Friday, January 04, 2013

SIP 9 Guidance Notes


In the first example of our Blog and Twitter accounts interacting, this article expands on Tweets issued by Bill yesterday (3 January 2013) and today.  Gareth noticed yesterday that the revised SIP 9 fee guidance notes had dropped off the R3 web site.  Knowing that a lot of you still direct creditors to the R3 site for fee guidance notes, Gareth contacted R3 and their IT people confirmed that they would get them back online as soon as they could.  Bill tweeted a warning that they were down and confirmed that IT were looking into the issue.  Gareth confirmed this morning that the fee guidance notes are back online and Bill tweeted an update.
The story does not end there however.  We are not exactly overwhelmed with Twitter followers yet, so you may not be aware of the issue at all.  Furthermore, whether you were aware or not, we thought it was worth explaining our suggested approach to the guidance notes.

We suggest that whenever you are required to direct creditors to the SIP 9 guidance notes, the best place to direct them to is your own web site.  We acknowledge that few creditors actually follow the link, but if they do it makes sense to us that it should be you that gets any resulting marketing benefit.  If you do not have that option, then you may well use the R3 web site or one of the regulators’ web sites. 
Wherever you direct them, the approach that we suggest is to explain that there are different guides for pre-6 April 2010 cases and post-6 April 2010 cases, and then direct them to the right set. In connection with this, we suggest that is simpler for all concerned if you just use two sets of guides, the pre-6 April 2010 set and the revised version that was issued early in 2012 after the 1 November 2011 SIP 9 update.  Although that SIP update only applied from 1 November 2011 it is suitable for all “new rules” cases and it is far simpler if you direct interested parties to one version or the other.

Wherever you direct them, however, you should check periodically that the link or address provided still works.  For example, the new address for the R3 version of the revised fee guidance notes is: http://www.r3.org.uk/index.cfm?page=1210 .  If the page number (1210) on R3’s website should change the link would not work.  How often you check is up to you, but we suggest looking at least once a month.  Of course, if you use your own web site then you are more likely to know when changes are made and can update the links when that happens, without the need for regular checks.
We hope that this article helps you understand how the new Blog approach will work and we’d be grateful for any feedback via email, LinkedIn or Twitter about ways that we can further develop the link between our Tweets and the Blog.