National Coalition for Workplace Savings Group Announced

16/04/2026

Backed by Government, leading employers join forces to expand access to workplace saving schemes and boost the UK’s financial resilience.

This week, a new employer-led coalition to expand access to and take-up of workplace savings across the UK has held its first Steering Group and announced its inaugural Chair: Claire Costello, Chief People Officer at the Co-op Group.

Comprising 19 employers from a range of sectors, with a total of over 350,000 of employees, the group were joined by Lucy Rigby KC MP, Economic Secretary to the Treasury, signalling the Government’s support for the initiative.

The National Coalition for Workplace Savings is a multi-year initiative to increase the number of UK employees accessing and benefiting from workplace savings by championing uptake, sharing best practices, and supporting innovation.

Evidence shows that participation in workplace savings significantly improves individuals’ financial resilience and wellbeing, with tangible benefits for employers through increased productivity, reduced absenteeism and decreased financial stress among staff.

The Steering Group will govern and lead the Coalition, which will be publicly launched in the summer. Ahead of the launch, the Steering Group is encouraging employers to register their interest in becoming a signatory and showcase their commitment to helping their employees become more financially resilient.

The National Coalition is convened by the Money and Pensions Service, Nest Insight and The Investing and Saving Alliance (TISA).

Lucy Rigby KC MP, Economic Secretary to the Treasury, commented:

“Building consistent saving habits is a vital step in strengthening the financial resilience of working people and a key part of our Financial Inclusion Strategy. By improving access to and awareness of Workplace Savings Schemes, we are making saving the norm rather than the exception.

I look forward to working closely with the Coalition and to seeing more employers join ahead of its public launch as we break down the barriers to saving.”

Claire Costello, Chief People Officer at the Co-op Group and the Coalition’s Chair, commented: “I am honoured to be the inaugural Chair of the Coalition at an important moment for financial resilience in the UK. Too many people are living without a financial safety net, and employers have a clear role to play in changing that. At Co-op, supporting colleagues’ financial wellbeing is an important part of how we look after our people, and we see the difference that access to simple ways to save can make. By working together, we can help make workplace saving a normal part of everyday working life, and I would encourage others to join us ahead of the public launch.”

All Together Money Chief Executive, Matt Bland said: “Building financial resilience across the UK requires practical, inclusive solutions that meet people where they are – and the workplace is a powerful place to start. Credit unions play a vital role in this, providing accessible savings options, fair financial services, and trusted support rooted in communities.

“At All Together Money, we see first-hand how credit unions help individuals and families build consistent saving habits, improve financial wellbeing, and create a stronger foundation for the future.

“We warmly welcome the National Coalition for Workplace Savings and the leadership shown in bringing this agenda forward. We strongly support its ambition to expand access to workplace savings and encourage greater participation. By convening employers, providers and policymakers, this initiative represents an important step towards making saving a normal part of working life and strengthening financial resilience across the UK.”