Evaluation Scotland Wales

Money Advice Service research shows that around two fifths of Scottish adults aren’t confident managing their money


In Scotland we are working together across sectors to:

  • increase the number of people taking up basic money advice products and ensure the needs of vulnerable groups are met
  • help people develop their knowledge and prepare young people for financial challenges in adult life
  • increase the proportion of people with problem debt seeking help and provide better support for affordable credit
  • increase the number of people with a savings buffer and improve retirement planning.

Scotland Strategy

The Scotland Strategy and its action plans were developed in consultation with a wide number of stakeholders across Scotland including the Scottish Government, local government, public bodies, the advice sector, housing associations, third sector organisations and financial services providers. It sets out how the Money Advice Service will work with the sector to improve financial capability.

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Scotland forum

Latest News

  • Monday 11 February 2019

    The Money Advice Service publish guidance for customers with persistent credit card debt

    Read more
  • Thursday 10 January 2019

    Single Financial Guidance Body responds to pensions cold-calling ban

    Read more
  • Tuesday 1 January 2019

    New Single Financial Guidance Body (SFGB) gets down to work

    Read more

The Strategy across the UK

As well as the UK Strategy, there are strategies for Northern Ireland, Scotland and Wales.

Financial capability in action

Usage and experiences of high-cost credit: consumer research report

Five per cent of adults in Scotland have used high-cost short-term credit in the last year. The Financial Conduct Authority commissioned PwC to conduct research to explore consumers’ use and experience of high-cost credit products.

Read the report

Calls to Action: setting a new vision for financial capability

Five new Calls to Action have been announced as part of The Financial Capability Strategy’s ambitious vision of how, together, we could move effectively towards a more financially capable nation.

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Income roulette: a study of UK financial resilience

Every year, almost one million people in the UK are unable to work for a month or more because of sickness or an accident. A study by insurers LV examines the sections of society most vulnerable to financial difficulties in the event of a sudden loss of income.

Learn more