- The DPS, one of three Government-authorised deposit protection schemes for landlords and letting agents, was launched in April 2007.
- It is the only scheme without membership fees, application fees or pertinent charges for protecting deposits.
- The DPS is managed by Computershare Investor Services Plc, a global business with more than eight years’ deposit protection experience in Australia.
What we did
New legislation requiring deposit protection for all assured shorthold tenancies in England and Wales where a deposit is taken, was introduced to ensure that tenants who are entitled to receive all or part of their deposit back at the end of a tenancy, actually do so.
The DPS, run by Computershare Investor Services Plc, became the Government’s only custodial tenancy deposit protection scheme in November 2006, and launched on 6 April 2007 in line with two other, insurance-based schemes. Flag worked collaboratively with Computershare to deliver all aspects of a wide-ranging campaign, including scheme collateral and a registration website.