As set out in the government’s Financial Inclusion Strategy, the National Employer Coalition for Workplace Saving has been established to increase the number of UK working age adults who have emergency savings, in order to help them become more financially resilient.
Over the coming years, the Coalition will seek to encourage more employers to implement and increase participation in workplace savings schemes and will continue to engage with savings providers who are innovating to achieve greater impact beyond the traditional opt-in models.
Chaired by the Co-Op, the Steering Group is responsible for guiding the Coalition’s work.
The Coalition is convened by MaPS, Nest Insight and TISA.
1 in 10 working adults in the UK had no savings at all in 2024
A further 20% have less than £1,000 in savings
More than 13 million people in the UK have low levels of financial resilience
The National Employer Coalition for Workplace Savings has been established to increase the number of UK working age adults who have emergency savings, particularly those with savings between £1,000 and £2,000.
All coalition members will play an important role in increasing the number of employees saving around the UK.
Increase the number of UK employers offering workplace savings
Raise the number of UK employees saving through their workplace
Drive up the average participation rate for UK workplace savings schemes
Boost the number of employees in the UK with £1,000 - £2,000 savings, driving up workforce health and productivity
Specifically, the Coalition will support more people to save through workplace savings schemes by:
National Coalition for Workplace Savings is convened by
