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Financial Wellbeing

Feeling overwhelmed by your finances? You’re not alone

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A study of 2,000 adults found 43 per cent feel swamped by the choices they have to make about money. As a result, 53 per cent have avoided making certain decisions altogether as they couldn’t face it. But this head-in-the-sand approach left them feeling stressed (54 per cent), nervous (40 per cent), and upset 32 […]

A quarter of employers do not financially support long-term absent employees

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A quarter of employers do not financially support their employees when they are long-term absent from work according to research from GRiD, the industry body for the group risk protection sector. For most employees, remuneration is the primary reason they work, and GRiD believes that it’s important for employers to consider how they can financially […]

Report highlights disparities in employee financial wellbeing

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A report from financial wellbeing platform Nudge Global exposes the urgent need for UK employers to better support their employees in building financial acumen to improve employee mental wellbeing, drive financial inclusion, and support social mobility. The research finds that only 9% of UK employees learnt how to manage their money whilst at school, so […]

Money worries ‘impacting employee productivity’

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Covid has had an unprecedented effect on the UK economy and the country’s struggles have been much reported, but individual security has seen less publicity. However, personal debt is rising, and many households are facing financial difficulty, especially those with unsecured debt1. In addition to the personal turmoil, employees struggling with money will not have […]

The pandemic has improved employee engagement levels

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Employee engagement levels may have actually improved during the COVID-19 pandemic. That is the key finding of a recent survey undertaken by intermediary Howden Employee Benefits & Wellbeing. The research suggests than more than half (52%) of all the employers questioned believed that employee engagement within their organisation had either improved slightly (36%) or significantly […]