Cost of living pressures drive changes to staff financial wellbeing support, research finds
Two-fifths (40%) of employees believe money worries affected work performance by causing increased stress levels.
Debt concerns impact workplace performance for nearly a quarter of employees, research reveals
Research from WEALTH at work found that 23% of UK workers borrowed from family and friends, and 18% took on debt in the past year due to financial worries.
Employees have under two months to fill gaps in National Insurance records
A minimum of 35 years of NI contributions is required to receive the full State Pension.
Redundancy payments can help cover debt or mortgage, says WEALTH at work
WEALTH at work outlined key areas to consider for those made redundant.
Current auto-enrolment contributions fall short of adequate retirement income, warns WEALTH at Work
AE thresholds will remain unchanged for 2025/26, meaning total pension contributions will stay at 8%.
73% of employers concerned about financial stress impacting working parents’, research finds
REBA and WEALTH at work found financial stress is a significant factor affecting the mental wellbeing of working parents.
60% of employers plan to offer pre-retirement support, research finds
The Pensions and Lifetime Savings Association estimated that a single retiree needs £14,400 annually for a minimum standard of living.
Employees should maximise workplace benefits to manage finances in 2025, says WEALTH at work
Financial experts advise employees to aim for an emergency fund that covers three to six months of living expenses, with even small contributions adding up over time.
Nearly half of UK workers unaware of pension investments, finds new study
New research from WEALTH at work reveals a significant gap in pension awareness among UK workers, with 49% unclear about their pension investments and many not knowing their pensions are invested at all.
