Employers are underestimating employees’ need for financial support during the cost of living crisis, new research has found.
In the UK, the average worker has £28,000 in stranded pension pots, according to new research from wealth manager Netwealth.
A majority (69%) of UK workers have said the retirement age of 66 should be lowered, according to a new survey from investment comparison site Interesting Reviews.
Only 3% of senior HR professionals worry about money every day, compared to almost a quarter (22%) of UK employees, according to financial wellbeing service Bippit.
Pensions have been in the news a lot but do employees understand them? If not, how can employers step in? Dan Cave reports.
Asda’s new financial wellbeing policies will allow employees to access part of their wages early and monitor their earnings throughout the month.
Just a third (34%) of women have considered the impact reducing working hours could have on their pension contributions, compared to 62% of men according to research from think tank Phoenix Insights.
Financial literacy is the passport to future-proofing your career. As an HR professional, you may not be au fait with the language of finance, but it’s important to understand the numbers so that you...
The current economic climate means there has never been a greater need for HR to be supporting their workforce with practical financial solutions that are affordable and make an impact. With inflation...
As the cost of living crisis deepens, people are increasingly looking for support with their finances. With a proven link between financial stress and mental and physical health, there is every reason...
Last week, prime minister Liz Truss announced a cost of living support package which included capping typical annual household energy bills at £2,500 for the next two years.
With soaring energy costs and high inflation making headlines in 2022, employees’ finances have never been so tight, and this is having a direct impact on employee wellbeing. T