Published alongside our most recent Low Earners Audit this report summarises current statistical data relating to the financial health of low earning households, and complements this with new qualitative data to give a fuller and more accurate picture of financial health.
Financial services play a key role in most people’s lives. This makes the ability to make sound financial decisions an essential life skill, one that enables people to manage their day-to-day expenditure, cope with unforeseen emergencies and plan for their retirement. Such skills are becoming even more important as the financial services market becomes more … Continued
This briefing outlines the Foundation’s recent research into the financial health of low earners and sets out our current work program. The Resolution Foundation has undertaken research into how low earners access financial services, focusing in particular on how to meet their financial advice needs. We produced a proposal for a national generic financial advice … Continued
The Foundation welcomes the opportunity to respond to the Reforming Financial Markets White Paper. To reflect the focus of our work, this memorandum comments on a number of issues in chapter 8 – Supporting and Protecting Consumers – and specifically addresses consultation questions 15 to 21.
The Resolution Foundation welcomes the Thoresen Review of Generic Financial Advice’s (GFA) Interim Report. In particular it welcomes the Review’s intentions to carry out out a local level analysis of existing advice provision. This is important to fully harness the potential of existing local trust relationships, brands and market coverage of hard to reach groups.
This briefing, published in partnership with Transact, explains financial capability and outlines key developments and key policy themes in this area.