Ventures· Living standards· Technological change· Financial inclusion Shock absorbers Innovating to boost financial resilience in Europe 4 May 2021 by Louise Marston This paper reviews the potential for innovation to address financial resilience problems in France, Germany and the UK, emerging from the Covid-19 crisis, and sets out a framework of supply and demand to look at innovative approaches to financial resilience. It applies this framework to France, Germany and the UK, and makes suggestions as to how innovation could best be supported in future. READ MORE
Wealth & assets· Financial inclusion Financial inclusion and financial capability explained 1 August 2009 by Helen Aynsley 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 READ MORE
Wealth & assets· Financial inclusion Financial health 29 July 2009 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 READ MORE
Wealth & assets· Financial inclusion Submission: Resolution Foundation Response to HM Treasury consultation on Reforming Financial Markets 1 July 2009 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. READ MORE
Wealth & assets· Financial inclusion Submission: Foundation response to Thoresen Review Interim Report 17 December 2007 by Patrick Stevens 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. READ MORE
Wealth & assets· Financial inclusion Financial capability 1 November 2007 by Cara Brown This briefing, published in partnership with Transact, explains financial capability and outlines key developments and key policy themes in this area. READ MORE
Wealth & assets· Financial inclusion Financial exclusion 1 November 2007 by Cara Brown 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. READ MORE
Wealth & assets· Financial inclusion Compare and Contrast: how the UK comparison website market is serving financial consumers 11 October 2007 by Claudia Wood 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 READ MORE
Pensions & savings· Wealth & assets· Financial inclusion Submission: evidence to the Work and Pensions Select Committee 2 October 2007 by Sue Regan This memorandum to the Work and Pensions Select Committee for a one-off evidence session on Personal Accounts focuses principally on developments since the Committee’s last report on Personal Accounts and reiterates the importance of generic financial advice in supporting the new scheme. READ MORE
Wealth & assets· Financial inclusion Tackling the financial capability deficit 2 August 2007 by Patrick Stevens 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 READ MORE
Wealth & assets· Financial inclusion Parliamentary Briefing: Committee Stage of the Pensions Bills, the House of Lords 2 June 2007 by Patrick Stevens This briefing draws on the conclusions from the Foundation’s seminar held on 23 May 2007 to discuss generic financial advice and personal accounts, as well as the Foundation’s wider work on this issue. READ MORE
Wealth & assets· Financial inclusion Submission: Thoresen Review consultation response 2 April 2007 by Patrick Stevens This briefing sets out the Foundation’s response to the Thoresen Review’s ‘Call for Evidence’. READ MORE
Wealth & assets· Financial inclusion Submission: financial capability strategy response 1 April 2007 by Patrick Stevens 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 READ MORE
Wealth & assets· Financial inclusion The Advice Gain: the impact of generic financial advice on the financial services industry 14 March 2007 This report summarises the predicted impacts on the financial services industry of improved financial decision making by low and median earners, driven by increased access to financial advice. It is based on economic modelling carried out for the Resolution Foundation by Deloitte. READ MORE
Wealth & assets· Financial inclusion Summary of the Government’s long-term strategy on financial capability 2 January 2007 by Patrick Stevens This briefing summarises the Government’s long term strategy on financial capability as set out in Financial capability: The Government’s long-term approach, a consultation document outlining the Government’s approach to improving financial capability. READ MORE
Wealth & assets· Financial inclusion Generic Financial Advice: evaluating commercial approaches 21 December 2006 by Alan Goodman 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 READ MORE
Wealth & assets· Financial inclusion A Ladder Out of Poverty: from state-dependence to self-reliance 9 October 2006 by David Blunkett 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 READ MORE
Wealth & assets· Financial inclusion A National Dividend: the economic impact of financial advice 15 September 2006 by Patrick Stevens 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 READ MORE
Wealth & assets· Financial inclusion Closing the Advice Gap: providing financial advice for people on low incomes 31 March 2006 by Patrick Stevens 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 READ MORE
Wealth & assets· Financial inclusion Alliance for Health & the Future’s Demographic Study: living in the advice gap 8 February 2006 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 READ MORE
Wealth & assets· Financial inclusion Submission Treasury Select Committee evidence 3 January 2006 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 READ MORE