Financial Mutuals Arrangements Bill

I agree. That is a very important point, because the thrust of our efforts is to try to eliminate financial exclusion. When we look into why many people do not take up the opportunities that are now available in this modern consumer society, we discover that the reason is their resistance to what they perceive to be the motivation of the organisations concerned. Charging people for gaining access to their cash reinforces those negative stereotypes. If the financial institutions were to eliminate such negative stereotypes and give a more positive image to those who currently do not make use of the financial services sector, that would benefit them in terms not only of their public reputation, but of their bottom line.