The Commonwealth Bank is one of the founding members of the FIAP Program, having launched their Foundation FIAP in 2016. Since the launch of their Foundation FIAP, CBA has increased its focus on financial wellbeing, developing a Financial Wellbeing Score and partnering with Good Shepherd to launch the Financial Independence Hub, a free and confidential service supporting people who have experienced financial abuse to feel more confident with money and plan for the future.
“Our FIAP aims to ensure as many people as possible have access to affordable and appropriate financial resources – and the capability to make the most of those resources. It is designed to build people’s financial resilience and ultimately secure their financial wellbeing, regardless of gender, culture, sexual orientation, age, disability or financial vulnerability. Among other things, it also deepens our focus on the economic security of women.” Ian Narev, CEO (2016)