Fair4All Finance is a not for profit organisation founded in 2019 to improve the financial wellbeing of people in financially vulnerable circumstances by increasing access to fair, affordable and appropriate financial products and services.
Our funding comes from The Dormant Assets Scheme. The scheme makes it possible for money in dormant bank and building society accounts and beyond to be used to support specific causes including personal financial inclusion and capability.
There are at least 17.5m people in the UK in financially vulnerable circumstances, who are poorly served or unfairly excluded from mainstream financial services. That’s nearly a third of all adults in the UK.
Our vision is of a society where the long-term financial wellbeing of all people is supported by a fair and accessible financial sector.
Our three strategic priorities are:
- Increase the availability of affordable credit provision so that 10x more affordable credit is available to people in financially vulnerable circumstances and can be delivered sustainably at the scale required to meet customer needs.
- Partner with mainstream banks and financial services to increase access to provision of products and services so that people in financially vulnerable circumstances are served by mainstream financial services, either directly or through funding other providers.
- Develop the market to consistently provide products that meet the needs of customers so that people in financially vulnerable circumstances have their needs met through the right and systems are in place to support ongoing product development for these
You can find more information on us and our work at www.fair4allfinance.org.uk