Fair By Design

We're recruiting for a new Director! We're looking for a talented individual with an outstanding track record of delivering impactful change. People in poverty pay more for essentials such as energy, insurance, credit and even how they pay for things. This is known as the poverty premium. FBD is dedicated to ending the extra costs of being poor. Using your skills and experience you will help us achieve our mission of eliminating the poverty premium by ensuring all its work is persuasive and impactful and that its messages are heard by those in power. https://lnkd.in/djBHbnvh

Barrow Cadbury Trust is looking for a freelancer or creative agency with experience working in social movement contexts to support the Birmingham Economic Justice Alliance in creating a distinct brand identity. Deadline to apply: 11:59pm Sunday 18th August. More info: https://lnkd.in/eSa7i3aU Please share!

Our new research shows low-income drivers can pay up to 48% more for car insurance. Key findings 🧵🧵🧵 1️⃣ People living in the most deprived areas can pay up to £314 more a year for car insurance compared to those in wealthier areas. 2️⃣ Paying monthly for car insurance, rather than in one go, can cost people on low incomes as much as 40% extra (or £384). 3️⃣ People living in more ethnically diverse areas pay around 20% higher (or around £180) than those in less ethnically diverse areas. This is true even if we only look at quotes for areas that are broadly comparable when it comes to crime, collision and deprivation levels Recommendations  Action is needed now to end the car insurance poverty premium. We care calling on the new Labour Government to follow through with its manifesto pledge to act on soaring car insurance costs. Full research: https://lnkd.in/eVqgxYpv  

New Fair By Design and the Personal Finance Research Centre report, as covered in the Sunday Mirror, shows that low-income drivers can pay up to 48% more for car insurance. Full story here ⬇️⬇️ https://lnkd.in/e8hhQcgM

Today Fair4All Finance's new research shows 20.3 million people are now living in financially vulnerable circumstances across the UK, up by 16% from 17.5 million in 2022.    Good to see them calling attention to the poverty premium, which is costing the country a staggering £2.8bn per year.  

“We’re encouraged to look to the market to solve our needs, but what if the market doesn’t want you? What if the market tells you you’re too costly to serve… you’re excluded, and you pay more.” Our Director Martin Coppack speaking at the @Fair4AllFinance #ficonf24

If you’re in attendance come see us at the Fair4AllFinance conference ‘Building Financial Inclusion Together.’ Looking forward to chatting to attendees about how tackling the poverty premium must be a key part of financial inclusion. #ficonf24

Which? and a coalition of consumer groups and energy firms are urging Ofgem to ensure loyal customers are able to access the same energy deals as new customers. The Ban on Aquisition only Tariffs (BAT) was introduced by Ofgem in April 2022. It has played a vital role in delivering fairer outcomes for customers by ensuring loyal customers are able to get the best deals. It also ensures that millions of customers in debt, who may not be able to switch to a new firm for months or even years, are able to access a better deal with their current supplier. Removing the (BAT), as proposed from this October, risks exacerbating the loyalty penalty and unsustainable business practices. #ConsumerRights With Citizens Advice, End Fuel Poverty Coalition, Fair By Design, E.ON Octopus Energy, Rebel Energy UK and So Energy

We're calling on the next Government to end the poverty premium. Here are some key policy proposals that could make it happen.

We’re part of a coalition with Which? urging Ofgem not to lift the ban on acquisition-only energy tariffs. If Ofgem did lift the ban, it could lead to existing customers being excluded from the best deals and risk opening the door to loyalty penalties.