Evaluation Scotland Wales
The UK Strategy for Financial Wellbeing is taking forward the work of the Financial Capability Strategy Opens in a new window

22.5 million working-age adults have not done very much or at all to plan their finances for retirement

Retirement planning

According to the Department for Work and Pensions, 12 million of us are not saving enough for retirement. This is an area that has undergone significant change, with the introduction of workplace pensions automatic enrolment and new freedoms around how people can use their pension savings. While automatic enrolment will see more people saving into pensions, some people will need to save more to have an adequate income in retirement. The ability to access pension money from age 55, and have the freedom to make their own income choices, may also have an impact on later life.

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  • Friday 2 August 2019

    Developing financial rules of thumb: MAS responds to the Financial Advice Market Review

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Financial capability in action

Webinar: financial wellbeing in the workplace

Hays Recruitment share how they approached this issue with management and employees, and demonstrate that you don’t need big budgets or massive resources to make effective change.

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How retail banking can improve financial capability

Much is being done by financial services to help customers build financial wellbeing, and there’s more to do. A Money and Pensions Service report shares good practice and recommendations.

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Consumer engagement: barriers and biases

Policy makers are increasingly viewing behavioural techniques as a means to helping people make better decisions and achieve better outcomes. A number of behavioural techniques are now being used in the pensions environment to promote saving.

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Retirement planning strategy overview

The Strategy reflects the unique challenges people face when saving into a pension, making decisions about retirement income, and managing retirement savings throughout life, working with employers and leading the co-ordination of collaborative efforts to provide better access to pension information and improving the consumer retirement journey.

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Life stages across the UK