The IPA Volume Provider Regulation (VPR) Scheme 2020 benchmark report is out now – click here.

A reminder for members who deal with IVAs

At the request of the IPA Regulation & Conduct Committee (R&CC), we would like to remind members dealing with IVAs to ensure that the IVA is supervised in accordance with the agreed terms and the modifications. If there is any ambiguity between the original terms and agreed modifications, then a variation should be considered. Clear minutes should be kept, and steps taken to verify suggested modifications where there is any doubt.