Coronavirus exacerbates millennial anxiety around personal finances
Aug10

Coronavirus exacerbates millennial anxiety around personal finances

Two in five UK workers (40%) report increased financial anxiety in the wake of the Coronavirus pandemic, but it is millennials (those 25-34) that are the hardest hit with 51% saying they have suffered from increased anxiety around their personal finances according to the new ‘Changing Trends of Financial Wellbeing’ report from Close Brothers. Prior to the pandemic, just under half (48%) of UK employees were happy with the...

Read More
Low paid workers bearing brunt of the Covid-19 crisis
Jul14

Low paid workers bearing brunt of the Covid-19 crisis

New research by the Institute for Employment Studies (IES), funded by Standard Life Foundation, has found that low paid workers are bearing the brunt of the Covid-19 crisis. The analysis provides the first detailed assessment of official Labour Force Survey data for the post-crisis period.  It finds that: Employment has already fallen significantly for those in low paid jobs – down by four percentage points between February and...

Read More
Millions of British SME workers offered free financial advice during pandemic
Jun29

Millions of British SME workers offered free financial advice during pandemic

Millions of British workers are facing a personal financial crisis because of the economic fallout of the coronavirus pandemic. With over nine million1 people currently furloughed, the evidence for this mounting problem is growing: already 1.9 million2 mortgage borrowers have taken payment holidays, while a further 1.5 million3 people have been given payment holidays on their loans and credit cards. While the virus continues to...

Read More
Measuring candidate success in the Financial sector
Jun26

Measuring candidate success in the Financial sector

The financial industry is evolving fast all around the world. It is safe to say that this sector is nothing like what it used to be just a few decades ago. Once a highly traditional field has transformed into an almost fully-digital industry with modern technology being its main driving force. Queues in front of commercial bank branches are becoming rarer, whilst a soaring number of financial services are available on phones and web...

Read More
78% say Covid-19 has made them realise they need savings to fall back on
Jun24

78% say Covid-19 has made them realise they need savings to fall back on

According to a recent survey[1], three quarters of individuals say that the impact of the Covid-19 pandemic has made them realise the importance of having a savings pot to fall back on in the event of unexpected circumstances.  The research, conducted by Smarterly the fintech business focused on workplace savings and investments, found that this concern was somewhat higher amongst females with 80% of those surveyed expressing...

Read More
“Spend Local” Campaign calls for all returning office workers to use only independent shops for 3 months
Jun17

“Spend Local” Campaign calls for all returning office workers to use only independent shops for 3 months

Office workers returning to work this week are being asked to help their local economy by only spending money in small independent shops and businesses for the next 3 months. The campaign started by office space business Offices.co.uk is to encourage a shift in how we spend our money in and around our workplaces. They are asking all tenants to consider changing their spending habits away from National chains. “Our clients know as much...

Read More
Billionaire Breakdown: How does Jeff Bezos’ wealth compare to the rest of the world’s billionaires?
Jun05

Billionaire Breakdown: How does Jeff Bezos’ wealth compare to the rest of the world’s billionaires?

Small Business Prices has analysed the wealth of the world’s 2,095 billionaires. This study shows just how far the wealth of the 30 richest people would reach into space if it were to be stacked in $1 bills, and reveals which countries and industries account for the most billionaires. A new study by Small Business Prices reveals the wealth of the world’s billionaires if it was stacked in $1 bills. This has been measured against some...

Read More
How employers can help relieve financial burdens facing employees
May28

How employers can help relieve financial burdens facing employees

Mark Abrams, chief executive officer at Auriga, on how employers can put measures in place to help employees struggling financially.  Sadly, with all that’s going on around coronavirus, employees’ may be feeling under pressure in some aspects of their life. Whether it be physically, mentally or financially. When you see the results from a survey saying over two-thirds of employees in the UK are currently feeling worried, stressed...

Read More
More than a third of HR Directors say their organisation’s senior leadership team is not doing enough to address payroll problems
Apr09

More than a third of HR Directors say their organisation’s senior leadership team is not doing enough to address payroll problems

More than a third (36%) of HR Directors (HRDs) believe their organisation’s senior leadership team is not doing enough to address the potential business impact of inaccurate, late and non-compliant payroll practices. According to the survey of 250 HRDs at large UK companies, conducted by Zellis, almost all (94%) said that their organisation’s decision makers understand the risks created by getting payroll wrong, but only 58% are...

Read More
Hints and tips on managing money if you’ve been furloughed
Apr06

Hints and tips on managing money if you’ve been furloughed

The Government’s furlough scheme allows for 80% of salary, up to £2,500, to be reclaimed by the employer per month. Many companies are now taking advantage of this scheme in order to protect cash and ensure the longevity of the business when social distancing restrictions can be lifted later in the year, say tax and advisory firm Blick Rothenberg David Hough a partner at the first said: “For many employees this is a far better outcome...

Read More
How can employee debt affect you?
Jan16

How can employee debt affect you?

Despite most people getting into debt at some point in their lives, the issue is generally treated as a taboo topic. The reasons for this are unclear. Perhaps it’s the British attitude of ‘not wanting to cause a fuss’ or maybe those in debt feel ashamed or embarrassed by their situation. There is definitely a difference between ‘good’ and ‘bad’ debt. The former allows us to move on with our lives; mortgages are often necessary for us...

Read More
How To Get A Pay Rise In 2020
Jan02

How To Get A Pay Rise In 2020

Are you looking for a pay rise in the new year? If you believe you’re working above your pay grade and are consistently producing good results, then why not ask for one?  New data from job search engine, Adzuna, shows the start of 2019 saw average advertised salaries reach almost £35k – the highest level recorded all year. With this in mind, there’s no better time to take charge of your career and ask your employer for a...

Read More
Third of Brits are unprepared for their financial futures
Dec05

Third of Brits are unprepared for their financial futures

The UK’s leading price comparison website, MoneySuperMarket, looks at UK savings and discovers that many Brits haven’t made provisions for their dependants after they die or started planning for their finances in later life. Just 42% of all respondents admit to currently having life insurance – 9% more than in 2018. However almost half (46%) still do not plan on taking out a life insurance policy, despite it being one of the best ways...

Read More
New Workplace Finance report reveals rising debt may be driving the growing popularity of workplace finance solutions
Nov19

New Workplace Finance report reveals rising debt may be driving the growing popularity of workplace finance solutions

To mark Talk Money Week (18th- 22nd November), Howden Employee Benefits & Wellbeing (HEBW) has published a new independent ‘Workplace Finance’ report on the solutions offered by three of the main workplace finance providers in the UK, (Neyber, FairQuid and Salary Finance). The report aims to help employers understand the workplace finance solutions and tools available, how they work and the most relevant options for their...

Read More
UK political and economic uncertainty taking toll on wage packets in the UK
Oct21

UK political and economic uncertainty taking toll on wage packets in the UK

The majority of UK salaries (53%) have suffered pay freezes or decreases over the past 12 months, according latest data revealed today by leading global job search engine Jobrapido.  Nearly a quarter of salaries (24%) have frozen whilst nearly three in ten (29%) have decreased. The research examined the salaries of more than 1.2 million jobs across more than 20 different industry sectors across the UK between the period of July...

Read More