Technical note: state pension

We were asked recently whether, if a debtor is at state pension age but is still working and therefore obtaining an income, they have to claim their state pension because they are eligible for it, or are they able to defer claiming it until after they have finished working?

The answer is yes, they can defer.  Guidance can be found at www.gov.uk/deferring-state-pension

When the individual does eventually claim they can get the missed payments back as higher weekly payments or a one-off lump sum.

It is our view, particularly as state pension isn’t paid automatically – you have to actively claim it, that in line with the guidance provided by Horton v Henry, the Trustee would be unable to compel the debtor to claim their pension if they choose not to.

New Scottish Bankruptcy Book

Published at the end of last year, this new text takes the place of the classic work of McBryde on Bankruptcy. Authored by Donna McKenzie-Skene, this book is the most up-to-date work on bankruptcy in Scotland. You can buy your copy here: http://www.sweetandmaxwell.co.uk/Catalogue/ProductDetails.aspx?productid=715523&recordid=7095

Two promotions at Insolvency Support Services

 

Insolvency Support Services has further strengthened its team with the promotion of two members of staff.  Steven Wood is promoted to Senior Manager, while Louise Morrison becomes Administrator.

Steven Wood, who has many years’ insolvency experience, assumes increased responsibility for managing the firm’s compliance activities.  He is particularly adept at handling more technically complex matters.

Louise Morrison, who has a wealth of experience in customer service and administration, takes on her own bankruptcy caseload with case-specific responsibilities.

Eileen Maclean, a founding director of Insolvency Support Services, commented: “These promotions recognise the strong performance of Steven and Louise, and are testament to the impressive talent which we have within the firm. Many congratulations to them both! We look forward to their continued, valuable contribution to the business and excellent service delivery to our clients.”

Awards shortlist success for Insolvency Support Services

Insolvency Support Services has been shortlisted in the Best Leadership of a Mould-Breaking Firm category at the prestigious Managing Partners’ Forum Awards for Management Excellence 2018.

 

The MPF Awards recognise excellence and best practice across the professional services sector, including the accountancy, legal and consulting professions, and attract entries from firms across Europe.

 

Insolvency Support Services is one of only two Scottish-headquartered firms to have achieved a place on the shortlist, with law firm Brodies up for the Best Implementation of Systems or Technology award.

 

Having identified a gap in the market to offer a uniquely complete range of support services (outsourcing, practice management, compliance and training) to insolvency and related businesses, founding directors Eileen Maclean and Christine Convy established Insolvency Support Services in 2009. The business has grown exponentially since then, becoming a centre of excellence and pre-eminent supplier of support services to the UK insolvency market.

 

Eileen Maclean commented: “Being shortlisted in the MPF Awards is very much appreciated recognition of our success in creating a mould-breaking service and building a highly respected UK-wide business in a short space of time.

 

We’ve had a momentous few years, which has seen us win major client contracts, strengthen our team with high calibre recruits, open a new Glasgow office and expand our Glenrothes headquarters, and grow the business in both the Scottish and English markets.

 

We would like to thank all our clients for their invaluable support, and our amazing team for their hard work and commitment.”

 

The winners of the MPF Awards will be announced at a gala dinner and ceremony in London on 7 March.

Celebrating Living Wage Week 2017

Insolvency Support Services is delighted to be one of over 1,000 Living Wage accredited employers in Scotland, and to be joining the celebrations during Living Wage Week 2017 from 6 to 11 November 2017.

Find out more by clicking here.

 

 

 

Eileen Maclean invited to join TRI 250

Insolvency Support Services director Eileen Maclean has been announced as one of the members of leading trade journal Credit Strategy’s new TRI 250 group.

Launched at the prestigious UK TRI (Turnaround, Restructuring and Insolvency) Awards 2017 ceremony, held at the Hilton Park Lane Hotel, London, on 18 October, the TRI 250 is a new group of 250 prominent influencers, movers and shakers in the UK insolvency market.

The firm’s training arm, ISS Training, was also shortlisted in the Education/Training Provider of the Year category of the awards.

Eileen, a founding director of ISS and one of the UK’s foremost insolvency trainers and practitioners, commented: “We were delighted to have been shortlisted in these awards against such tough competition. It represents welcome recognition of the significant progress we have made in our training offering. Thanks very much to our amazing team for their hard work and commitment, and to our clients and delegates for their invaluable support and fantastic feedback.

I’m honoured to have been invited to become a member of The TRI 250, and look forward to contributing to its successful development.

In the last year we have greatly strengthened our training team with high calibre recruits, extended our programme to 120 open courses, including our new One Hour Series of webinars, welcomed hand-picked guest speakers to provide supplementary expertise, and added Leeds and London to our existing Edinburgh, Glasgow and Manchester locations.

Our 2018 training programme will be launched shortly.”

Insolvency Support Services sponsor R3 in Scotland Annual Dinner

Insolvency Support Services are sponsoring the forthcoming R3 in Scotland Annual Dinner (and Dance). We are delighted to be associated again with this year’s event, being held on 14 September 2017 at the Grand Central Hotel in Glasgow.

We’re looking forward to the live music courtesy of Bahookie.

We hope to see many of our clients and contacts there.

Eileen Maclean to speak at IPA Regional Roadshow 2017

Eileen Maclean

Insolvency Support Services director Eileen Maclean will be speaking at the Scottish leg of the IPA Regional Roadshow 2017 next month. The event, being held in Edinburgh on 26 September, will kick off the IPA’s Regional Roadshow 2017. It will go on to visit five other UK cities.

Eileen will give an update on recent and forthcoming legal developments, including the practical implications of recent case decisions.

Where:
Edinburgh Training and Conference Venue
16 St. Mary’s Street, Edinburgh EH1 1SU

When:
26 September 2017
2.30pm – 5.00pm (registration from 2.00pm)

To Book:
www.insolvency-practitioners.org.uk/events

Insolvency Support Services up for training award

 

ISS Training has been short-listed in the Education/Training Provider of the Year category in the UK TRI (Turnaround, Restructuring and Insolvency) Awards 2017.

 

Eileen Maclean, a director of Insolvency Support Services and one of the UK’s foremost insolvency trainers and practitioners, commented: “This short-listing is very welcome recognition of the significant progress the firm has made in our training offering over the past twelve months. We are thrilled to have reached the final stages of these prestigious awards and would like to thank all our clients and delegates for their invaluable support and fantastic feedback.

 

It has been a momentous year for us. In addition to strengthening our team with high calibre recruits, we have extended our training programme to 120 open courses, including our new One Hour Series of webinars, welcomed hand-picked guest speakers to provide supplementary expertise, and added Leeds and London to our existing Edinburgh, Glasgow and Manchester locations.

 

We are now in the process of developing our 2018 programme of courses, which we look forward to launching during Autumn 2017.”

 

The TRI Awards Gala Dinner is being held on 18 October 2017 at the Hilton Park Lane Hotel, London.

We’re recruiting an experienced PPI Claims Administrator

Glasgow-based

Salary – Market Rate commensurate with experience

Due to continued expansion, we are recruiting an experienced, skilled and enthusiastic PPI Claims Administrator, based in Glasgow. Click here for more information.