Wealth & assets
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Financial inclusion

Financial inclusion and financial capability explained

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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

Wealth & assets
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Financial inclusion

Financial health

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

Wealth & assets
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Financial inclusion

Submission: Foundation response to Thoresen Review Interim Report

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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. 

Wealth & assets
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Financial inclusion

Financial exclusion

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This briefing, published in partnership with Transact, defines ‘financial exclusion,’ explains the costs of financial exclusion and sets out the key developments and policy themes in this area in the last decade.

Wealth & assets
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Financial inclusion

Compare and Contrast: how the UK comparison website market is serving financial consumers

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This report examines comparison websites offering comparative information regarding financial products. The objective was to provide a representative snapshot of the sector to inform our analysis of how well the sector is serving consumers, particularly those on low to media incomes and to identify areas that could be improved in light of the wider policy … Continued

Wealth & assets
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Financial inclusion

Tackling the financial capability deficit

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This briefing sets out the evidence from a new poll commissioned by the Resolution Foundation from YouGov. The poll suggests that people in the UK are in a poor state of financial health, with parents in particular concerned about how their children will cope with the financial decisions they will face and large numbers of … Continued

Wealth & assets
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Financial inclusion

Submission: financial capability strategy response

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This briefing sets out the Resolution Foundation’s response to the Government’s long term strategy on financial capability. This is a vital area of policy and we commend the steps taken in this strategy to improve the coordination of financial capability activity in the UK and investigate further the feasibility of a national generic financial advice … Continued

Wealth & assets
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Financial inclusion

Generic Financial Advice: evaluating commercial approaches

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This report analyses whether generic financial advice services could be provided on a commercial basis and, if so, what form they would take and which sections of society they would serve. The report is based on previous research, interviews with practitioners in the industry, the regulator and other interested organisations, and the author’s experience in … Continued

Wealth & assets
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Financial inclusion

A Ladder Out of Poverty: from state-dependence to self-reliance

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This briefing makes the case for a modern welfare state that tackles inequality of wealth as well as inequality of income, and promotes self-reliance in the place of dependency. The pamphlet argues that to successfully address inequality and poverty it will be necessary to bring together all existing initiatives and potential ideas into a coherent programme, … Continued

Wealth & assets
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Financial inclusion

A National Dividend: the economic impact of financial advice

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This report evaluates the case for developing a national advice resource to provide impartial, generic financial advice targeted at people on low to moderate incomes. It is based on modelling commissioned from Deloitte & Touche LLP to assess the impact of receiving financial advice on financial outcomes for individuals in this income group and the … Continued

Wealth & assets
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Financial inclusion

Closing the Advice Gap: providing financial advice for people on low incomes

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This report examines the demographic and financial characteristics of people on low to moderate incomes and investigates whether a new national resource could be established, funded through a public-private partnership, to provide generic financial advice targeted at this group. The report draws together findings from quantitative and qualitative analysis of low earners and service delivery … Continued

Wealth & assets
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Financial inclusion

Alliance for Health & the Future’s Demographic Study: living in the advice gap

This report, a partnership between the Alliance for Health in the Future and the Future Foundation, details the results of research into the social and economic profile of low earners for the Resolution Foundation. These individuals are largely independent of state support, but are not a profitable group for the financial services industry to want … Continued

Wealth & assets
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Financial inclusion

Submission

Treasury Select Committee evidence

This briefing presents the Foundation’s evidence to the Treasury Select Committee inquiry into financial inclusion. The focus of this submission is on the vital and challenging issue of access to financial advice, particularly for basic rate taxpayers on less than average income. They have both the most to gain from getting financial decisions right and … Continued

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