Financial wellbeing

How to tackle the cost of working crisis

Employers want the UK government to prioritise financial support for new workers, according to a survey conducted in March by the Recruitment and Employment Confederation (REC) in collaboration with...

Why employees don't discuss financial concerns with employers

Nearly three quarters (74%) of people have not spoken to their employer about their financial concerns, a survey by financial wellbeing platform Wagestream found.

Will 'people like you' regulation increase uptake of benefits?

New proposals from the Financial Conduct Authority to broaden the regulatory framework around financial guidance are likely to make it easier for organisations to engage employees with wellbeing...

Are auto-enrolment saving schemes a good idea?

The government should introduce auto-enrolment (AE) saving schemes to help more people save, the Resolution Foundation has urged.

State pension age must increase to 71 by 2050, researchers say

The International Longevity Centre has stated that the UK state pension age will need to increase to 71 by 2050, to remain affordable.

Half of employees have missed a bill payment due to inaccurate payroll

Nearly half (46%) of UK employees said they have missed a bill payment as a direct result of inaccurate payroll, according to payroll provider MHR.

Pensions top employee priorities, but SMEs prize other benefits

The majority (90%) of UK workers say pension is the most important benefit their employer can offer, but this isn't the same for SMEs.

Majority of low-paid workers using foodbanks

Despite inflation easing, 60% of low-paid workers have used food banks since September 2022, according to the Living Wage Foundation.

Senior HR disconnected from employee money worries

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.

Interest rates rise again; HR called on for support

The latest Bank of England interest base rate rise should have HR teams thinking about the financial and wellbeing support they offer staff, experts say.

News

Five new ways to get board buy-in for financial wellbeing initiatives

It’s a well-worn cliché that boardrooms only care about data. The cliché falls apart when you speak to HR directors that have actually got buy-in for wellbeing initiatives. A blended, tailored...

Asda introduces salary flexibility policy to help cost of living concerns

Asda’s new financial wellbeing policies will allow employees to access part of their wages early and monitor their earnings throughout the month.