Financial Inclusion

Saving small amounts regularly

Financial Inclusion

Feeling financially secure, as an individual or when supporting a family, is an important factor in a person’s overall wellbeing. But how can we measure financial security? The main measure for how financially secure someone feels is how long they would be able to sustain their lifestyle should they lose their income overnight.

Research shows 34% of employees in the UK¹ have less than one month’s worth of savings to live on should their income stop and this rises to 53% for Police Service employees².

Although many people may have the desire to save, either with a specific goal in mind or to create a savings buffer, it isn’t always easy to do so. Putting money aside regularly tends not to be a priority and many people feel they can’t afford to save. However, studies have shown that the act of saving is a more important indicator of financial management than the actual amount saved³.

We’re keen to make it as easy as possible for our members to get into the savings habit, regardless of income and how much they’re able to put aside.

That’s why:

  • Our Regular Savings plan has no minimum premium and provides added peace of mind with life cover included.
    Making it easy for members to establish sensible financial habits and security which are affordable for everyone.


  • 27% of our members with Regular Savings plans save up to just £5 per week.
    Making saving accessible to those who may otherwise find it unaffordable.


  • New members saved £1.3m in Regular Savings plans in 2016.
    Introducing over 3,800 people to the savings habit with us.


  • 78% of Officers and Staff pay for their savings plans with us through salary deduction.
    Making it really easy to save, without even noticing.

Police Mutual internal statistics 2016.

¹The DNA of Financial Wellbeing - Neyber 2016.
²Police Mutual survey 2016.
³Financial capability and wellbeing - evidence from the BHPS, Taylor, Jenkins and Sacker 2009.