Latest News 2017

For further information or interviews, please contact Elizabeth Jones or Moritz Povel at Withpr on 020 7249 7769 or email Elizabeth Jones or Moritz Povel

16th November 2017 – Press Release:
With mounting fears over Universal Credit challenging the financial wellbeing of many Brits, Orbit, a 40,000-home housing association, is working with The Fairbanking Foundation to support customers on managing their money …..read more
6th May 2017 – The Times:
Zero per cent credit cards are a great way of getting a cheap loan, but you need to manage them carefully …..read more
11th April 2017 – Global Banking and Finance Review:
5th April 2017 – The FT Adviser :
5th April 2017 – Press Release :
A new study by the Fairbanking Foundation concludes there are serious service gaps in the current accounts that UK banks offer to customers in vulnerable circumstances.
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2nd March 2017 – Co-operative news :
Report reveals how credit unions are helping members save as they borrow…..read more
March 2017 – Retail Banker International :
Douglas Blakey takes a look at the findings and reports on the sector’s efforts…read article
27th February 2017 – Scottish Parliament Motion Lodged:
“That the Parliament notes the report published by the Fairbanking Foundation, Save as you borrow – credit unions creating good habits, which investigated how credit unions enable members to develop a long-term savings habit; understands that the analysis in the report is based on a survey conducted with 1,272 members of seven credit unions, including 1st Alliance Ayrshire Credit Union; welcomes the findings of the research that 67% of borrowers within the survey who had no savings when taking out a loan now plan on saving regularly as a result of using a credit union Save As You Borrow (SAYB) product…..”
That the Parliament notes the report published by the Fairbanking Foundation, Save as you borrow – credit unions creating good habits, which investigated how credit unions enable members to develop a long-term savings habit; understands that the analysis in the report is based on a survey conducted with 1,272 members of seven credit unions, including 1st Alliance Ayrshire Credit Union; welcomes the findings of the research that 67% of borrowers within the survey who had no savings when taking out a loan now plan on saving regularly as a result of using a credit union Save As You Borrow (SAYB) product which encourages credit union members to put an amount, approximately 10% of the payment, into a savings account as part of making a loan repayment; further welcomes that, while only 26% of respondents reported as saving regularly before taking out their credit union loan, 71% said that they would continue to save regularly throughout the year after paying back the loan, and that an overwhelming 97% of respondents stated that they found the SAYB approach from credit unions helpful in encouraging them to save; considers that this report underlines the positive and important role played by the 103 credit unions across Scotland in encouraging healthy and sustainable banking, supporting community empowerment and individual entrepreneurship, and tackling poverty and debt, and wishes the credit union sector every success for future strength and growth.
22nd February 2017 Press Release
A new report finds overwhelming evidence that Save As You Borrow (SAYB) schemes by credit unions prove successful in turning people into habitual savers. Research by the Fairbanking Foundation carried out by Ipsos MORI shows that 67% of SAYB users who had no savings, and found it impossible to put money aside, now have plans to save regularly throughout the year as a result of using a Save As You Borrow product.
.….read more
20th February 2017 Jazz FM

Listen to the interview with Antony Elliott…
15th February 2017 Press Release
– Industry-wide report illustrates changing attitudes to customer needs through fintech adoption
– Fintech challenger U Account and Clydesdale’s B Account rated as top current accounts
– Increase of over 50% in ratings for current and savings accounts since 2013
– Despite widespread improvements, credit card issuers proved slower to embrace opportunities to improve financial well-being
.….read more