All Financial wellbeing articles – Page 9
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ArticlePower station staff employed by Nuclear Restoration Services strike over pay
More than 500 workers employed by Nuclear Restoration Services (NRS) have begun strike action today (29 May) in a dispute over pay and conditions.The craft technicians, general operators, engineers, maintenance fitters and safety advisors, who are members of trade union Unite, are based at the Dounreay power station in Scotland. ...
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ArticleStudy reveals the real-life salary of Legally Blonde's Elle Woods today
Credit: DFree / Shutterstock.comSomething for the weekend: Following the announcement of a prequel to the film Legally Blonde, a study by digital marketing firm Hennessey Digital has revealed what the real-life salary of lawyer and movie protagonist Elle Woods, played by Reece Witherspoon (pictured above), would be today.The firm first ...
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Article23% of employees unsure of pension size needed to achieve retirement income
Nearly one-quarter (23%) of UK employees are unsure of the size of pension pot they require to achieve their desired retirement income, according to research by online pension provider PensionBee.Its survey of 1,000 working-age UK adults also found that 15% of respondents thought they would need a pension pot of ...
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AnalysisHow can employers nudge staff into saving more into their pensions?
Credit: Stephen Barnes/ShutterstockNeed to know:Employers should seek to understand the competing priorities that might stop individuals saving for retirement.Inertia is a powerful tool: enrol people at a higher rate and most will not choose to opt-out.There is no one-size-fits-all when it comes to communications, which should be highly personalised.It is ...
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Article37% work through pain as they cannot afford to take time off
More than one-third (37%) of employees have worked through pain as they could not afford to take time off, according to research by National Accident Helpline.Its survey of 2,000 British workers also found that more than half of respondents have never taken a sick day during their career, while 28% ...
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Supplier articleMillions of UK adults may have lost money to a financial scam in the last year
– Common financial scams employees should be aware of12% of UK adults have admitted to losing money to a financial scam in the last year, according to new research[1] from WEALTH at work. This could potentially equate to 6.2 million adults[2] across the UK.The research found that of those who ...
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ArticleBarking, Havering and Redbridge University Hospitals NHS Trust increases pay rates
Credit: David Burrows / Shutterstock.comBarking, Havering and Redbridge University Hospitals NHS Trust has increased its pay rates to be in line with the London living wage, backdated to April.The trust, which operates Queen’s Hospital in Romford and King George Hospital in Ilford (pictured above), has uplifted its band two bank ...
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ArticleCost of poor employee mental health is £51 billion per year
The cost of poor employee mental health has been found to be £51 billion per year, down from £56 billion in 2021, but up from £45 billion in 2019, according to new research from Deloitte.The professional services network surveyed 3,156 working adults, of which 1,834 were working parents, for its ...
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ArticleNovus Health becomes living pension employer
Health provider Novus Health has received living pension employer accreditation from the Living Wage Foundation.The employer delivers free audiology, physiotherapy and dermatology services on behalf of the NHS. It employs 65 members of staff from its Horbury headquarters and four local health and wellbeing hubs in Wakefield, Pontefract, Normanton and ...
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ArticleVivup and Canada Life UK shortlisted for Best supplier to work for
Employee benefits provider Vivup and group protection and investment provider Canada Life UK have been shortlisted in the Best supplier to work for category at the Employee Benefits Awards 2024.This award was created to recognise an organisation that uses its benefits package to position itself as an attractive employer beyond ...
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ArticleSiemens and Stockton-on-Tees Borough Council shortlisted for Best pensions strategy
Technology firm Siemens and Stockton-on-Tees Borough Council are among the employers shortlisted for Best pensions strategy at the Employee Benefits Awards 2024.This award was created to recognise organisations that have developed a pensions strategy which best meets the needs of employees, whether that includes reviewing and changing existing pensions provision, ...
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ArticleSouth west London bus controllers at Transport UK accept pay rise
Bus controllers employed by Transport UK in south west London have accepted a pay rise following strike action.The bus controllers, who are members of trade union Unite, use technology to control the network and ensure buses run on time and avoid heavy traffic or accidents. The increase is worth 12% ...
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Article59% of managers have seen mental wellbeing impacted due to fewer resources
More than half (59%) of UK managers have reported that their mental wellbeing has been impacted as a result of being asked to do more with fewer resources, according to research by global benefits and reward platform provider Perkbox.Its survey of 2,000 UK managers also found that 49% said they ...
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Article54% of employees said their mental health has declined due to financial concerns
Half (54%) of employees have revealed that their mental health has declined due to concerns about their financial situation, according to new research by financial wellbeing platform Wagestream.Its State of financial wellbeing index 2024 report, which was compiled after surveying 2,000 employees, found that in the three months to May, ...
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Supplier articlehow ‘save as you earn’ share plan savers can avoid an unnecessary tax bill.
Many companies in the UK operate a Save As You Earn (SAYE) share plan, which offers employees a tax efficient way to invest in their company’s shares. Many of these are due to mature in the coming months and years, with some people likely to have doubled, or even tripled ...
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Supplier articlePensions Dashboards are only part of the picture - people need a wider view of their finances
The government has published statutory guidance setting out the staged timetable by which it expects pension schemes to connect to the Pensions Dashboards. Although the deadline for connecting is 31 October 2026, trustees and pension scheme providers are expected to aim to connect by the timetable outlined in the guidance ...
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ArticleActivate Group receives living wage employer accreditation
Accident management specialist firm Activate Group has received real living wage employer accreditation as part of its commitment to show appreciation and respect for its workforce.As of this month, Activate Group has committed to pay the real living wage rate of £12 per hour, resulting in its 220 UK team ...
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ArticleMuslim Aid receives living wage accreditation
UK charity Muslim Aid has been accredited as a living wage employer as part of its strategy to enhance employee satisfaction and retention, and demonstrate its commitment to social justice.As the charity’s head office is based in London, and the majority of its UK staff are based there, it wanted ...
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ArticleTribunal finds woman who worked unpaid for 20 years was constructively unfairly dismissed
An employment tribunal has found that a woman who worked unpaid at her family’s shop for 20 years was constructively unfairly dismissed after her employer falsely declared wage payments to HM Revenue and Customs (HMRC).P Mehat, a wife and mother of two, began working Monday to Saturday in the Premier ...
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ArticleFirefighters and fire control staff to receive on-call and maternity pay rises
Firefighters and fire control employees have received maternity pay improvements, as well as an increase to pay and the retainer paid while on-call.The package has been negotiated at the National Joint Council between the Fire Brigades Union and fire employers for some months and would be binding on all UK ...