Financial Policy

  • Financial Policy

    "Finance for growth"

    We believe the financial industry needs to change but in a way that allows it to continue to make a vital contribution to the UK economy. We seek to promote a constructive and vigorous debate to promote the policies that can allow this to happen.

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    About Financial Policy
  • Board Rules

    The solutions proposed and enacted by the government to drive up the standards of corporate governance among UK companies amount to little more than, “a damp squib”. This report recommends that investor representatives should be appointed to board nomination committees and that CEOs should be banned from such bodies.

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    Corporate governance
  • Help to Save

    11 million people are at risk of entering ‘pensioner poverty’ when they retire. With the average pension pot standing at £36,800, a person will need to save six and a half times more to reach the £240,000 required for a decent retirement income. Help to Save calls for government to make it obligatory for people to save for their retirement by removing the opt-out in the existing auto-enrolment scheme, while also increasing individual contributions to pensions as their incomes rise over time.   Read more

    Pensions
  • Privatising the Banks

    Creating a new generation of shareholders

    Privatising the Banks examines four scenarios for the state to sell off RBS and Lloyds, arguing that the best approach will be a mass share distribution coupled with sales to retail and institutional investors. Under the mass share distribution, applying taxpayers will receive shares worth £1,100-£1,650 on a no upfront cost, no risk basis.

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    Privatising the Banks
  • Capital Requirements

    Gold plate or lead weight?

    Bank lending to private companies in the UK has fallen in every single year since the financial crisis, dropping a staggering £57 billion since 2008. Capital Requirements: Gold plate or lead weight? says that the primary reason for this lack of credit is due to the financial regulator’s desire to raise the capital requirements of UK banks.

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    Capital Requirements

Latest Financial Policy In the news

Latest Financial Policy Publications

  • 11 April 2014 | Board Rules: Improving corporate governance

    • Board Rules: Improving corporate governance, reveals that the solutions proposed and enacted by the government to drive up the standards of corporate governance among UK companies amount to little more than, “a damp squib”. The report recommends that investor representatives should be appointed to board nomination committees and that CEOs should be banned from such bodies.

  • 22 January 2014 | Help to Save: Defusing the pensions time bomb

    • 11 million people are at risk of entering ‘pensioner poverty’ when they retire. With the average pension pot standing at £36,800 a person will need to save six and a half times more to reach the £240,000 required to generate the government’s recommended retirement income of £16,200. Help to Save calls for government to make it obligatory for people to save for their retirement by removing the opt-out in the existing auto-enrolment scheme while also increasing individual contributions to pensions as their incomes rise over time.

Latest Financial Policy blogs

  • 10 April 2014 | The boardroom debate needs to move beyond gender

    • Emily Redding, Financial Policy Research Fellow at Policy Exchange, outlines the main arguments in her report, Board Rules: Improving Corporate Governance. Emily argues that the focus on making boards more gender representative has skewed the debate away from how we can get more people with a diversity of appropriate skills and experience onto boards.

  • 20 March 2014 | From pensions to living standards – what the Chancellor should do next

    • Nick Faith, Policy Exchange's Director of Communications, argues that while Budget 2014 was a great success, the Chancellor should not be complacent if his party seeks to govern alone post-2015. Nick argues that the Conservatives need an iconic policy that will link economic growth to rising living standards. He suggests creating a new generation of shareholders by distributing government-owned shares in Lloyds – as we called for in our report Privatising the Banks – as one such policy.

Latest Financial Policy Event

  • 11 March 2014 | Help to Save: Defusing the pensions time bomb

    • Having enough money to live on in retirement should be something that everyone desires, yet in the UK we simply do not save enough to even get close. With the proportion of the population over 65 likely to reach nearly a quarter by 2050, such undersaving is a timebomb for the public finances. In most cases, the Government’s auto-enrolment scheme falls short of helping people to save enough to meet the recommended retirement income of around £16,000.

  • 01 October 2013 | (Conservative Conference) Reviving SME Lending: Who is helping small business grow the economy?

    • With Becky Barrow, The Daily Mail (CHAIR), Margot James MP, James Barty, Policy Exchange, Anthony Browne, British Bankers' Association, Ian Henderson, Shawbrook Bank and Nora Senior, British Chambers of Commerce.