Our Partners include
IRIS Concise conducted research on behalf of FairBanking among 334 young workers aged 18-29, and 320 families aged 25-39 with a household income of between £15k and £60k.
Interviews were conducted online, and recruited from GMI's consumer panel. All respondents were screened to ensure that consumers with a range of household debt levels (defined by the ratio of unsecured borrowing to income) were interviewed.At the analysis phase, regression was employed to establish the statistically significant drivers of financial well-being.
FairBanking’s last two reports identified the drivers to financial well-being and assessed all UK current accounts, credit cards and savings accounts to measure the financial well-being they deliver. This analysis is now being updated via the largest survey of banking products ever conducted in the UK. The results will be published in the spring of 2011.
In parallel, the Foundation is launching the ‘Fairbanking Mark’ accreditation scheme.
This quality mark programme will be an important step in helping consumers to identify products that have been rigorously tested for the financial well-being they can deliver. Crucially, it will provide a powerful incentive for banks to compete through continual improvement of their products in ways which will truly benefit their customers
