Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will meet with FairLife to discuss the potential merits of a fair trading mark for firms in the financial sector.

The Government wants to ensure that everyone, regardless of their background or income, has access to useful and affordable financial products and services. These include products and services such as banking, payment services, credit products and insurance.

The Government also shares FairLife’s aims of ensuring that people build financial capability, meaning that they are able to use, and maximise their use of, products and services made available by the financial services industry.

Government policy on financial capability focuses on ensuring that people can access the guidance they need and have the confidence and skills to manage their money well.

To promote financial inclusion and capability, the Government works closely together with regulators and stakeholders from the public, private and third sectors. The Chancellor, the Economic Secretary to the Treasury and HMT officials regularly meet with a wide range of organisations to exchange views, collaborate and inform our policy development and delivery. The government would welcome a discussion with FairLife as part of this engagement and HM Treasury officials will get in touch with them to arrange this.