When you're poor you pay more for things like energy, insurance and credit.

But you also pay more due to the WAY YOU PAY for these things too.

youtu.be/wLgvb8AnXxA?si… via YouTube 👇👇👇

Disabled people have always had less money in their pockets than non-disabled people. Far from getting better it is getting worse. Scope has some recommendations for the Government on how to tackle these extra costs. 👇
bit.ly/3IefVGz

We need insurers, regulators and government to come together to make sure everyone has access to affordable products that also meet their needs.

Great to speak to BBC News (UK) about their research which mirrors our own finding that there is an ethnicity penalty in car insurance.

This isn't about crime. BBC didn't find a link between crime rates and higher prices paid by people in more diverse areas.

So what's happening?

Labour's plan for financial services has been released today The Labour Party.

We’re pleased to see it includes policy proposals that will reduce the #povertypremium .

labour.org.uk/updates/storie…

👏👏👏 A big welcome to this:
'A Labour government will develop a national financial inclusion strategy...will be designed and implemented by a committee chaired by a Treasury Minister...' PLUS, a call out on the need to tackle the poverty premium.
👏👏👏
labour.org.uk/wp-content/upl…

Ever-increasing car insurance premiums have been in the headlines recently.

There is a human side to the numbers.

This is Zahada’s story.

“We have two types of markets. One that works for the healthy and the wealthy, and one that penalises you for being poor.'

Thanks to Hilary Osborne from The Guardian for featuring the poverty premium in her article on car insurance premiums.

Are you a policy & public affairs expert with a drive to end the need for food banks and the skills to help us create real change in Wales? Come and join us The Trussell Trust ! Applications close 31st Jan. trusselltrust.org/about/jobs/pol…

Interesting analysis from Which?. Tallies with our analysis for Fair By Design which found an individual will pay about 11% more if paying monthly for car insurance, rather than annually.

(Which?'s case studies paid 10-15% more: which.co.uk/news/article/p… )

The power of Financial Conduct Authority stating that the premium for paying monthly for insurance is 'a tax on being poor'. Hopeful this means insurers will now tackle this unjust poverty premium asap.

Insurance shares slump over fears of price curbs thismon.ee/a/12948677 via @ThisIsMoney

Great piece from Mike on consume representation within regulators. Still much to do, IMHO. Thanks for sharing Mike.
For those interested take a peek at Fair By Design's inclusive design guide - placing lived experience at the centre of decision making fairbydesign.com/wp-content/upl…

“It is a tax on being poor. Those who are paying monthly are subsidising those who can afford to pay annually.”

Matt Brewis, head of insurance Financial Conduct Authority, discusses action on premium finance, calling it a poverty premium.

Are you looking for a new role? We're looking to grow our team in the New Year in some key areas to help deliver our mission of creating a fairer financial system for everyone.

More information on the available roles and how to apply on our website

fair4allfinance.org.uk/join-the-team/

Lots of #olderpeople on #lowincome tell Independent Age they are too embarrassed to share their experience publicly. Thanks to Jane Asher & Vincent Ebrahim for voicing their stories & ensuring they are no longer hidden #poverty #poverty inlaterlife #olderage #pensioner s #pensioner

An honour to be the inaugural ⁦CHASM⁩ lecture on financial inclusion and literacy given by the wonderful Prof Adele Atkinson, making it clear that finance is about so much more than money…

Doing my homework for my first Advisory Board meeting for ⁦⁦Uni of Birmingham⁩ Centre on Household Assets & Savings Management ⁦CHASM⁩. Such rich research to help inform what we need to do to address poverty and financial exclusion.

📢 #BSI is recruiting for two new members of its professional & super-friendly Consumer Team.

The team provides valuable support to #CPIN , helping us to deliver effective #consumer participation in #standards . (bsigroup.com/consumers)

Apply: tinyurl.com/55dmmw6h

Pls❤️& RT!

Hear! Hear!

Bit of a career highlight yesterday being asked to help celebrate ⁦Personal Finance Research Centre⁩’s 25th birthday, at their super anniversary conference. Such awesome clever researchers making the world a better place. Happy Birthday ⁦Personal Finance Research Centre⁩ 🎊🎈