Savings sector is for the 'middle classes'

Speaking in Manchester yesterday as a member of the panel debate on financial inclusion, Ann Rossiter, director of the think tank Social Market Foundation, chaired and summed up a discussion about the need to encourage financial inclusion by suggesting the financial services industry is seen as being geared towards the middle classes. A key comment delivered by Rossiter at the end of the forum questioned whether and to what extent the structure of the financial services market and its current business models “could or should be reviewed” in order to tackle financial inclusion. Her comme...