Nearly 6m people in the UK are invisible to the financial system

"Almost 6m people in the UK are “invisible” to the financial system, causing them to be excluded from mainstream financial products and services, a new report has found.
Analysis of user data by Experian, a credit reference agency, revealed that 5.8m people in the UK have little or no financial information linked to them. These so-called “invisibles” can find themselves barred from the services that most people take for granted, or paying higher costs to access them.
Experian said it was not just those on the poorest incomes who were affected. “These people come from a variety of backgrounds — including families on average incomes, middle-aged adults with low incomes and pre-retirement households,” said James Jones, head of consumer affairs at Experian for the UK."
Source:  NewsCabal, 9th November 2018
(Story was originally in the FT)