All Financial wellbeing articles – Page 7
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ArticleMedian pay award remains at 4% for three months to August
The median pay increase across the economy remained at 4% in the three months to August 2024 after falling from 4.8% in June, according to the latest figures from Incomes Data Research (IDR).
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ArticleNEU teachers in England accept 5.5% pay rise
Teachers who are members of the National Education Union (NEU) in England have voted to accept the government’s pay award of 5.5%.
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Article59% of UK millennials struggle to save for retirement due to life stage
Six in 10 (59%) UK millennial employees have admitted that their current life stage means they struggle to save for retirement, compared to 48% of Gen Z and 39% of Gen X staff.
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ArticleBanyan Software introduces employee relief fund
Enterprise software firm Banyan Software has introduced an employee relief fund to its benefits package for employees who are going through extreme hardship. An employee is eligible for the fund if their primary residence is destroyed or unlivable due to a natural disaster, fire, or flood, and ...
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Article39% of British employees regret not saving into a pension
Almost two-fifths (39%) of British employees regret not saving into a pension, according to research by Shepherds Friendly. The financial services firm’s survey of 2,000 Brits on their knowledge of individual savings accounts (Isas), life insurance and general personal finance, also found that 38% of respondents regretted ...
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ArticleCardiff Capital Region receives living wage employer accreditation
Cardiff Capital Region has received real living wage employer accreditation from the Living Wage Foundation. The commitment will see every employee at the organisation receive a minimum hourly wage of £12. This is higher than the government minimum for people over the age of 21, which currently ...
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ArticleYodel adds financial support to benefits package
Parcel carrier Yodel has expanded its employee benefits package to include financial support.
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OpinionAnn Frances Cooney: Potential impact of the draft Equality (Race and Disability) Bill
The draft Equality (Race and Disability) Bill was announced in the King’s Speech in July. The new Labour government confirmed that the draft bill delivers its manifesto commitments to enshrine in law the full right to equal pay for ethnic minorities and disabled people, and to introduce ...
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ArticleDeskLodge accredited as real living wage employer
Co-working space business DeskLodge has become accredited as a living wage employer as part of a commitment to its workforce. The commitment will see every DeskLodge employee receive a minimum hourly wage of £12, which is higher than the government minimum for people over the age of ...
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Article49% of workers aged 50 and older are phasing into retirement
More than half (55%) of employees said a retirement plan is more important than ever as 49% of workers aged 50 and older have already started phasing into retirement, according to research by global advisory and broking firm Willis Towers Watson (WTW). Its 2024 Global benefits attitudes ...
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ArticleManchester City FC has biggest pay gap between football players and staff
Credit: shana espinoza / Shutterstock.com Something for the weekend: Analysis by KingCasinoBonus of Premier League football clubs has revealed the biggest pay gaps between players and staff, with Manchester City having the largest ratio at 237:1. The online casino comparison service analysed player and staff wages, including ...
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ArticleTrain drivers accept pay deal
Train drivers across England, Scotland and Wales have accepted a pay deal made by the Department for Transport, ending a two-year pay dispute. The employees are members of the Associated Society of Locomotive Engineers and Firemen (Aslef) union. They have taken part in strike action since 2022 ...
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ArticleSalutem Care and Education launches financial wellbeing benefits
Salutem Care and Education has introduced further financial wellbeing benefits for its employees to support their wellbeing. Its employees will now be able to access a workplace savings account with a 4.7% annual equivalent rate (AER), provided by financial benefits platform Wagestream. The account does not require ...
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ArticleJunior doctors accept 22% pay settlement
The British Medical Association’s junior doctors committee has accepted the government’s 22.3% pay settlement, after 66% of junior doctors in England voted in favour of the deal. Junior doctors, who from Wednesday 18 September will be known as resident doctors, had been in dispute since October 2022 ...
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OpinionGail Irvine: How can employers encourage staff to save money?
UK Savings Week (9-15 September 2024) is a timely reminder of the financial challenges workers face when it comes to saving. The cost-of-living crisis has made it harder than ever before to set money aside, hitting the UK’s 3.7 million low-paid workers the hardest. For those on the lowest pay, ...
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OpinionJennifer Roberts: How can employers encourage staff to save money?
At Central Co-op, we recognise that helping our employees with their financial wellbeing is an essential part of our staff wellbeing programme, called ‘We’ve got you’. Encouraging employees to save begins with creating a culture that prioritises financial health. At Central Co-op, we leverage our Difference Maker ...
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OpinionAnt Donaldson: How can employers encourage staff to save money?
“May you live in interesting times” may be a clumsy rendering of the Chinese proverb, “It’s better to be a dog in a peaceful time than be a man in a chaotic period”, but it has certainly been relevant in recent years, through the pandemic, soaring inflation, ...
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ArticleMore than 300 ScotRail staff accept pay rise
More than 300 workers employed by ScotRail have accepted a 4.5% pay rise offer following ongoing negotiations. The employees are general workers such as train cleaners, engineers, ticket agents, hospitality assistants and conductors, and staff who are part of the engineering grades. They provide maintenance, overhaul and ...
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ArticleMajority of UK adults have moderate expectations for pension returns
The majority of UK adults admitted they only have moderate expectations for their pension returns, and prioritise stability in their retirement savings over higher-risk investments, a new survey by PensionBee has revealed. The consumer retirement market service’s survey, of both workplace and private pensions, included 1,000 UK ...
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ArticleUniversity College London to give non-clinical staff pay increase
Credit: Stephen Plaster / Shutterstock.comUniversity College London has announced that it will award non-clinical staff a pay increase in their September salary payment following negotiations between the Universities and Colleges Employers Association (UCEA).Backdated to 1 August, full-time non-clinical staff on the national single pay spine will receive a £900 uplift ...