All Financial wellbeing articles – Page 64
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Article24% asked for financial support in pandemic
A quarter of employees have had to ask family and friends for financial support during the Covid-19 (Coronavirus) pandemic, almost triple the number who did so in April 2020, according to new research about the future of work.The survey, which was carried out among 2,001 UK workers by Barnett Waddingham, ...
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Article57% want their pension to be invested responsibly
New research has found that while approximately 3.14 million people (15%) currently invest responsibly in their pension either through their workplace or privately, an additional six million could change to responsible investing once they understand what it involves.Mutual pension provider Royal London revealed that more than half (57%) want their ...
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ArticleTransUnion launches flexible Fridays for UK staff
Global insights, information and credit reference agency TransUnion is allowing its 700 UK members of staff to take off Friday afternoons to focus on their personal development and wellbeing.Dubbed Flexible Fridays, the initiative has been launched in recognition of the impact the Covid-19 (Coronavirus) pandemic has had on employees. Under ...
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ArticleShetland Islands Council gender pay gap falls to 5.9%
Shetland Islands Council has announced that its gender pay gap has fallen to 5.9%, having been as high as 11.21% five years ago.The council’s pay gap, which is the difference between the average earnings of men and women, has gradually reduced over recent years, standing at 7.9% in 2017/2018. The ...
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ArticleJason Green: How has the government’s decision to prolong home working impacted employers?
The impact of the Covid-19 (Coronavirus) pandemic and the requirement to work from home has not been bad news for all. Many employees who can work from home have found the flexible working hours, time saved on commuting and additional money saved on travel, and that morning coffee and lunch ...
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ArticleCumbria has the largest pay gap in England
Newly published research has found that Cumbria has the biggest county pay gap in England, with a £500 weekly wage difference between the highest and lowest earnings areas.The study by international payment provider RationalFX involved analysing the median gross weekly earnings for full-time employees in more than 300 local authority ...
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ArticleDundee Heritage Trust becomes living wage employer
Dundee Heritage Trust has become a Living Wage Foundation accredited employer.The organisation, which is an independent charity?that runs the Verdant Works and the Discovery Point museums in Dundee, will join 165 others that have received this recognition.According to the trust, it was heavily affected by the lockdown due to the ...
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ArticleGivaudan completes £64 million bulk annuity deal
Flavours and fragrances manufacturer Givaudan has announced the defined benefit (DB) pension liabilities of its UK pension plan have been insured by Aviva.The £64 million bulk purchase annuity transaction means the DB pension liabilities for the 277 members of the scheme are protected, with the insurance provider taking responsibility for ...
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ArticleZurich UK ethnicity bonus gap almost doubles
Insurer Zurich UK has revealed a sharp rise in its ethnicity bonus gap for 2021, which has increased to 37%, up from 19.6% in the previous year.The organisation attributes the widening gap to having fewer black and ethnic minority employees in senior roles.Zurich UK's ethnicity pay gap also rose to ...
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Supplier articleSurvey results reveal the fears Trustees have for members approaching retirement
Pension scheme members now have to grapple with a multitude of risks that have become increasingly complex and uncertain. In light of this, WEALTH at work has conducted a survey with the Pensions Management Institute (PMI) to investigate the concerns Trustees have for their members in the run-up to their ...
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ArticleThree in 10 millennials do not save into a pension pot
New research has found that nearly a third of millennials are not saving into a pension pot.The study was carried out in order to learn more about the younger generations and their attitudes and behaviours towards saving for retirement by pension provider Profile Pensions. It discovered that many of those ...
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ArticleEmployers can furlough self-isolating employees
Employers can claim from the Coronavirus Job Retention Scheme (CJRS) for staff who are self-isolating, despite UK government guidance stating it is not what the initiative is intended for.The entitlement was first reported by Politico magazine after emails from civil servants complaining about government guidance were leaked. One email said ...
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ArticlePremier Inn employees strike over living wage dispute
Premier Inn staff staged protests in England, Wales, Scotland and Northern Ireland yesterday (17 June), asking to be paid the living wage of £10.85 in London and £9.50 across the rest of the UK.The socially distanced protests took place at Premier Inns in London, Belfast, Glasgow, Tenby and Aberystwyth, the ...
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Article26% of millennials took time off work due to stress
New research has revealed that 26% of millennials and 22% of Generation Z employees in the UK have taken time off work due to stress and anxiety caused by the Covid-19 (Coronavirus) pandemic.Deloitte’s tenth annual 2021 Millennial and generation Z survey was compiled of responses from 23,000 millennials and Gen ...
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ArticleDiageo signs three-year pay deal for Scottish staff
Spirits and beers producer Diageo has agreed to a new three-year pay deal with unions Unite Scotland and GMB Scotland to increase wages with inflation for its Scottish staff.The arrangement, which is set to last until 2024, includes a 3% pay rise covering the last financial year. Wages will then ...
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ArticleTyne and Wear Metro staff to strike over pay freeze
Tyne and Wear Metro employees have planned for seven days of industrial action over a pay dispute with their employer Swiss rail giant Stadler.The staff, who are members of the Unite and RMT union, are striking in response to a wage freeze from 28 June. Stadler, which maintains Metro’s train ...
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ArticleGates Power Transmission faces industrial action over pay cuts
Hundreds of Gates Power Transmission employees will be balloted for industrial action due to the organisation's attempts to impose cuts on pay.The union GMB Scotland has served a formal notice to management at the Dumfries-based vehicle drive belts manufacturer, which is part of the Gates Corporation, stating that it will ...
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ArticleHargreaves Lansdown becomes living wage employer
Hargreaves Lansdown has become a Living Wage Foundation accredited employer.The financial services company will join 164 others that have received such recognition, and is the forty-third accredited living wage employer on the FTSE 100 Index.Hargreaves Lansdown's commitment will see all staff and contractors receive at least £9.50 per hour across ...
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ArticleFinances affect 39% of employees' mental health
New research has found that 39% of employees believe the current state of their finances negatively impacts their mental health.Conducted in collaboration with business wellbeing specialists Robertson Cooper, Aviva’s report Thriving in the age of ambiguity: building resilience for the new realities of work explored how employees’ relationship with finances, ...
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Supplier articleHow Xexec helped LV= to support their employees’ financial wellbeing (Case Study)
With more than 1,600 employees, LV= are one of the largest personal insurers in the UK. The LV= HR team wanted to ensure they implemented a discount scheme that provided continuous value to all of their employees. Their main priority was to assist employees in improving their financial wellbeing.Xexec, a ...