Consultation display
Financial Education and Inclusion (Wales) Bill
- This consultation has completed. It ran from Monday, 28 July 2014 to Friday, 3 October 2014
- View the background to this consultation
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Response to the consultation
Evidence submitted in response to this Consultation
- FEI 01 NUT Cymru PDF 198 KB
- FEI 02 Wales Co-operative Centre PDF 173 KB
- FEI 03 ADEW PDF 52 KB
- FEI 04 Wales Illegal Money Lending Unit PDF 153 KB
- FEI 05 Association of British Credit Unions Limited PDF 1 MB
- FEI 06 ASCL Cymru & NAHT Cymru PDF 88 KB
- FEI 07 Citizens Advice Cymru PDF 591 KB
- FEI 08 Estyn PDF 110 KB
- FEI 09 Conwy BIG Community Voice PDF 358 KB
- FEI 10 The Money Advice Service PDF 580 KB
- FEI 11 Minister for Education and Skills PDF 584 KB
- FEI 12 Minister for Communities and Tackling Poverty PDF 1 MB
- FEI 13 The Money Charity PDF 635 KB
- FEI 14 Community Housing Cymru Group PDF 204 KB
- FEI 15 Conwy County Borough Council PDF 110 KB
- FEI 16 City & County of Swansea - Swansea Financial Inclusion Steering Group PDF 270 KB
- FEI 17 Auditor General for Wales PDF 568 KB
- FEI 18 Flintshire County Council PDF 92 KB
- FEI 19 Financial Inclusion Together Project Board PDF 346 KB
- FEI 20 ATL Cymru PDF 128 KB
- FEI 21 The National Voice for Lifelong Learning - NIACE Cymru PDF 120 KB
- FEI 22 CollegesWales PDF 1 MB
- FEI 23 Wrexham County Borough Council PDF 351 KB
- FEI 24 Children's Commissioner for Wales PDF 682 KB
- FEI 25 Action for Children PDF 229 KB
- FEI 26 Minister for Public Services PDF 2 MB
- FEI 27 Minister for Health and Social Services PDF 1 MB
- FEI 28 Welsh Local Government Association PDF 149 KB View as HTML (29) 31 KB
Purpose of the 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 will improve financial capability amongst school-age (age 8-16)
children and young people by making it a legal requirement that financial
education is included in the school curriculum (sections 4 to 7 in the
Bill).
- The
Bill will strengthen the role of local authorities in helping people avoid
falling into financial difficulty, by requiring local authorities to adopt
a financial inclusion strategy (sections 8 to 10 in the Bill).
- The
Bill will give local authorities duties in respect of providing advice and
arranging for advice about financial management, both generally and
specifically to looked after children aged 16 or 17, to former looked
after children and to students (sections 11 to 13 in the Bill).
The
Bill and the Explanatory Memorandum can be found on the Assembly’s website at
the following address:
www.senedd.assemblywales.org/mgIssueHistoryHome.aspx?IId=9333
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:
To
consider:
- the
general principles of the Financial Education and Inclusion (Wales) Bill
and whether there is a need for legislation to deliver the Bill’s stated
policy objectives;
- the
key provisions set out in the Bill and whether they are appropriate to
deliver its stated purposes;
- the
potential barriers to the implementation of the key provisions and whether
the Bill takes account of them;
- the
financial implications of the Bill (as set out in Part 2 of the
Explanatory Memorandum (the Regulatory Impact Assessment, which estimates
the costs and benefits of implementation of the Bill); and
- the
appropriateness of the powers in the Bill for Welsh Ministers to make
subordinate legislation (as set out in Page 47 to 48 of the Explanatory
Memorandum).
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:
- your response should
address the issues before the Committee, and should be brief (no more than
4 or 5 pages). Please reference your response using the title applied
above;
- the National Assembly
normally makes responses to public consultation available for public
scrutiny and they may also be seen and discussed by Assembly Members at
Committee meetings. If you do not want your response or name published, it
is important that you clearly specify this in your submission;
- please indicate whether you
are responding on behalf of an organisation, or as an individual; and
- please indicate whether or
not you would be prepared to give oral evidence to the Committee. (For
your information, the Committee is likely to be taking oral evidence
during September and October 2014).
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.
Supporting documents
Contact details
Should you wish to speak to someone regarding this consultation, please use the below contact details:
Children, Young People and Education Committee - Fourth Assembly
Welsh Parliament
Cardiff Bay
Cardiff
CF99 1NA
Email: Contact@senedd.wales
Telephone: 0300 200 6565