All Financial wellbeing articles – Page 85
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Supplier articleEmployee benefits: the start of your financial wellbeing strategy
Gethin Nadin, Director of Employee Wellbeing, BenefexIt’s now common knowledge among HR and Reward professionals that almost all employees and their work are negatively affected by money worries. Despite this, almost half of employers have yet to roll out a financial wellbeing strategy.For most of us, money is synonymous with ...
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OpinionRachel Clift: How to support employees with money worries
We are currently living in uncertain times, with austerity and the constant pressure of cost saving taking its toll.UK household debt has hit a record high at £428 billion, according to figures published in January 2019 by the Trades Union Congress (TUC). With an average total debt per household of ...
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AnalysisHow should financial wellbeing approaches change during an employee’s journey?
Need to know:A multi-generational workforce will have myriad financial challenges, including home ownership, childcare and retirement savings, so it is important that employers address these issues within a flexible approach to financial wellbeing.Financial goals and life stages may not be clearly delineated by age, and employers should avoid assumptions.Life events, ...
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ArticleDebbie Lovewell-Tuck: Reflecting on financial wellness
As our Financial Wellness Week, in association with Aon, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.Not so long ago, I can remember writing about workplace savings platforms; at the time, a new benefits ...
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Case StudiesAnglian Water provides for financial wellbeing across varied life stages
Utilities organisation Anglian Water has approximately 5,000 employees in the UK, half of whom are based across its main office locations, with the remaining half working operationally around the country.With such a varied workforce demographic, which also spans numerous generations, it is important that the organisation’s financial wellbeing support can ...
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OpinionMartin Parish: Money under the mattress - why support financial wellbeing
Although stashing money under the mattress is, we hope, a thing of the past, the legacy of bad money management continues. The Money Advice Service (MAS) estimates that four in 10 people in the UK have poor financial capability, meaning they cannot manage their money day-to-day, nor handle periods of ...
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Supplier articleThe Wonderful World of Financial Products
Navigating the vast array of financial products available nowadays can be a mind-boggling experience. Not only is the sheer choice often overwhelming, but there are many potential pitfalls to avoid along the way. All too often, financial products are marketed heavily and come with a ‘hard sell’. Consumers may end ...
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Supplier articlePensions dashboards enters a new phase
Chris Curry appointed as Principal of the Pensions Dashboard Industry Delivery GroupAs the Pensions Dashboards project moves forward and, in particular, standards are set for data, will employers and their pension providers be ready to provide all the requisite data within the required timescales?Furthermore, will employees be able to understand ...
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ArticleSeven in 10 employees are not actively engaged with their workplace pension
More than seven in 10 (72%) employee respondents are not actively engaged with their workplace pension, according to research by Atlas Master Trust, part of Capita.Its Why engagement needs a reality check white paper, which surveyed 200 pension managers, 200 senior finance professionals, 100 senior HR professionals and 2,000 employees, ...
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Supplier articleBack to School!
September is upon us, the long summer holidays are over, and so we start the new academic year with great enthusiasm and drive in our vision for people of all ages to learn how to get to grips with their money. We believe a critical part of our work is ...
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Supplier article
Employer Benefits - The Value of Greater Employee Financial Wellbeing
Increasingly, UK employers are acknowledging the link between employees’ wellbeing and their performance at work. In fact, research carried out by the University of Warwick showed that happy employees are 12% more productive than the ‘average’ employee[1].Conversely, stress is now the number one work-related health problem, leading to an estimated ...
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ArticleOne in 10 employees at Community Medical Centers utilise payroll loans
Approximately 10% of the 6,800 US-based staff employed by private, non-profit healthcare network Community Medical Centers (CMC) have utilised the organisation’s payroll loan benefit since its introduction in July 2018.CMC implemented the payroll loan benefit, provided by Kashable, in July 2018 as part of its voluntary benefits provision, which is ...
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ArticleTwo-thirds of global staff think off-cycle pay would impact decision to accept new job
Nearly two-thirds (62%) of global employee respondents think that off-cycle pay options, such as the ability to choose their pay frequency, would make a difference when considering a job offer, according to research by ADP.The future of pay: Exploring the evolution of worker pay and talent management, which surveyed 7,000 ...
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Supplier articleOne Of The Things I Read Without Fail
The Money StatisticsThe world of money can be a confusing and overwhelming place. Where can any of us go to for an accessible and concise summary of the state of the UK’s finances and a truly impartial picture of how we are all using our money?Since 2005, The Money Charity ...
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ArticleThree-fifths of staff at Slug and Lettuce, Walkabout and more enrol in flexible pay
More than three-fifths (63%) of hourly-paid staff at pub group Stonegate Pubs, which operates 772 UK venues under brands that include Be At One, Slug and Lettuce and Walkabout, have enrolled to use a new flexible pay benefit since its launch in April 2019.The financial benefit, provided by Wagestream in ...
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OpinionTony Pugh: Global challenges and solutions for DC pensions and financial wellbeing
A global financial wellbeing programme that takes into account localised pensions legislation, different taxation regimes and myriad different savings products might sound more like solving a Rubik’s Cube than building a benefits strategy.However, the DC pension and financial wellbeing global employee survey, published by Aon in June 2019, shows that, ...
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Supplier articleManaging Your Money In the Everyday
Whether we like it or not, money plays a crucial role in our daily lives and managing it effectively can help things run more smoothly. Life is easier when you have effective financial skills and taking the time to learn how to manage your money better on a day-to-day basis ...
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Supplier articleA Day in the Life of Financial Wellbeing
Being a freelancer means there is no typical day so I (Emma) can be working from home writing online content for an international bank one day, and then spending an hour with a community group talking about where to access debt support the next. I love the fact that I ...
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ArticleStaff at Bella Italia, Café Rouge and others draw down £902,623 with flexible pay
Staff employed at restaurant organisation Casual Dining Group (CDG), which operates 280 restaurants in the UK across brands such as Bella Italia, Las Iguanas and Café Rouge, have drawn down £902,623 since May 2019, using a new flexible pay benefit.The financial benefit, provided by Wagestream in partnership with Fourth, was ...
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ArticleTwo-fifths of employees with cancer value reduced or flexible hours
Approximately two-fifths (42%) of employees who have been diagnosed with cancer state that being offered reduced or flexible hours is one of the most valuable ways employers can help support them through treatment, according to research by Unum.The survey of 300 UK employees who have been diagnosed with cancer in ...