Not all Alliance Members back every action. For each action we’ll declare which of our Members are involved and support the action.
The administration of the Alliance is led by the Office of Michael Sheen and funded by Michael.
For education the Alliance is exploring how to mainstream financial education and ensuring everyone has a greater understanding of how to manage their finances, understands APR and knows where to get support.
For alternatives we are looking to make the system fairer and more supportive to their specific needs, ensuring capital flow and the wider business needs are supported so they can take on the market providers unfairly targeting consumers who can least afford their products and generally offering fairer finance for all consumers. Further announcements will be made soon on the specific support available to fair providers of finance which will include financial, regulatory, marketing and general support to strengthen their ability to operate at scale.
The Alliance will explore ways to improve the information and skills held at a local and national level by those who support individuals and communities with their financial needs. This includes looking at the wider workforce and equipping them to support and signpost.
Michael will publicly deliver and support a number of campaigns, new products and public debates to ensure the wider public are a fundamental part of our engagement plans.
Together the Alliance members aim to be more strategic in the asks of regulators and policy makers in calling for and seeing through the changes needed to enable a fairer, stronger and more sustainable market for fair finance provision.
Additionally, the Alliance seeks to deliver greater impact through individual members actions by collectively getting behind those actions and doing so in a more strategic, sequenced way.