Evaluation Scotland Wales

People in Wales are more likely to struggle financially, compared to the UK average

Wales

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The Wales Financial Capability Strategy is embedded into the Welsh Government’s financial inclusion strategy and has wider links across the programme for government.

A Wales forum is working together to identify the key priorities and actions in the Wales Financial Capability Strategy, such as:

  • increase the uptake of advice services, particularly among families with children and among older people
  • increase and share learnings from interventions that help people to build financial resilience
  • make sure all financial education in Wales is consistent in all learning environments, for all learners
  • evaluate financial capability interventions in Wales in a way that helps us identify what works well.

Wales Strategy in detail

A key aim of The Strategy will be to listen to and understand more fully the differing capabilities of, or barriers faced by, young adults in order to enable more effective, sustainable and engaging financial capability approaches to be developed.

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Latest News

  • 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
  • Tuesday 11 December 2018

    Welsh Government publishes Financial Inclusion Progress Report

    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

Evaluation report published for ‘Talk, Learn, Do’

Since 2016, our project ‘Talk, Learn, Do’ has been encouraging parents across Wales to talk to their children about money. Read the findings from the pilot.

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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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Supportive Council Tax recovery guidance for local authorities

Council Tax debt is now the most common reason that people seek debt advice. The Money Advice Service has published guidance for supportive Council Tax recovery, including good practice and case studies.

Learn more and download guide