Bursar’s Review ISBA Annual Conference 2019

0330 123 9720 | www.sfpschoolfees.co.uk *Credit is subject to status, terms and conditions apply. School Fee Plan is a trading name of Premium Credit Limited. Registered office: Ermyn House, Ermyn Way, Leatherhead, Surrey KT22 8UX. Registered in England and Wales under company number 2015200. Authorised and regulated by the Financial Conduct Authority. SFP Non-Recourse - we take the loss if your parents are unable to pay. In response to the ever-increasing need to make school fees more manageable for both your school and your pupils’ parents, SFP has developed a product that will give you everything you need whilst still giving your parents fee payment choices. • Fees and Extras paid to the school up front • Reduced administration • Default management • A clear, simple and discreet online process for parents • Each solution individually tailored for your school • More importantly we will now protect you should parents be unable able to pay Regulatory Concerns surrounding monthly payment schemes? SFP has a new, Appointed Representative solution Our market research showed us that some schools had concerns about the regulatory aspects of monthly payment schemes, whether in-house or through a third party. In response, we are delighted to announce our approval by the Financial Conduct Au- thority (FCA) to offer an Appointed Representative (AR) solution to schools to over- come these concerns. SFP will take direct responsibility for all FCA regulatory action undertaken by the school, leaving you free to talk openly to parents about all their payment options. To find out more and sign your school up for the new facility call or visit our website: “I chose the SFP non-recourse scheme because of the flexibility and ease of use for both the school and most importantly, our parents. The removal of any necessary action by ourselves as a result of late or non-payment of fees, is a significant attraction of the scheme.” Neil Walne: Pangbourne College