Nest Insight have today published the first of a series of briefing papers on their sidecar savings trial.
Michael Royce, Senior Policy and Proposition Manager at the Money and Pensions Service said:
“Evidence suggests that being able to build short-term savings for goals and emergencies is a key component of financial wellbeing. But we also know that many barriers to saving exist which is why we’re proud to be co-funding Nest Insight’s sidecar savings trial. This work is an important part of our ambition to build a Nation of Savers. As part of our UK Strategy for Financial Wellbeing we want to see 2 million more people saving regularly by 2030.”
-ENDS-
For media enquiries contact:
- MaPS Press Office 020 8132 5284 / media@maps.org.uk
- Ben Infield, press officer 020 8132 4696 / benjamin.infield@maps.org.uk
About the Money and Pensions Service
The Money and Pensions Service (MaPS) vision is: ‘everyone making the most of their money and pensions.’
MaPS is an arm’s-length body sponsored by the Department for Work and Pensions (DWP), and it has a joint commitment to provide access to the information and guidance people across the UK need, to make effective financial decisions over their lifetime.
The organisation also engages with HM Treasury on policy matters relating to financial capability and debt advice.
MaPS brings together the free services previously delivered by the Money Advice Service, The Pensions Advisory Service and Pension Wise. MaPS offers customers guidance and appointments over the telephone, online and in person.
For further information visit the Money and Pensions Service website www.moneyandpensionsservice.org.uk
Consumers can continue to access free guidance about their money and pensions via the following websites and helplines:
www.moneyadviceservice.org.uk / 0800 138 7777