The Insolvency Group Limited are proud to be a member of the Insolvency Practitioners Association (IPA) Volume Provider Regulation Scheme. The IPA strongly believes that the Volume Provider Regulation Scheme, a first in the insolvency profession, will deliver lasting confidence in the personal debt solutions market.

Launched by the IPA, the Volume Provider Regulation (VPR) Scheme came into effect on 1 January 2019.

The VPR Scheme was rolled out in response to the rapid development of the Individual Voluntary Arrangement (IVA) market – the most commonly used debt solution in England, Wales and Northern Ireland. The Scheme provides some of the closest scrutiny seen in financial services. More information on the Scheme, including the IPA’s Benchmark Report can be found here.

Effective from August 3rd 2020

If you enter into an Individual Voluntary Arrangement (IVA), there will be fees and/or costs involved.
Your creditors will decide on the level of any fees taken, whilst any genuine costs in relation to your IVA may also be charged. For clarity, fees and costs are not in addition to the monthly payments you make. These will be taken out of these payments as approved by your creditors.

Individual Voluntary Arrangement fees

You will only be charged a fee if your IVA proposal is accepted by your creditors.
Once your IVA has been accepted, the fees you pay will be:

  • A nominee’s fee
  • Supervisor’s fees
  • Costs and expenses

Nominee’s fee

The Nominee’s fee is the cost for helping you to put your IVA proposal to your creditors. This covers the professional costs of the Insolvency Practitioner involved in arranging your IVA, including:

  • Collating information about your circumstances, assets, and liabilities, and conducting your SIP3.1 call to determine the best solution for you.
  • Preparing your IVA proposal – which sets out the proposed terms of your IVA and provides your lenders with a detailed snapshot of your finances.
  • Holding a meeting with your creditors to reach an agreement on the outcome.

The Nominee’s fee is always paid in priority to any other fees in the Arrangement. This fee is requested in your IVA Proposal and determined by your creditors.

Supervisor’s fees

The Supervisor’s fees cover the work carried out for the duration of your IVA. These fees are requested in your IVA Proposal and determined by your creditors.

The Supervisor’s fees are taken on a monthly basis in line with the fees agreed by your creditors.

Should any assets be realised (e.g., the equity in your property, successful PPI mis-selling claims), or windfalls are received (e.g., an inheritance or lottery win) during the term of your IVA, additional Supervisor’s fees may be due from these additional realisations. This is detailed within your Proposal.


There may also be other costs incurred in connection with the running of your IVA.

For instance, your IVA provider may be able to claim back the costs of postage and insurance dependent upon the fees and costs agreed.

How much you will pay in fees will be clearly set out in your IVA proposal (based on known circumstances at the time), although they must be approved by your lenders and may be changed before the IVA proposal is accepted.