Financial Inclusion Commissioner. I tweet (sporadically!) about fintech for financial inclusion, the gender pensions gap, and remittances. Views my own.
The latest Migration and Development Brief reports that remittances to low- and middle-income countries slowed to 3.8 percent in 2023 after averaging about 9 percent in 2021 and 2022. Read more: https://t.co/Tzw88ayGoZ via @worldbank
UK rents rise at fastest rate since records began https://t.co/GNFW337lKg
also, from @StepChange: "Private renters almost twice as likely to be struggling with problem levels of debt as the general population" (https://t.co/XTnUwYtnIq)
where's the plans for renters protections?
We are concerned by the findings of @TheFCA Financial Lives 2022 Survey. The report shows how vital it is that the next government adopts a National Financial Inclusion Strategy to ensure financial services are accessible and meet the needs of everyone.
https://t.co/0FjJgZXVFO
Who are the 1.1 million households across Britain who don’t have a bank account at all (not just those who can’t get one at Coutts)? Our COTW shows Britain’s ‘unbanked’ are hugely disproportionately likely to be poor... https://t.co/6O8CCztgUg
The Future of Fintech report by @Finextra & @InnFin https://t.co/qiJRwi6Ffi outlines how @TheFCA Consumer Duty will drive fairer outcomes. But those excluded from the system will remain so. An FCA 'must have' regard to financial inclusion would fight exclusion at societal level
What a shame that the Pensions Dashboard project is delayed. Transparency and visibility of savings balances enable consumer engagement and help to reduce pension shortfalls #financialinclusion#genderpensiongap
Pensions Dashboard timetable scrapped and will be reset in the summer https://t.co/ODOfiGJ8wr there never was any dash in dashboard. Now it moves like an arthritic snail. Meanwhile the pensions industry - who see it merely as a cost - circle it with salt.
Today’s announcement on childcare support is welcome news for young families, and could start the ball rolling on closing the #genderpensiongap in the UK. #financialinclusion
The Commission welcomes the announcement that the Mid-Life MOT programme will be expanded to include 32,000 more Universal Credit claimants over 50. This serves as recognition of the great work the Mid-Life MOT does in building the nation's financial resilience for retirement.
Exorbitant childcare costs in the U.K. are limiting women’s career opportunities and contributing to the gender financial inclusion gap #GenderPayGap#GenderPensionsGap
UK nursery fees are the second-highest in the world, with some in London costing £19,000 a year on average. The costs are affecting women’s careers in particular as they say they are forced to take on fewer hours if they cannot find, or afford, childcare
Commissioner @martin_coppack spoke with @NewStatesman's Policy Ask series about his journey, our joint call for a 'must have regard' to financial inclusion and what the UK could learn from the US Community Reinvestment Act.
#FinancialInclusion
https://t.co/7nlvzIj3D1
Important
For the 1st time from May's local elections in Eng, Scot, Wales, u WON'T BE ALLOWED TO VOTE without ID
To help we've a new guide explaining what ID's needed & what to do if you don't have it https://t.co/SD5lpX4ivP
Pls share (inc offline) with those who may not have
@TheFCA consumer duty guidelines are welcome, but some consumers need essential financial services yet they are not profitable to serve. An FCA 'must have regard' to financial inclusion would help ensure that nobody in the UK is financially excluded @FairByDesign@UKFinclusion
Today the @UKHouseofLords is examining the Financial Services & Markets Bill.
We’re calling for the financial regulator to be required to consider financial inclusion. Here’s our Director @martin_coppack on why it's needed.
Great to see @griffitha meeting Commissioner @martin_coppack to talk all things financial inclusion! As the Financial Services and Markets Bill continues through the House of Lords, we continue to campaign for a 'must have regard' to financial inclusion for @TheFCA.
This week the @UKHouseofLords continues to debate the Financial Services & Markets Bill as it enters Committee Stage.
We’re briefing peers and calling for a new requirement on the @TheFCA to have regard for financial inclusion. @martin_coppack explains why it's so important 📺
@ClaireT_UKLords a brilliant lady with rock solid intentions to drive financial inclusion in the U.K. Well done, and thank you for bringing this to the forefront
Watch below as Commissioner @ClaireT_UKLords provides the case for a 'must have regard' to financial inclusion amendment to the Financial Services and Markets Bill👇 @FairByDesign
https://t.co/mjRRwLautF
Watch below as Commissioner @ClaireT_UKLords provides the case for a 'must have regard' to financial inclusion amendment to the Financial Services and Markets Bill👇 @FairByDesign
https://t.co/mjRRwLautF
Do your employees or service users know that our free, government-backed @MoneyHelperUK service can help them to identify additional support they may be eligible for?
https://t.co/cOTFyZKfam
In response to daily requests for data on sources and destinations of remittance flows, we decided to publish an updated bilateral remittance matrix, calibrated to 2021 remittance flows. These are estimates based on logical assumpt…https://t.co/cPaONCR10I https://t.co/E4RC6cpUZj
Thanks to the @TheFCA’s competition mandate, 🇬🇧 has the most dynamic fintech landscape in the world. With a mandate to ‘have regard’ to financial inclusion, it could also be the most inclusive. @UKFinclusion@FairByDesign
This is why @FairByDesign & partners are pushing for a new requirement for @TheFCA to AT LEAST CONSIDER the needs of the the most financially excluded in society.
This is why @FairByDesign & partners are pushing for a new requirement for @TheFCA to AT LEAST CONSIDER the needs of the the most financially excluded in society.