In this brand-new event, dedicated to workplace emergency saving, we shared insights from our research programmes and brought together employers, academics, industry and policymakers to discuss and debate:
- What works in encouraging participation from employees?
- What barriers to implementing workplace emergency savings programmes exist for employers, and for providers? And how could these be surmounted?
- What are the measures of success for emergency savings schemes, beyond take-up?
- What can we learn from international examples?
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). More recently, with the generous support of our partners, our programme has expanded to include a new workplace trial 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. We shared insights from both of these research trials during the event.