The total value of lost pension pots has grown from £19.4 billion in 2018 to £26.6 billion in 2022. There are 2.8 million lost pension pots sitting unclaimed because they’ve been simply lost or forgotten about.
Jonathan Watts-Lay, Director, WEALTH at work, joined REBA for their webinar ‘Ways financial wellbeing is being reshaped to meet strategic HR goals’ to give his insight on our newly released Financial wellbeing research 2023.
Many leading employers, such as BT Group, are now providing quality financial education to their employees to help them build financial resilience as they move towards retirement.
Jonathan Watts-Lay, Director, WEALTH at work, joins REBA in a video interview to give his insight on our newly released Financial wellbeing research 2023.
New research from WEALTH at work has revealed that many full-time workers admit that money worries are impacting their work, with 23% struggling to concentrate and 15% saying their productivity has decreased.
The Reward & Employee Benefits Association (REBA) in association with WEALTH at work has launched the second in its series of workplace research – Financial Wellbeing Research 2023*, with responses from almost 200 companies representing over 1.5 million employees.
WEALTH at work have recently supported Drax employees to understand their options when their Sharesave plan reached maturity. See our case study on how this was achieved and what the results were.
According to research* from WEALTH at work, 1 in 3 (33%) employees think they won’t be able to afford to retire at all due to increasing costs.
Given cost of living worries and the notion this may be impacting pension savings, WEALTH at work conducted research* with employees to find out their thoughts into what’s happening in reality.
More than half (59%) of employers consider poor financial literacy as a major workplace financial wellbeing risk, according to research. A further 47% of organisations cite financial literacy as a challenge for improving financial wellbeing for the majority of the workforce.
How employees can reduce investment risk and avoid unnecessary tax.
We asked Jonathan Watts-Lay, Director, WEALTH at work, to tell us why workplaces may want to consider offering all employees share plans, the different types available and what they need to be aware of.
Jonathan Watts-Lay, Director, WEALTH at work, discusses why the demand for financial education at work is rising.
As financial pressure on household incomes continue, it is more important than ever that people are engaged with their finances, and this includes their pensions.
When it comes to securing our financial future there are often a number of decisions that must be made.