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Our aim is to enhance financial capability at school, at home and in the workplace.

  • 5 million people across England are experiencing both problem debt and mental health problems.1
  • 5 million adults in the UK have less than £100 in savings, only 14% of adults have thought about retirement planning,
  • whlst 55% do not understand enough about pensions to make decisions about saving for retirement. 2

We want to help people manage money well, both day-to-day and through significant life events.

Financial capability is a key driver of financial wellbeing – which is the ability to meet all current commitments without undue stress, and the resilience to cope with future income or expenditure shocks.

Simply put – we believe financial capability is the bedrock of future financial security.

Our 2025 commitments:

Improve access to financial advice and guidance


Progress:

As one of the UK’s largest financial advice firms we’re making financial advice more accessible by growing the number of restricted financial planners (RFPs).

Through the Quilter Financial Adviser School we are also bringing new financial advisers into the industry to help plug the UK’s advice gap.

Promote financial wellbeing for all our colleagues

Progress:

During 2019 we launched our financial wellbeing programme as part of our existing wellbeing initiative, Thrive.

This started with a financial wellbeing week which involved webinars, information sharing and promoting tools and benefits available to colleagues.

We also started face to face financial education sessions for colleagues which we aim to roll out more widely in future.    

Empower young people to manage their money well for life

Progress:

Through our charitable foundation, we’re helping young people to enhance their financial knowledge and confidence through our strategic charity partnerships.

Since 2015, we have partnered with financial education charity, MyBnk, to deliver money lessons for young people in schools, colleges and community groups.

The programme is independently evaluated to ensure it effectively develops good financial skills, habits and behaviours.

Find our more in our resposible business report

Our Shared Prosperity Plan is how we will grow our business responsibly, aiming to create long-term value for all our stakeholders, including customers, colleagues, communities and shareholders. Find out more in our Responsible Business Report 2018.

UN Sustainable Development Goals

Our work on financial capability supports three of the UN Sustainable Development Goals:

  • 3: Good health and wellbeing
  • 4: Quality education
  • 17: Partnerships for the goals

Source: https://www.un.org/sustainabledevelopment/sustainable-development-goals/

Notes:

1 - https://www.moneyandmentalhealth.org/wp-content/uploads/2019/03/debt-mental-health-facts-2019.pdf

2 - file:///C:/Users/perste/Downloads/Financial-wellbeing-capability-UK-adults-poverty-debt-saving-numeracy-infographic.pdf