LJMU hosts The Northern Money Conference
10 July 2012
A range of expert speakers including representatives from the Government, universities, charities and the housing, money advice and credit union sectors gathered at The Northern Money Conference 2012, held at the Art and Design Academy.
The event was organised by LJMU’s Research Unit for Financial Inclusion in the Faculty of Health and Applied Social Studies, the Association of British Credit Unions Ltd, and sponsored by The Co-operative Bank. It has grown to become the largest conference in Britain addressing issues concerning the financial health and wellbeing of low and moderate-income households.
Organisations and agencies with an interest in supporting the financial stability of low and moderate income communities in Britain met to discuss a range of issues including encouraging saving, partnership approaches to the challenges of welfare reform, modernising credit unions, reaching out to socially excluded people and the future of money advice.
The Research Unit for Financial Inclusion regularly publishes research into the low-income credit market, the delivery of debt advice services, financial education and the development of the British credit union system. A recent report in collaboration with Policis, a social and economic research consultancy, revealed the extent and dynamics of the financial pressures on low income households and their frequent need to borrow. Almost seven in ten (69%) low-income households, comprising 10.55 million individuals regularly use credit.
LJMU's Dr Paul A Jones said:
"This Conference links closely to research undertaken by the LJMU Research Unit for Financial Inclusion. Over the last year, RUFI has carried out research into access to affordable credit on a low income, the strengthening of the credit union and social finance sector, the expansion of debt advice services and the development of financial services for the homeless and those in the criminal justice system."
The Conference was also supported by Liverpool City Region, Child Poverty and Life Chances Commission.
Above photo - Left to right: Robin Lawler, Chief Executive, Northwards Housing and President, Chartered Institute of Housing, Colin Purtill, Financial Inclusion Manager, Department for Work and Pensions, Dr Paul A Jones, LJMU Research Unit for Financial Inclusion and Conference Chair and Mark Lyonette , Chief Executive, ABCUL.
Above photo - The Co-operative Bank were the Conference sponsors. Representatives included: Caroline Kanso,Relationship Manager, Social Banking Unit , The Co-operative Bank, Gregory Sheen, PhD student at LJMU’s Research Unit for Financial Inclusion, David Sanderson, Sales Manager, Co-operative Electrical, Barbara Hodgson Regional Manager, North & Midlands,Charity & Social Enterprise Banking, The Co-operative Bank and David Ablett, Partnership Manager, The Co-operative Financial Services.
Above photo - Also attending the Conference was Nicola Taggart, an LJMU Enterprise Fellowship Programme graduate, who has created art workshops through her business Tag-Art to raise awareness about problems involving loan sharks in communities and to promote local credit unions. Nicola is a freelance artist and community art workshop leader, most of her community projects link up with other organisations to help to use art to deal with issues affecting the local communities. She has worked with the Central Liverpool Credit Union as part of this and is pictured with Eileen Halligan, Central Liverpool Credit Union Manager and Luke Brennan an Archbishop Beck High School student on work placement at Central Liverpool Credit Union.
The LJMU Research Unit for Financial Inclusion provides Independent research into issues central to the development of credit unions, co-operatives and social enterprise, and to the future of low and moderate-income consumer finance.