All being well? Financial wellbeing, inclusion and risk

Date 05 December 2016
Location RMIT University, Melbourne

A lively panel discussion on financial wellbeing featured Professor Elaine Kempson (UK) and Professor Jerry Buckland (Canada).

Economic security

The focus of policy and practice is shifting from financial inclusion to the broader notion of financial wellbeing. While this term is gaining currency among policy makers and service providers, there is no agreement on what is meant by financial wellbeing. It is a critical time to discuss its definition and relevance as wellbeing measures are being developed to inform policy.

The event was hosted by RMIT University and the Brotherhood of St Laurence with the support of ANZ and RMIT’s Governance, Accountability and Law Strategic Research Priority Area. 

Dr Marcus Banks, Senior Research Fellow, Brotherhood of St Laurence, marcus.banks(at)

Prof. Roslyn Russell, School of Economics, Finance and Marketing, RMIT University, Roslyn.russell(at)

Seminar report

Download the All being well? seminar summary (PDF, 282 KB)


Elaine Kempson

From financial literacy and inclusion to financial capability and well-being: what’s in a name? (PDF, 189 KB)

Elaine Kempson is Professor of Personal Finance and Social Policy Research at the University of Bristol. She has nearly 30 years experience of policy development and research into consumer behaviour and the provision of financial services. The areas of her work that are well known internationally include financial capability, financial inclusion, over-indebtedness and consumer protection.

Elaine is currently working with the European Commission on financial guidance and the national consumer research centre in Norway on a survey of financial wellbeing and its links to financially capable behaviours and other factors such as financial inclusion, income, knowledge, skills and motivations.

Jerry Buckland 

Financial inclusion in Canada and the US (PDF, 174 KB)

Jerry Buckland is Professor of International Development Studies at Menno Simons College in Winnipeg, Canada. His research and teaching areas include research and evaluation methods, financial empowerment (micro-finance / financial inclusion / financial literacy) and community-based development.

Jerry has published extensively on financial exclusion and is working on a new book that explores development projects around the world and is tentatively titled Financializing Human Development.

Jerry has been active in payday lending regulation debates in Canada and in 2015–16 he participated in a major regulatory hearing. He has completed research contracts for several federal and Manitoba government departments, made numerous presentations in academic and popular forums, and is interviewed regularly by major media outlets such as CBC and the Globe and Mail.

Jack Noone

An Australian framework for financial wellbeing (PDF, 960 KB)

Dr Jack Noone is a Research Fellow at the Centre for Social Impact, a collaboration of the University of New South Wales, Swinburne University of Technology and the University of Western Australia. His research interests lie at the intersection of healthy ageing and structural disadvantage, with a focus on outcome measurement across the life course. He is one of the chief investigators on a research project developing an Australian framework for financial wellbeing.

The Brotherhood of St Laurence (BSL) acknowledges and understands its obligations under the UN Convention on the Rights of the Child and recognises that all children and young people have the right to be treated with respect and care, and to be safe from all forms of abuse. BSL has a zero tolerance towards child abuse.
Read the official statement signed by the Executive Director.

The Brotherhood recognises the harm that family violence causes and that freedom from violence is a basic human right.
We will support our staff, volunteers, clients and the community if they experience violence.

Find out more about the work of the Brotherhood
Australian Aboriginal flag, a yellow circle on two horizontal black and red stripes

The Brotherhood of St Laurence acknowledges and recognises the Traditional Owners of the land upon which we live and work, and we pay our respects to their Elders both past and present.

Torres Strait Islander flag, an icon of a traditional headdress on blue, black and green stripes