§ Ms WalleyTo ask the Chancellor of the Exchequer what role he plans for the Friendly Society Movement in increasing savings for those on low incomes. [79393]
§ Ruth KellyFriendly societies have an important role, in competition with other service providers, in providing access to savings products. The Government are committed to encouraging a stronger saving habit in people from low-income groups. That is why we are introducing the Saving Gateway and the Child Trust Fund. Both measures will help develop a stronger saving habit, which should benefit friendly societies. The friendly society movement has played an important role in the establishment of the Child Trust Fund by providing advice and expertise.