
Financial resilience now seen as a key concern for employers and workers – WEALTH at work
45% worried about not having enough for unexpected costs, 29% were concerned about affording basic living costs, and 26% were worried about debt.

45% worried about not having enough for unexpected costs, 29% were concerned about affording basic living costs, and 26% were worried about debt.

The National Coalition for Workplace Savings aims to boost access to workplace savings schemes for more staff across the UK.

The Reaching Resilience report showed that over four in 10 had no protection in place, either from themselves or their employer.

The fourth Reaching Resilience Report showed 33% hold pet insurance, compared to 25% with critical illness cover and 25% with income protection.

The discussion looked at the role employers can play in supporting financial wellbeing, improving retention and productivity, and backing economic growth.

The report found that 12% of leaders said they are not affected by money worries, while 89% said their working lives suffered due to financial stress.

The FCA worked with partners to clarify how employers can stay within national minimum wage rules and how providers can meet financial promotions requirements.

Wagestream’s savings product, in partnership with Investec, comes with no minimum deposit or fees and is open to all members.

New research reveals a widening gap in financial resilience, as more people struggle with savings while wealthier households continue to build financial security.

The survey found a third of adults with a DC pension had less than £10,000 saved, while 12% did not know how much they had in their pension pot.

This strategy includes events, mental health courses, leadership training, forums for workplace champions, and financial health courses.

Over two thirds (69%) of workers saying they feel financially resilient, up from 65% in 2023, according to new data from LV=.
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