UK Finance, the banking trade body, has called on the next government to produce polices that would promote growth and further financial engagement.
The lobby group has called for financial education to be delivered through the school curriculum and a cross-government task force to tackle financial abuse in its financial services manifesto. It added that, among voters, 80 per cent supported better financial education at school.
The group is also calling for improved policies around frauds and scams. It has said that technology, social media and telecoms companies should contribute to the cost of tackling economic crime and fraud reimbursement, after the payments watchdog introduced rules that will require mandatory reimbursement in cases of authorised push payment fraud.
It is also calling for legislation to