All Financial wellbeing articles – Page 57
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Article54% of employees' retirement plans hit by Covid
New data has revealed that more than half (54%) of UK working adults said that the impact of the Covid-19 (Coronavirus) pandemic has affected their plans to retire.According to research carried out by insurance provider Aviva, nearly one in five (18%) respondents feel less secure about their financial future, peaking ...
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ArticleStuart Delivery staff to protest over pay cut
Sheffield, UK-based food delivery couriers employed by Stuart Delivery will take part in a protest regarding a planned pay cut.The action will take place on 28 November (Sunday), with couriers set to stage a motorcade leaving from Queen Street at 11am, before arriving at Sheffield Town Hall at 12pm where ...
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OpinionSuzanne Staunton: How can employers tackle furlough fraud?
With the UK government’s furlough scheme having come to an end, HM Revenue and Customs (HMRC) has now stepped forward to start counting the cost of the scheme to taxpayers. Already, many instances have been identified of bogus companies having been set up purely to siphon off public funds, the ...
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ArticleArtfarm becomes living wage employer
Independently owned hospitality business Artfarm has become an accredited living wage employer due to its commitment to pay all employees a rate higher than the national minimum wage (NMW).The company, which operates sites in Scotland, Somerset and London, will now ensure that all of its 200-plus members of staff currently ...
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ArticleInnis and Gunn becomes living wage employer
Scottish brewer Innis and Gunn has been accredited as a living wage employer as part of its plan to further support its more than 100 members of staff.According to the business, which is one of 120 accredited living wage employers in the Scottish hospitality sector, it has voluntarily committed to ...
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ArticleWalker Morris introduces staff sabbatical scheme
Law firm Walker Morris has launched a sabbatical scheme this month (November) for all of its solicitors with more than two years of service, with around 160 people currently eligible for it.A sabbatical can be taken after workers have built up a defined period of service post-qualification from 1 November ...
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ArticleReuters agrees to £310 million pension buy-in
Reuters, an international news organisation owned by Thomson Reuters, has announced that it has agreed to a £310 million full-scheme buy-in transaction for its supplementary pension scheme.The transaction was the agency’s first with financial services company Legal and General Assurance Society, otherwise known as Legal and General, and involved the ...
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ArticleTrentbarton gives 1,000 employees wage rise
Nottinghamshire bus company Trentbarton has announced that it will be giving its 1,000 members of staff an extra pay rise on top of their annual raise.The additional wage increase will take effect from the end of January 2022 and will result in most drivers receiving an hourly rate of between ...
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Article25% of UK workplaces are transparent about pay
Just one in four full-time UK employees strongly agree that their workplace is transparent about pay, according to new research.Glassdoor, which provides insights into jobs and companies, surveyed 2,042 UK employees and has published its findings today on Equal Pay Day (18 November). This is the day on which women ...
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ArticleLidl gives pay rise to 21,000 employees
Supermarket chain Lidl has announced pay rises from March 2022, which will benefit more than 21,000 staff and 80% of its workforce.Equating to a wage increase of more than 6% for some, minimum pay for employees across the UK is set to go up to £10.10 an hour from £9.50, ...
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Article37% of female staff do not have workplace pension
New data has revealed that 37% of female employees do not have a workplace pension, compared to 32% of men.Pensions consultancy Barnett Waddingham’s research was compiled based on responses from 2,002 UK working adults, of which 1,022 were women. It found that females are lagging behind men on workplace pensions, ...
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ArticlePoll: 57% of employers agree with NMW rise
Employee Benefits poll: Almost six in 10 (57%) organisations agree with the new national minimum wage (NMW) rate that was announced in the Autumn Budget last month (October).According to Employee Benefits’ latest research, 29% believed that the increase should have been more and 9% think it should have been less ...
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Article17% of UK jobs paid below living wage
New data has revealed that one in six UK workers earn less than the real living wage, which equates to 17% of all jobs and a total of 4.8 million employees.The Living Wage Foundation which has today (15 November) increased its rates to £9.90 an hour across the UK and ...
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Article86% of remote staff have better work-life balance
New research has revealed that four-fifths (86%) of employees felt they had a better work-life balance when working from home.A new European study by global workplace creation service Unispace combined the results of a survey of 3,000 office workers, 2,750 employers in leadership roles at organisations, with global senior leaders ...
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ArticleDisability pay gap narrows to 16.5%
The UK’s disability pay gap has narrowed slightly, but mandatory disability pay gap reporting is needed to drive further progress, according to the Trades Union Congress (TUC).The trade union body’s analysis of Labour force survey statistics found that non-disabled workers earn 16.5% more per hour than those that meet the ...
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ArticleTougher deterrents needed to stop minimum wage breaches
The government’s policy of ‘naming and shaming’ organisations that break minimum wage rules is an effective deterrent against non-compliance, but tougher financial penalties are needed to further minimise incentives for underpayment.This is according to the Resolution Foundation think-tank, which found that smaller firms are more likely to lose out because ...
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Supplier articleElectric Vehicles Explained
All the major motor vehicle manufacturers now have an electric vehicle (EV) or hybrid vehicle in their range, and the increasing popularity is impossible to ignore. And all the biggest motoring sales markets, including China, Europe and the US are seeing an increase in switching from traditional fuel to alternative ...
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Article74% of staff say closing gender pay gap is important
New data has revealed that 74% of working adults believe closing the gender pay gap is important and should be a priority for governments and employers.WorkEqual, a campaign to raise awareness of workplace gender inequalities, marked Equal Pay Day 2021 yesterday (8 November) by releasing the findings of an online ...
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Article75% of staff struggle to focus due to money worries
New research has highlighted that three out of four employees are so worried about finances that they are struggling to focus at work.Workplace money coaching service Octopus MoneyCoach, which published its findings at the start of the Money and Pensions Service’s annual campaign Talk Money Week (8-12 November), reviewed nearly ...
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ArticleGlen Dimplex UK staff to strike in living wage dispute
Glen Dimplex UK workers in Portadown, Northern Ireland, have announced that they will take part in a three-day strike after their request to be paid the living wage was denied.A total of 96% of the workforce voted for action in a strike ballot, with pickets to form from 6am on ...