Commenting on the launch of the new strategy from The Money and Pensions Service (MaPS), Heidi Allan, Senior Consultant in LCP’s Financial Wellbeing team, commented:

“We read with delight the UK strategy for financial wellbeing from MaPs published today and fully support the methodology of involving the wider market to improve financial literacy, inclusion and options to support a financially healthy nation.

“LCP were pleased to be part of the listening events that contributed to this purposeful strategy. There is a long road ahead to achieving these ambitious goals and they will only be achievable by everyone embracing them – from providers, advisers, employers, community leaders and individuals themselves. The benefits are clear – improved financial knowledge leads to improved confidence which ultimately improves financial capability.

“This is an exciting time for the industry and together we can achieve positive outcomes like we have seen with mental health awareness over recent years.”