New inquiry into how banks are helping vulnerable people amid ‘alarming’ closures

It will also look into the use of the Post Office’s services in areas where bank branches have close (Image: Getty)Get canada goose factory outlet toronto location politics updates directly to your inboxSubscribeSee our privacy noticeMore newslettersAn inquiry into consumers’ access to financial services has been launched by MPs amid concerns some vulnerable customers are finding it increasingly difficult.The Treasury Committee will scrutinise whether certain groups of people are excluded from canada goose outlet store uk obtaining a basic level canada goose outlet boston of service from providers.It will also examine whether canada goose outlet in vancouver vulnerable consumers pay canada goose factory outlet vancouver more for financial services products.Almost 3,000 banks have disappeared from the high street since 2015 leaving the most vulnerable without access”With customers expected to take more responsibility for canada goose outlet uk sale their financial planning and resilience, bank branches canada goose outlet legit closing canada goose outlet parka and the number of free to use ATMs falling, it’s becoming increasingly difficult for vulnerable customers to access certain financial services.”The canada goose outlet store new york committee will examine the practicality of the FCA’s definition, the effectiveness of attempts by financial services providers to prevent increased financial exclusion canada goose outlet canada and whether a premium is placed on products such as travel insurance for vulnerable consumers.”As part of this inquiry, we’ll be holding sessions outside of Parliament to hear canada goose outlet winnipeg from vulnerable consumers who have interacted with financial services providers.”Lloyds Banking Group ‘creating 8,000 new jobs’ but set to cut 6,000 tooQuestions the committee will consider include how financial services firms define vulnerability.It will canada goose jacket outlet sale look at the training in place at financial services firms in relation to vulnerable consumers and consider the merits of having a “duty of care” for financial services providers and examine whether this would increase protection for vulnerable customers.The committee will also examine which customers are canada goose outlet toronto most disadvantaged when bank branches close canada goose outlet las vegas and consider whether there is evidence to suggest that bank branch closure leads to increased financial exclusion.The inquiry will also examine whether vulnerable consumers pay prohibitively more for certain financial services products, including travel and home canada goose outlet england insurance.The committee also wants to canada goose outlet canada goose outlet hong kong know how technological innovation could help those who cannot easily access physical financial services branches.Tom Selby, senior analyst at financial services company AJ Bell, said while some people may be more obviously vulnerable, others may be harder to identify.He said: “Many people suffer for long periods with debilitating depression, for example, without even their closest family knowing.”Married? It’ll canada goose outlet florida cost you more” investigation into personalised pricing launched”Tackling vulnerability therefore cannot be dealt with by any one company or industry in isolation.”It requires broad collaboration between firms, regulators, politicians, charities and customers themselves.”Companies across financial services need to build understanding of vulnerability into their respective cultures, canada goose outlet toronto address sharing best practice and continually reviewing and improving the processes put in place to protect customers.”.

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A Bloom Landscaping é uma empresa de construção e manutenção de jardins sediada no Algarve.

Actua principalmente na zona do Triângulo Dourado (Vilamoura, Quinta do Lago, Vale do Lobo), mas também nos concelhos de Loulé, Faro, Olhão e Albufeira.

Bloom Landscaping

E.N. 125 - Km 96, Torre - Sitio do Além,

Cx: 423-A

8135-029 Almancil

Bloom Landscaping