The Association of British Insurers commented on the Money and Pensions Service (MAPS) UK Strategy for Financial Wellbeing.
Yvonne Braun the ABI’s Director of Policy, Long-Term Savings and Protection said:
“The strategy provides a strong basis for government, the financial services sector and the third sector to collaborate to improve the financial wellbeing of the nation. The insurance and long-term savings industry has a key role to play in helping people thrive, from saving for a financially secure retirement, and offering peace of mind in case of illness and injury, to protecting their assets.
“We are also pleased that the strategy will address wider themes like gender and mental health problems, both factors that can worsen financial difficulties. We look forward to playing our part in MAPS’ important work.”