The government has today published its Financial Inclusion Strategy, which has been developed with the support of the Financial Inclusion Committee - a cross-sector group of consumer advocates and industry representatives.
The report sets out how government, consumer groups and the financial services sector will work together to tackle barriers to individual and households' ability to access affordable and appropriate financial products.
The ABI has responded:
Financially resilient households are the foundation of a thriving economy. Insurance already plays a vital role in supporting financial wellbeing, and as an industry, we’re committed to closing protection gaps and removing barriers to access.
By working closely with the committee, consumer groups and stakeholders, we’ve been proud to play an active role in shaping this strategy and are delighted to see it published. We’ll take its recommendations forward with our members, helping insurance play its full part in building a financially resilient society.
Hannah Gurga
ABI Director General