Financial Services: Disadvantaged
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of a mandatory disclosure regime for financial services providers on activities to improve financial inclusion.
Answered by Emma Reynolds
Ensuring individuals have access to the appropriate financial products and services they need is a key priority for the Government. This is why I have committed to publish a Financial Inclusion Strategy later this year which will examine the barriers consumers face and further action industry and Government can take in partnership to address them.
This includes a focus on: (i) digital inclusion and access to banking; (ii) savings; (iii) insurance; (iv) affordable credit; (v) problem debt and (vi) financial education and capability.
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