UK’s financial wellbeing in light of COVID-19

Industry News | 15/10/20

A new independent report, which contains 13 recommendations to address the urgent financial wellbeing implications of the COVID-19 pandemic, has been released by the Challenge Chairs who advise the Money and Pensions Service (MaPS) on the UK Strategy for Financial Wellbeing.

These recommendations, which include immediate actions – such as help with credit for people coming out of payment deferrals, no-interest loans for people unable to access affordable credit and essential financial skills training for young people – are set out in a report, Building the UK’s financial wellbeing in the light of COVID-19.

Source: Ipsos