Emergency savings summit 2023 - online programme

Welcome to our 2023 #EmergencySavingsSummit. On this page you will find timings for the day and other session details. We want this event to be as interactive as possible, so join in the conversation via slido and put your questions to the speakers.

Agenda

Join us and our expert panels for the day’s sessions:

12pm	Registration and networking lunch
12.45	Housekeeping and safety announcement
1.00	Welcome address What have we learned about the kinds of tools and services people need to support their financial resilience? What have we heard from workplace savers and potential savers about their needs? And what are the implications for industry and policymakers? In this presentation, Jo Phillips will share the latest findings from Nest Insight’s workplace savings programme, including the final results of the sidecar savings trial. Speakers Gavin Lewis, BlackRock UK; Jo Phillips, Nest Insight
1.30	Managing the tensions – taking a joined-up approach In this challenging economic context, what tensions do low-to-moderate income households face? How are people managing their money and what impact does the current context have on priorities and decision-making? What role can the workplace play in supporting employee financial security? And how can short-term saving approaches be supportive of other financial goals, such as saving for retirement? This panel will explore the current context to saving behaviours, and how debt, emergency saving and retirement saving interact. We will also consider how we can best design solutions to support those who are financially constrained, unconfident and excluded. Speakers Moderator: Sarah Porretta, the Money and Pensions Service; Sarah Holmes Berk, Harvard University and NBER (US); Helen Dean CBE, Nest; Peter Tutton, StepChange Debt Charity
2.40	Refreshment break
3.00	Keynote speech by Dame Clare Moriarty DCB: Understanding saving in the cost-of-living context Citizens Advice plays a vital role in building understanding of the cost-of-living challenges and helping UK households find their way. In this session, Dame Clare Moriarty DCB will share her view of the financial challenges those households are facing, the importance of building financial resilience despite the difficult economic backdrop and share possible barriers and interventions that could help households make progress towards financial security. Speakers Moderator: Gemma Gooch, BlackRock Social Impact; Dame Clare Moriarty DCB, Citizens Advice
3.30	Scaling participation – how to get more people started on the saving journey How can more people be supported to get started on the savings journey, including those who have not saved before and those who work for smaller employers? Where are the opportunities to scale coverage of and participation in workplace savings? What barriers to implementing these programmes exist for employers, and for providers? And how could these be surmounted? This panel will discuss why more employers don’t offer workplace savings programmes, and why more employees don’t sign up, as well as ways in which these barriers could be overcome. We will also explore opportunities for policy and market innovation within the current workplace ecosystem. Speakers Moderator: Will Sandbrook, Nest Insight; Mariel Beasley, Common Cents Lab (US); Pete Glancy, Scottish Widows; Roger Shelton, TransaveUK; Emily Trant, Wagestream;
4.40	Thank you and close of formal event and live-stream
4.45	Chatham House discussion: Recap of the day and Q&A
5.20	Close of in-person event and thank you
5.30–6.30pm	Drinks reception

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Join the conversation on the day

Scan QR code with phone:

Get involved

slido.com | #EmergencySavings

Throughout the day, we’ll be inviting you to share your views on the different topics discussed, and put your questions to our expert panels. You can vote and ask questions by visiting slido.com and entering #EmergencySavings, or simply join the conversation using this link.

Join the conversation

You can also join the conversation on Twitter, using @NestInsight and #EmergencySavingsSummit. Follow us on Twitter.

About the research programme

About the Nest Insight’s emergency savings programme

Since 2019, we’ve been working with employers and delivery partners to test the effectiveness and impact of a hybrid workplace savings tool called Jars which combines short- and long-term savings goals (also known as the ‘sidecar savings’ trial). Our Jars savings tool research is being trialled with participating employers BT, ITV, StepChange, Timpson and the University of Glasgow. Salary Finance is the trial’s technology partner, providing the Jars tool. This research is supported by the BlackRock Foundation, JPMorgan Chase and the Money and Pensions Service (MaPS).

In November 2021 we launched a second workplace trial. Working with SUEZ recycling and recovery UK and their credit union TransaveUK, we are testing whether an opt-out joining mechanism could enable many more people who want to save through payroll for the shorter-term to get started. And in November 2022, we announced a new pilot with Wagestream to explore the impacts of different nudges to support employees to get started with saving. These two trials form part of our opt-out payroll savings programme, supported by the BlackRock Foundation and MaPS.

Nest Insight leads the workplace savings research programme, working with academics Sarah Holmes Berk, John Beshears, James Choi, Jay Garg and David Laibson as well as MaPS.

Meet the speakers

Will Sandbrook
Managing Director | Nest Insight

Jo Phillips
Director of Research and Innovation | Nest Insight

Clare Moriarty
Chief Executive Officer | Citizens Advice

Gemma Gooch
Co-Head of Global Social Impact | BlackRock

Mariel Beasley
Co-Founder | Common Cents Lab

Gavin Lewis
Managing Director | BlackRock

Helen Dean
Chief Executive Officer | Nest

Sarah Holmes Berk
Research Project Director | Harvard University and NBER (US)

Peter Tutton
Head of Policy, Research and Public Affairs | StepChange Debt Charity

Sarah Porretta
Executive Director for Propositions, Insights and External Engagement | Money and Pensions Service (MaPS)

Pete Glancy
Head of Policy | Scottish Widows

Emily Trant
Head of Impact and Inclusion | Wagestream

Ann Doherty
Managing Director| J.P. Morgan

Roger Shelton
Marketing and Business Development Manager | TransaveUK

Please be aware we are running our 2023 #EmergencySavingsSummit as a paperless event. If you have any questions about the programme or have trouble accessing the agenda, please get in touch with a Nest Insight team member.

Agenda

Join us and our expert panels for the day’s sessions:

Join the conversation on the day

Scan QR code with phone:

About the research programme

About the Nest Insight’s emergency savings programme

Meet the speakers

Will Sandbrook Managing Director | Nest Insight

Jo Phillips Director of Research and Innovation | Nest Insight

Clare Moriarty Chief Executive Officer | Citizens Advice

Gemma Gooch Co-Head of Global Social Impact | BlackRock

Mariel Beasley Co-Founder | Common Cents Lab

Gavin Lewis Managing Director | BlackRock

Helen Dean Chief Executive Officer | Nest

Sarah Holmes Berk Research Project Director | Harvard University and NBER (US)

Peter Tutton Head of Policy, Research and Public Affairs | StepChange Debt Charity

Sarah Porretta Executive Director for Propositions, Insights and External Engagement | Money and Pensions Service (MaPS)

Pete Glancy Head of Policy | Scottish Widows

Emily Trant Head of Impact and Inclusion | Wagestream

Ann Doherty Managing Director| J.P. Morgan

Roger Shelton Marketing and Business Development Manager | TransaveUK