NEWSLETTER: Financial Inclusion Commission Update November 2017

November 30, 2017

Introduction:
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 the government publish their response to the House of Lords report on financial exclusion. In particular, the Commission welcome the announcement of a forum to champion financial inclusion in the heart of Whitehall. 

The government's report published by HM Treasury, the Department for Work and Pensions and the Department for Education is here. Our statement is here

Party Conference 2017
We were delighted to partner with Prospect at this year's Labour and Conservative Party Conferences where we were very grateful to be joined by Shadow Chief Secretary to the Treasury Peter Dowd MP, Shadow Communities and Local Government Minister Yvonne Fovargue MP and Minister for Financial Inclusion Guy Opperman MP. 

You can read more about our events here

Access to Insurance
On 14 November we launched our new report, The Missing Piece in the Financial Inclusion Debate? Improving Access to Household Insurance with a packed event in the House of Lords. 

Following an inquiry, the report found that there are 16 million people without contents insurance in the country. We received coverage across national and local media and Commissioner Laurie Edmans CBE was featured on BBC Radio 4's You and Yours. 

You can read the press release here and Laurie's blog here

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. You can read our submission here

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

Community news

Banking Standards Board launched a consultation paper on 'What do good banking outcomes look like to consumers?'. The deadline for responses is 26 January. 

More information can be found here. 

Liverpool John Moore's University is once again offering its highly-rated part time short course in promoting financial health and inclusion. Read more here

Commissioners Lords Stevenson and Kirkwood have continued to be busy with the Financial Guidance and Claims Bill which is now making its way through the House of Commons. 

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
  • Adjournment debate on financial inclusion and the single financial guidance body: Thursday 7 December
  • Financial Inclusion Commission meeting: Wednesday 13 December