National Coalition for Workplace Savings Launches

16/06/2026

Today, the employer-led National Coalition for Workplace Savings officially launches with the support of Her Majesty Queen Máxima of the Netherlands, the United Nations Secretary-General’s Special Advocate for Financial Health (UNSGSA), and Rachel Blake MP, City Minister and Economic Secretary to the Treasury.

Led by a steering group of 17 leading employers representing a range of sectors, including retail, hospitality, transport, facilities management, the public sector and charities, the coalition aims to help more UK adults save regularly and set money aside for unexpected costs through workplace saving schemes. Alongside 21 signatories, collectively the coalition employs more than 400,000 people and includes organisations such as the Co-op, First Bus, Next, Travelodge, Mitie and Stepchange.

The Coalition will work to increase the number of UK employees accessing and benefiting from workplace savings by championing uptake, sharing best practice and supporting innovation over the coming years. The National Coalition was initiated through the Government’s Financial Inclusion Strategy.

The National Coalition is calling on employers across the UK to join as signatories, implement workplace savings schemes to bolster their employees’ financial security, and work together to scale up participation rates within workplaces to support people to save.

At a time of rising costs, emergency savings offer vital protection when a large bill, a broken-down boiler or the costs for a school trip suddenly appear.
Workplace savings schemes support employees, particularly those with little or no emergency savings to protect them, by making it easier to put money aside regularly. Workplace savings lead to increased productivity through improvements in job satisfaction, attentiveness at work, retention, and reduced sickness and absences. They better enable people to focus on work, as well as being supportive of financial security and wellbeing.

During the launch event, senior business leaders and policymakers explored the role companies can play in strengthening financial resilience across the workforce, including the benefits of workplace savings for employers and employees alike, practical approaches to implementing payroll savings schemes and how the UK compares with its international peers. It also concluded with an official employer signing ceremony.

Economic secretary to the Treasury Rachel Blake said: “Everyone should have the opportunity to build financial resilience, but we know that when household budgets are stretched, saving can be difficult.

“The government’s financial inclusion strategy creates more opportunities for people to save through workplace savings schemes. Working with employers across sectors, this coalition will help make workplace savings schemes easier to access and support more working people to build regular savings habits and a financial safety net. I strongly encourage employers to get behind this scheme today.”

National Coalition for Workplace Savings Chair and Co-op Group Chief People Officer, Claire Costello said: “Building consistent saving habits is an important part of improving financial resilience across the UK.

“With growing evidence of the benefits provided by workplace saving schemes, this collective of employers, supporters and partners will help more people build a financial safety net. By making saving easier and more accessible, workplace saving schemes could transform the savings landscape, and I am excited to work with all involved as the coalition progresses.”

Matt Bland, Chief Executive of All Together Money said: “We are delighted to support the launch of the National Coalition for Workplace Savings and welcome this important step towards helping more people build financial resilience.

“Credit unions have a long and successful history of supporting workplace saving through payroll deduction, helping millions of people develop positive saving habits and build financial security over time. By making saving simple, accessible and linked directly to payday, workplace savings schemes can play a vital role in helping people prepare for unexpected expenses and reduce financial stress.

“The coalition represents a significant opportunity to bring together employers, financial providers and policymakers to expand access to workplace savings and improve financial wellbeing across the UK workforce. We look forward to working with partners across the coalition to ensure more people can benefit from the security and confidence that comes from having a savings safety net.”

The National Coalition for Workplace Savings is convened by the Money and Pensions Service, Nest Insight and The Investing and Saving Alliance (TISA). All Together Money is proud to be one of the coalition’s supporters, alongside organisations including the Behavioural Insights Team (BIT), the Building Societies Association, the Irish League of Credit Unions and Reward Strategy. Credit unions playing a key role as coalition partners, also include Commsave Credit Union, First Rate Credit Union, Glasgow Credit Union The Money Co-op, The Penny Post Group & Serve and Protect Credit Union.