FINANCE NEWS: Minister demands improved access to bank accounts

A Scottish minister has branded the fact that 13 per cent of households in Scotland do not have access to a bank or building society account as "unacceptable".

Minister for social justice Margaret Curran said that financial exclusion needed to be tackled through community banks, credit unions and money advice services in deprived areas.

"It is clear that the best solutions are developed through a bottom-up approach from communities themselves,

she told a British-Irish Council conference on financial inclusion.

She said of those households without access to financial products that "they have no money invested and they are unlikely to have a private pension, mortgage or insurance. This is simply unacceptable".

The aim of the Glasgow conference, organised by the Scottish Executive in partnership with the Welsh Assembly, was to bring together community activists and practitioners in order to exchange ideas and influence government policy on financial inclusion.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners


Expert Hub

Insurance advice from Markel

Digital fundraising tips and tricks

Digital fundraising tips and tricks

Partner Content: Presented By Markel

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now