Last Wednesday, the Government launched its long awaited financial inclusion strategy. I welcome its publication and there is much to be positive about.
Financial inclusion has been a key policy area for me since I entered the House of Lords, not least as part of a special Select Committee considering financial exclusion which I was privileged to serve on from 2016-2017, with follow up report in 2021.
I have also had opportunities to influence and amend legislation to the benefit of this critical policy area. Over the past decade, as financial services legislation has progressed through Parliament, colleagues and I repeatedly highlighted the case for a financial inclusion objective for the Financial Conduct Authority and a duty of care for financial institutions.
