Debt management firm PayPlan has announced several changes, including the appointment of two non-executive directors.
Pat Boyden, previously partner in charge of personal insolvency at PwC, will chair a new ‘consumer engagement group’, an independent body considering the needs of over-indebted consumers.
The Group will inform the development of PayPlan’s debt advice strategy and conduct periodic audits to ensure that its products and services remain the best option for its clients.
Mr Boyden will also chair a creditor round table, to which all of the creditors who contribute to PayPlan’s ‘fair share’ funding will be invited, in order to comment upon and influence the company strategy.
Joining Mr Boyden on the board is David Jackman, managing director of consultancy The Ethical Space and former head of education and ethics at the Financial Services Authority.
Payplan’s policy and external affairs director John Fairhurst said: “Their wealth of experience and industry knowledge will be invaluable in helping to shape our future direction.
“We believe that living with debt shouldn’t mean having to live in despair, and our research has guided the development of the wide range of practical solutions we are now able to offer our clients; whether the best option for them is a structured debt repayment plan or simply advice on how to cut their essential living costs”.
Moreover PayPlan are launching their ‘Live Again’ brand, helping clients to enjoy life while at the same time responsibly manage their debt.
This includes an online community giving people advice on how to make their money go further, whether that be in household expenditure and entertainment, or health matters and budgeting for technology, which can be found at www.payplan.com/living-room