Understanding the financial impact of COVID-19 on UK households
Date and time: Wednesday 15 July 2020 | 1-2pm (BST)
The economic impacts of the coronavirus pandemic will be felt in almost all UK households, both now and long into the future. Many people are experiencing dramatic changes in their circumstances as a result of the crisis. Unemployment, furloughing on reduced income, and loss of self-employed earnings, will be affecting different households in different ways, and for lots of people, saving will naturally have fallen further down the financial priority list.
In this conversation, we want to understand this current financial reality for low- and moderate-income households. What impact are we seeing on income, debt, consumption and savings behaviours? Which groups should we be most worried about? And as we start to emerge from lockdown, what should industry and policymakers bear in mind as they think about supporting households into short- and long-term financial security?
- Laura Gardiner, Research Director at the Resolution Foundation
- Professor Elaine Kempson, Emeritus Professor of Personal Finance and Social Policy Research at the University of Bristol
- Michelle Cremin, Associate Director (Head of Development) at Nest Insight
Making saving smarter: supporting financial resilience post-crisis
Date and time: Wednesday 22 July 2020 | 4-5pm (BST)
The economic impacts of the coronavirus pandemic are grave and will be felt in almost all UK households, both now and long into the future. Global recovery will be dependent on a range of factors, from containment of the virus itself to government safety nets and stimulus packages.
At the household level, people will be looking for ways to weather the immediate storm, from cutting costs to taking up gig work. But are there lessons to be learned from behavioural science on how to best support people in rebuilding resilience as we emerge from the crisis? What are the tools, messages and services that might play a helpful role? Join us for a conversation on whether and how behavioural interventions can be beneficial in enhancing financial security in this moment, and into retirement.
- Wendy de la Rosa, Co-founder of Common Cents Lab
- Heather Kappes, Assistant Professor of Marketing at London School of Economics
- Jo Phillips, Director of Research and Innovation at Nest Insight
How resilient are the world’s retirement systems to economic crises?
Date and time: Wednesday 29 July 2020 | 2-3pm (BST)
As countries around the world grapple with the coronavirus pandemic and economic crisis, policymakers will take a variety of approaches to safeguard retirement systems and savings. For our third and final webinar in this series, we’ll explore the impacts of these different policy interventions on the short- and long-term financial health of citizens.
What are the features of a resilient retirement system? What policies and solutions can help meet people’s immediate liquidity needs while preserving long-term savings? And what role can industry, government and employers play? These are some of the questions we’ll be debating in our panel discussion with international experts.
- Pablo Antolin, Principal Economist at the Private Pension Unit of the OECD Financial Affairs Division
- Karen Andres, Director of Policy & Market Solutions and Project Director of the Retirement Savings Initiative at the Aspen Institute’s Financial Security Program
- Matthew Blakstad, Director of Analysis and Governance at Nest Insight