"Making Savings Affordable" Report
Produced ahead of the 2018 and 2019 Auto-Enrolment contribution increases, this report examined what rising pension contributions would mean for household budgets — and what a best-in-class financial wellness model needed to look like in response.
The core challenge it identified remains as relevant as ever: millions of UK consumers want to save but have never been equipped to do so. With cost of living pressures now more acute than at any point in recent memory, the financial wellness frameworks explored in this report provide a practical, evidence-based foundation for anyone working to improve consumer financial resilience.
Millions of UK consumers want to save — but they’ve never been shown how.
The report looks in detail at how providers, advisers and technology companies can help consumers find room to save — even in difficult economic conditions — to ensure that contribution increases are met, opt-out rates stay low and providers retain the assets they’re counting on.
At its heart, the report asks: what does a genuinely effective financial wellness model look like? We examined the evidence and built a detailed picture of what ‘best of breed’ actually means in practice.
What this report covers:
- The scale of the UK savings gap and the opportunity for providers
- The impact of Auto-Enrolment contribution increases on household budgets
- What a ‘best of breed’ financial wellness model looks like, covering:
- Personal Financial Management
- Financial wellness and better budgeting
- Short and long-term savings goals
- Smarter spending (discounts, rewards and geo-location)
- Smarter saving (micro-savings, comparison services, consumer-led saving)
- Debt management
- Risk analysis
Subscription Costs
Making Savings Affordable report (one off purchase):
£5,000 + VAT
Optional Extra:
Half day workshop to review report and identify priorities with two FTRC consultants:
£2,000 + VAT
(meeting in London or via video conference – please contact us for onsite pricing)
For more details, or to order the report, please contact FTRC on:
Telephone: 020 3740 0000
Email: [email protected]