Evidence submitted in response to this Consultation
The Children, Young People and Education Committee is calling for evidence on the general principles of the Financial Education and Inclusion (Wales) Bill. To assist with its consideration, the Committee would welcome your views on this subject.
What is a Bill?
A Bill is a proposed law. Once a Bill has been considered and passed by the Assembly and given Royal Assent by the Queen, it becomes an “Act of the Assembly”.
There is a four stage process for the consideration of a Bill. Stage 1 involves consideration of the general principles of the Bill by a committee (which includes taking of written and oral evidence from interested parties and stakeholders), and the agreement of those general principles by the Assembly.
What does this Bill seek to achieve?
The primary policy objective of the Bill is to equip people in Wales with the necessary financial knowledge and capability they need to manage their financial circumstances effectively. In doing so, the proposals will help to increase prosperity in Wales by improving the financial education and capability of its citizens.
The Bill‘s proposals fall into three broad categories:
The Bill and the Explanatory Memorandum can be found on the Assembly’s website at the following address:
What is the committee’s role?
The role of the committee is to consider and report on the general principles of the Bill. In doing so, the Committee has agreed terms of reference, which are:
Invitation to contribute to the inquiry
The Committee would like to invite you to submit written evidence to assist in its scrutiny of the Bill. In particular, we would welcome your views on the questions listed in Annex 1.
If you wish to submit evidence, please send an electronic copy of your submission to CYPCommittee@wales.gov.uk and entitle the e-mail “Consultation – Financial Education and Inclusion (Wales) Bill.”
Alternatively, you can write to:
Sarah Bartlett, Deputy Clerk
Children, Young People and Education Committee
National Assembly for Wales
Cardiff Bay, CF99 1NA.
Submissions should arrive by 3 October 2014. It may not be possible to take into account responses received after this date.
When preparing your submission, please keep the following in mind:
The Committee welcomes evidence from those with an interest in this subject. If you are responding on behalf of an organisation, please provide a brief description of the role of your organisation. The Committee welcomes contributions in English and Welsh and we ask organisations with Welsh Language policies/schemes to provide bilingual submissions, in line with their public information policies.
The Committee will consider responses to the written consultation and hold oral evidence sessions during the above dates.
For your information, the Committee has invited submissions from a wide range of organisations, a list of which is available on request. However, the Committee would be grateful if you could forward a copy of this letter to any individuals or organisations that you believe might wish to contribute to the inquiry. A copy of this letter has also been placed on the National Assembly’s website with an open invitation to submit views.
Disclosure of Information
You can find details about how we will use your information at www.assemblywales.org/help/privacy/help-inquiry-privacy.htm. please ensure that you have considered these details carefully before submitting information to the Committee. Alternatively a hard copy of this policy can be requested by contacting the Clerk.
If you have any queries, please contact Gareth Rogers, Committee Clerk or Sarah Bartlett, Deputy Clerk on 0300 200 6565.
Should you wish to speak to someone regarding this consultation, please use the below contact details:
Children, Young People and Education Committee - Fourth Assembly
National Assembly for Wales
Telephone: 0300 200 6565