Samantha Keen, President

IPA Insolvency Practitioner newsletter, July 2022

Contents

• Paul Smith, CEO
• AML case studies
• Russian sanctions reminder
• Committee for Advertising Practice Enforcement Notice reminder
• HMRC update
• Don’t miss our final four Roadshows for 2022 this autumn…
• The IPA Awards Reception
• Personal Insolvency Conference – take advantage of earlybird rates for a limited time only!
• Exclusive discounts on training from the IPA and our partners – make savings on essential CPD
• Pride is about more than just rainbows – it’s about radical change
• Vacancy: Lay member of the IPA Anti-Money Laundering Committee
• Need new IT products? Claim exclusive IPA membership offers from Dell
• CPI training with BPP – special offer for IPA members (member login required to view)
• Insolvency Insider industry update

I am pleased to write this after a well-attended IPA Learning on 7^th July, in which Eileen Maclean, Director of Insolvency Support Services, and Barrister Andrew Shaw of South Square Chambers covered the important matter of avoiding conflicts of interest when giving advice – assisted with additional regulatory perspective from Stuart Jary from the IPA inspection team. Remaining compliant with the insolvency Code of Ethics in roles as an adviser and as an office holder post-appointment is essential, as well as understanding the differing responsibilities of both roles. I hope that all attendees found the content to be a useful refresher.

The next IPA Learning session is scheduled for 8^th September. Information on the session topic will be announced soon.

Looking ahead to other developments, the increase in the cost of living is sadly having an impact on vulnerability of clients and others. It is important that insolvency professionals are familiar with how to deal with vulnerability in insolvency work. We will be providing a refresher on vulnerability at the next IPA Roadshow in Manchester, part of our varied and thought-provoking programme of sessions for the Roadshow Series.

To mention some highlights, the latest national and regional economic insights will be explored at each event, as well as cyber crime updates at the Manchester and Leeds Roadshows; Redundancy Payments Service and employee claims, and insights from FRP CEO Geoff Rowley, at the Birmingham Roadshow; a practical overview of recent legal updates from Ryan Millmore, Head of Corporate Recovery at Clarion, in Leeds; and insights from the Bank of England and a legal panel discussing the latest on corporate insolvency and bankruptcy in London. Read about the full content at each event and book your place here. 

Plans are underway for October’s Diversity Forum, launched with the goal of helping attendees to better integrate diversity and inclusion into their businesses and part of the IPA’s mission to drive more diversity in the profession. We will be curating a range of speakers on diversity and inclusion from different perspectives, with a particular focus on social mobility and how we can better welcome people from all walks of life into the field of insolvency – something which a successful profession depends on. Watch this space for further announcements.

Parallel to this, the supporting work of the IPA’s internal Diversity and Inclusion Committee continues. You can read an article from the IPA’s Diversity and Inclusion Champion, Heather Childs-Potter, in this month’s issue. Heather attended the Pride Parade in London at the beginning of the month, as well as recently visiting the Stonewall National Monument in New York, and has written an article on the importance of Pride and being an ally to the LGBTQ+ community.  

Finally, as mentioned in last month’s newsletter, 2022 sees the return of the IPA Awards – your opportunity to nominate those who you think have made substantial achievements or contributions to the profession. Nominations will be opening on 1^st September, and the categories have been announced. I strongly encourage you to get involved, send in your nominations and join us on the evening of 9^th November when the winners will be revealed. You can read more here.

Samantha