Dear Member,

We have received a communication from UK Asset Resolution (UKAR) regarding the banking arrangements of Northern Rock and Northern Rock Asset Management.

Please be aware that the communication gave final warning that the banking arrangements of Northern Rock and Northern Rock Asset Management (NRAM) will be completely disparate from 6 June 2012.

Any DRF member that distributes Debt Management Plan payments intended for Northern Rock and NRAM must ensure that the correct bank details are used. Payments intended for NRAM, but sent to Northern Rock (now Virgin Money) will now be returned to the payment originator.

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Yours sincerley,

David Mond

David Mond
Debt Resolution Forum Chairman