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Saving Gateway Pilot

Volume 461: debated on Thursday 14 June 2007

18. To ask the Chancellor of the Exchequer what evaluation he has made of the outcome of the second Saving Gateway pilot. (142581)

The final evaluation of the second Saving Gateway pilot was published on 25 May.

Overall the evaluation found that the pilots were very successful in generating savings and that the Saving Gateway encouraged some lower income participants, in particular, to save and to reduce their expenditure in order to save.

There was a positive impact on participants' attitudes to saving which was most marked among those who had little or no prior experience of saving. The findings also point overwhelmingly to the success of matching as a targeted incentive for lower income savers.

The pilots have provided a wealth of evidence for future policy development. The Government will need time to analyse this information and will make further announcements on next steps for the roll-out of the Saving Gateway in the pre-Budget report.