Nudging tools for money advisers launch event

Behaviour Change Twitter image 1024 512 v3The Trust’s Insight and Innovation Grants Officer Timon Scheven blogs about our launch of the ‘Nudging Tools for Money Advisers’ toolkit, developed by Behaviour Change.

It was fantastic to see so many people from across the advice sector, government and creditors at the launch this morning – the lively discussion highlighted the interest in how we can use behavioural science to better engage and support people with unmanageable debt.

Joanna Elson, our chief executive, really set the scene for me when she talked about how the advice sector has impressive expertise and empathy in working with people in debt, but is still on a journey to understanding how to best give advice (and raise awareness of advice) so that it ‘lands’ as intended with the people we support. Essentially giving (and signposting to) good advice in a way that consistently enables people to take action or change their behaviour for the better. This idea is at the heart of our Innovation Grants programme; trying new innovative ideas to make debt and money advice work better.

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Supporting innovation in money advice

IG map imageSharing the learning from our 2016/17 Innovation Grants Projects – the Trust’s Insight and Innovation Grants Officer Timon Scheven blogs about our Innovation Grants programme and the four projects we have supported over 2016/17.

One of the less known, but hugely valuable, areas of the Trust’s work is its Innovation Grants Programme. Since 2010, the Trust has funded 29 local projects across the UK that aim to test out innovative approaches to money and debt advice.

Having visited all four projects from the 2016/17 programme, as they come to a close, I am delighted to share some of the learning that has emerged.

In addition to the benefits that projects have brought directly to the individuals and communities they work with, the debt advice sector can benefit more broadly from understanding the learning from their work. It is with this in mind that I am delighted to share some of the findings.

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