The Church of England has launched a program encouraging responsible financial practices, providing advice services to congregants in parishes across the UK.
The Church Credit Champions Network will be piloted in the dioceses of London, Southwark and Liverpool and aims to “train up church members to offer responsible advice on financial matters”, according to a BBC report.
In addition, the report says the program will “encourage consumers to use credit unions rather than payday lenders” following the “Archbishop of Canterbury’s criticism of payday lenders in July last year”.
"We still see the effects of payday lending on deprived communities and the way they exploit people's need for credit," said spokesperson David Barclay. "We need alternatives.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 16 Mar 2018CBA CEO pushed for FOFA extensionBy James Mitchell and Aleks Vickovich
- 16 Mar 2018CPA dealer group clashes with FASEA requirementsBy Katarina Taurian
- 16 Mar 2018NAB launches virtual assistant for superBy Staff Reporter
- 15 Mar 2018IFA-focused platforms open to new strategiesBy Staff Reporter
- 15 Mar 2018Deakin eyes advisers to fill staff demandBy Killian Plastow
- 15 Mar 2018Adviser Innovation Summit 2018 agenda announcedBy Staff Reporter
- view all