The coverage in the press about the reforms to annuities announced in the recent Budget was almost universally positive – indeed in some quarters it verged on euphoria. Few commentators – even consumer representatives – seemed to raise many concerns … Read More
The phenomenon that is ‘Big Data’ is much discussed these days so I thought it would be worth giving an overview of what this might mean for consumers. Big Data is not new. Quantum physicists, meteorologists, astronomers, geneticists and, of … Read More
The Financial Inclusion Centre (The Centre) believes that the UK financial markets need to be reformed so they are fair, efficient and inclusive and work for society not just the few. We would argue that these objectives can be best … Read More
In my view, the issue of effective competition and value for money has not been given enough attention in the investment industry. Value and efficiency in investment industry is critical for two main reasons. Firstly, the new economic and financial … Read More
Now that the big reforms to financial advice have come into force with a new system of charging and with advisers having to be better qualified consumer advocate Mick McAteer asks three big questions. Will the reforms work? Given the … Read More
Mick McAteer is a consumer advocate. He is Director of the Financial Inclusion Centre which campaigns for fair,inclusive, and efficient financial markets www.inclusioncentre.org.uk. The Centre is interested in two main groups of consumers: the 'underserved'- those who could be saving, insuring or providing for the future but aren't and the chronically financially excluded who are not commercially viable for mainstream financial services and need alternative, innovative financial solutions. He is also Chairman of the European Commission's Financial Services User Group (FSUG) and on the board of the Financial Conduct Authority. He was with Which?, Europe's largest consumer organisation for 13 years. Follow him on Twitter @MickMcAteer
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