HM Treasury has published the Financial Inclusion Committee’s terms of reference, list of members and summaries of its meetings, setting out how the committee will coordinate delivery of the Financial Inclusion Strategy to reduce barriers to access to affordable and appropriate financial products and services. The committee is chaired by the Economic Secretary to the Treasury, Lucy Rigby KC MP, and brings together third-sector, industry and government stakeholders, including the Financial Conduct Authority and the Money and Pensions Service. The committee’s remit spans digital inclusion and access to banking services, savings, insurance, affordable credit, problem debt, and financial education and capability, alongside cross-cutting themes such as accessibility, mental health and economic abuse. The terms of reference provide for biannual meetings ahead of the strategy’s two-year review, an HM Treasury secretariat, and ongoing review of membership, with a UK-wide approach and engagement with devolved governments where relevant. Meeting notes from December 2024 to November 2025 cover the establishment of sub-committees on digital inclusion and access to banking, access to credit and access to insurance, and discussions on prioritisation, outcome-based metrics and proposed interventions, including widening access to bank accounts for people with no fixed abode, establishing an Inclusive Design Working Group, supporting emergency savings through workplace savings models, improving debt advice efficiency and scaling the Money Guiders programme, and exploring measures such as a credit union transformation fund, a small-sum lending pilot and a working group on travel insurance for those with pre-existing mental health conditions. A June 2025 meeting note records that HM Treasury officials would begin drafting the strategy for publication in 2025 and would engage members on specific proposals.

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