Evaluation Scotland Wales

10.7 million adults rarely or never save, and 11.5 million adults have less than £100 in savings

People and saving

Developing a savings habit and a positive attitude towards saving is an essential part of improving financial resilience. The UK is a nation of spenders rather than savers, so financial capability interventions need to promote a saving culture and help people to integrate saving into their day-to-day money management and their longer term goals, such as buying a home and starting a family.

Latest News

  • 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

Help to Save explained

The Money Advice Service guide explains who can get a Help to Save account, how to pay money into it and how the bonus payment works.

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How can we encourage people to save, and to save more?

This review highlights the most recent, relevant and available research about how and why people save. It focuses on how we can promote ‘rainy day’ savings habits.

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Nest sidecar savings trial launch

Pensions provider Nest is working with employers to test whether joining up pensions and short-term savings can create a better savings balance, and enhance the financial wellbeing of workers.

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Savings strategy

Persistent under-saving in the UK is a key issue for working-age adults, and has been highlighted this as a key issue to address. The Strategy will focus on: reducing the barriers that prevent people from saving, making it easier for more adults to start saving or to save more regularly, and helping more people to build a buffer against financial shocks.

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Life stages across the UK