Low Income Households
Banking on access: Ensuring access to banking in a digital age
The shift towards digital banking, accelerated by the pandemic, creates many opportunities and offers benefits for the economy as a whole – but also brings with it some risks. This report explores future access to retail banking services, and the best way to ensure any such changes take place fairly and sustainably, and no one is left behind.
|Published:||22 June 2022|
|Author(s):||Scott Corfe, Richard Hyde, Bill Anderson-Samways|
Extending credit: Understanding pawnbroking customers’ options
Around 350,000 people use pawnbroking services each year, but the industry is in decline. This report builds a picture of why pawnbroking customers' use the service, how satisfied they are with it, and, crucially, what they would do if it were to vanish from the credit market.
|Published:||19 April 2022|
Where next for the private rented sector?
This report seeks to understand how the private rented sector might develop in the years to come, on the basis of a nationally representative survey of 1,376 adults in rented accommodation, and modelling of possible future trajectories for the housing market. Our survey finds a clear appetite from renters for policy action – both to improve the experience of renting and to help more renters to buy.
|Published:||14 March 2022|
|Author(s):||Amy Norman, Aveek Bhattacharya|
A Guiding Hand: Improving access to pensions advice and guidance
This report calls on the Government to improve access to and quality of pensions advice and guidance to reduce the risk of financial harm caused by under-saving as well as sub-optimal decisions made at the point of decumulating a pension pot.
|Published:||23 February 2022|
|Author(s):||Scott Corfe, Matthew Oakley, Joe Ahern|
Banking on change: Expanding the role of banks and building societies in supporting financial resilience
This briefing paper explores the role that banks and building societies can play in bolstering financial resilience and improving outcomes for vulnerable customers. It calls for financial institutions to be made to compete with each other on providing quality financial wellbeing services, and ultimately empower customers.
|Published:||16 February 2022|
Capital concerns: Poverty in London and the role of business in helping tackle it
This report calls attention to the scale of in-work poverty in the UK and London today, what drives it, and the impact it has. It is a part of a wider project – created in partnership with Trust for London - to develop a new benchmark that helps businesses tackle in-work poverty.
|Published:||23 January 2022|
|Author(s):||Richard Hyde, Jake Shepherd|
Banking on building back better – How can a stakeholder economy help rebuild the UK after COVID-19?
This essay series, collected in partnership with the Chartered Banker Institute, re-evaluates the concept of the stakeholder economy in light of the economic and social shockwaves delivered by the Coronavirus pandemic.
|Published:||16 March 2021|
|Author:||Social Market Foundation|
Safe as houses: strengthening the UK’s mortgage safety net
This report explores the subject of “mortgage safety nets” - support for mortgage-holders in the event of loss of income or employment.
|Published:||25 February 2021|
|Author(s):||Scott Corfe, Amy Norman, Jake Shepherd|