NEWSLETTER: Financial Inclusion Commission Update September 2017

September 29, 2017

This newsletter provides an update on recent activity and developments in which the Financial Inclusion Commission has been engaged.
 
If you would like the Commission to support or publicise an event or project you are hosting, please feel free to contact us.

Keep in touch:

Our website can be found at: www.financialinclusioncommission.org.uk
Follow us on Twitter at: www.twitter.com/ukfinclusion
Email us at: commission@ukfinclusion.org.uk

 
Political and regulatory update
The Commission were delighted to see financial inclusion included in the portfolio of Economic Secretary to the Treasury Steven Barclay. We are looking forward to the publication of the government's agenda on financial inclusion. 
  
Party Conference 2017
We are delighted to be partnering with Prospect at this year's Labour and Conservative Party Conferences. 

Last week we were very grateful that Shadow Chief Secretary to the Treasury Peter Dowd MP and Shadow Communities and Local Government Minister Yvonne Fovargue MP took the time to speak at our Labour Party Conference event in Brighton. 

Next week the new Minister for Financial Inclusion Guy Opperman MP will join us at our event at Conservative Party Conference. This will take place at 19.00 on Monday 3 October in the Midland Hotel. 

To coincide with our events Prospects have published two pieces by the Commission and our sponsor, Mastercard. These can be found here and here
 

If you would like one of our Commissioners to appear on a panel event you are organising, please do contact commission@ukfinclusion.org.uk

Give people some credit - report
A report commissioned by the Financial Inclusion Commission focused on overcoming the barriers to mainstream credit with data was published. The report can be found here, our press release can be found here and a blog on the report can be found here

Access to Insurance
We submitted a response to the FCA's Consultation on Access to Insurance which focuses on access to travel insurance. You can read this here

Separately, with the support of the FCA Consumer Insight Unit, the Financial Inclusion Commission launched its own inquiry on access to insurance focusing on household insurance. The deadline for responses has now passed but you can find more details here. We will be launching a report based on the findings of the inquiry in the evening on 14 November in the House of Lords.   

GLA Inquiry on Access to Money
The London Assembly Economy Committee has launched an inquiry on Access to Money: The Mayor's role in promoting financial inclusion in London. More information can be found here.

The Commission welcomes the GLA's interest in this issue. 


Community news

TechCityUK launched a competition to support new fintech startups focused on competition. The deadline for applications is 20 October. More information can be found here

CHASM launched the 2017 Financial Inclusion Monitoring report at an event in Westminster. The Commission's own Sian Williams and Sir Brian Pomeroy were among the speakers. The report warns that the UK could face a new winter of discontent with households counting the cost of nine years of lost growth. 


Commissioners Lords Stevenson and Kirkwood have been busy with the Financial Guidance and Claims Bill which is making its way through the House of Lords. 


The Commission regularly participates in round tables and panels in the hope of working in partnership with stakeholder organisations to further debate. If you would like to discuss Commission involvement in any projects you are currently working on, please email: commission@ukfinclusion.org.uk

Dates for the diary

  • Financial Inclusion Commission reception at Conservative Party Conference: Monday 2 October 
  • Financial Inclusion Commission meeting: Wednesday 1 November
  • Launch of the Financial Inclusion Commission report on Access to Insurance: Tuesday 14 November