Tackling Britain's Poverty through Workplace Savings
Ambitious reform is required to tackle Britain's entrenched poverty, according to the cross-party Poverty Strategy Commission.
The Commission, chaired by Baroness Philippa Stroud, proposes a new social contract built on mutual obligation and shared responsibility.
Workplace Savings as a Solution
The report highlights the importance of scaling workplace savings solutions, referencing the work of Nest Insight.
- Boosting saving behaviours
- Addressing financial exclusion
- Supporting greater household resilience
The evidence behind opt-out workplace savings tools is conclusive and robust.
No other approach to supporting savings has been shown to be as effective.
Author's summary: Workplace savings can help tackle Britain's poverty.