Tackling child poverty delivery plan 2022-2026 - annex 5: impact of policies on child poverty

Accessible Financial Advice

To enhance access to financial advice and support, in places where families already go. This commitment builds on the Healthier Wealthier Children policy that was in the first delivery plan. The policy aims to expand partnership working in different health settings, along with education settings and wider community settings.

• Costs of living
• Income from social security and benefits in kind

Enhanced life chances (e.g. health, wellbeing, capabilities, longer term goals)

Potential size of impact

This policy is still in development and scale of impact has not yet been modelled. However, in aiming to make financial advice more accessible, the intent is to reach as many households as possible.

Type of impact

Increased access to financial advice impacts upon income from social security as people can find out to what they are entitled and how to apply. More general money management advice can impact on cost of living.

Certainty of impact

The policy is currently being developed and it is too early to state.

Priority families targeted by policy:

• Lone parents
• 3+ children
• Disabled
• Minority ethnic
• Baby < 1
• Mothers aged <25

This policy is targeted at families in poverty and on low incomes and aims to provide easier access to advice services. Services will be designed to ensure priority family groups are reached as part of this.

Tracking progress

The policy is still in development but evaluation will be built into the work to enable impact measurement.