Our Policy & Research Work

Our Policy & Research work complements our main objective of directly helping people of all ages to stay on top of their money. It keeps the profile of Financial Education and Financial Wellbeing high on the agenda, influencing policy-makers, regulators and key decision-makers.

We focus our Policy work on six key areas:

  • Financial Capability
  • Credit and Debt
  • Financial Inclusion
  • Financial Regulation
  • Student Finance
  • Tax and Benefits

As we believe everyone should develop the skills to manage their money effectively, Financial Capability is a central policy theme for us.

We think that support should be available to people throughout their lives as their needs change and grow, so the way in which this is delivered is hugely important from our perspective.

Low levels of Financial Capability increase the risk of someone getting into unmanageable Debt and undermine efforts to promote Financial Inclusion, so our policy work encompasses these areas.

Robust Financial Regulation is important as well, by ensuring that the market for financial products operates fairly and transparently, as well as enabling consumers to make informed decisions about their money.

The way in which Student Finance works frames the way that many Young People approach one of the first major financial decisions of their life. We therefore feel that the way in which it operates should promote positive financial behaviour. We want to see student maintenance payments made monthly, not termly, to reflect the world of work (and rental payments).

Finally, the Tax and Benefits System has a big influence on how people engage with their money, so it’s vital that people understand how it works in a way that supports good money management. The rollout of Universal Credit, for example, means people have to take greater ownership of their money and claimants will need support to adapt to these changes.

From the school curriculum to pensions, we regularly engage with government departments, regulators and other organisations on a wide range of issues through Consultation Responses. Our focus is on ensuring that policies support people to manage their money, prevent them from getting into financial difficulty, as well as to help them if this does happen.

We also produce a monthly report with the latest statistics around debt, personal finance and more, The Money Statistics. The report is widely used by regulators, trade associations, the media and the third sector, providing an objective viewpoint of, and lots of useful information about, the current situation in the UK.

We are developing our Policy in each of the above areas in greater detail, as well as undertaking more research to highlight the importance of staying on top of your money. If you want to find out more, please contact us.