Tag Archives: Banking

Press & Media

Banks should compete over help with financial wellbeing

The Social Market Foundation said that new “consumer duty” rules being introduced by the Financial Conduct Authority should drive financial services firms to improve the way they offer support to...
Published: 15 February 2022
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Press & Media

Report of the first meeting of the APPG for Best Brexit

A report of the first meeting of the All-Party Parliamentary Group for Best Brexit. The meeting took place on Monday 14 November 2016 at Committee Room 6, House of Commons.
Published: 15 November 2016
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Press & Media

Bank customers getting a better deal as the benefit of switching has doubled in a decade

Consumers are getting better value for money from their current account and benefiting from a more competitive market according to a new report from the Social Market Foundation (SMF) published today.
Published: 08 September 2016
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Press & Media

Report reveals half a million households losing money due to ‘low financial capability’

A new Social Market Foundation (SMF) report, Fixing Family Finances, examines the problem of financial capability in Great Britain at a household level and assesses whether social and family ties can be used to reduce the impact of individuals’ low financial capability.
Published: 22 April 2016
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Press & Media

PRESS RELEASE: New research reveals Britons still prefer the bank branch for complex transactions, despite rise in online and mobile banking

New research reveals that high street bank branches remain essential to Britons in the management of their money, with nearly two-thirds of consumers (63%) preferring to talk to someone face-to-face when making a big financial decision.
Published: 28 January 2016
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Press & Media

Financial fragility of workers is impacting UK productivity

A new study entitled Working Well: How employers can improve the wellbeing and productivity of their workforce, from the Social Market Foundation think-tank conducted in partnership with financial employee benefits provider Neyber, finds that one in eight workers (13%) report that money worries have affected their ability to concentrate at work. The study shows low financial resilience is a significant cause of stress across the UK workforce.
Published: 25 January 2016
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Press & Media

PRESS RELEASE: Government should back a new ‘Active Consumer Week’

A new Social Market Foundation report entitled Should switch, don’t switch: Overcoming consumer inertia, supported by comparethemarket.com, launches at the Conservative party conference on Monday.
Published: 03 October 2015
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Press & Media

PRESS RELEASE: Multi-bankers are the key to future competition in financial services, finds think tank

In the report, Playing the Field: Consumers and competition in banking, the SMF finds that ‘multi-bankers’ embody a new form of competition in the British banking sector. These consumers are shopping around, trying out different options and forcing banks to offer them better value to retain their custom
Published: 16 July 2015
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Press & Media

PRESS RELEASE: SMF Budget 2015 reaction

The SMF respond to Budget 2015 by saying that while Osborne's Budget didn’t contain the expected pre-election giveaways, it was most certainly aimed at the voting public.
Published: 18 March 2015
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