Constant money worries impact millennials’ job performance
Sep11

Constant money worries impact millennials’ job performance

New research from Close Brothers reveals the state of financial wellbeing of the UK’s millennials, with 87% admitting that money worries affect them while they’re at work. The Close Brothers Financial Wellbeing Index, developed in conjunction with renowned corporate wellbeing expert Professor Sir Cary Cooper, reveals that more than half (53%) of 18-34 year olds worry about money either always or often. This anxiety is far less common...

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Payday millionaires no more: Brits are opting to increase savings and budget better
Sep04

Payday millionaires no more: Brits are opting to increase savings and budget better

New research by pensions advice specialist1, Portafina, has investigated the spending habits of the country; unveiling that Brits in full-time work spend a fifth (21%) of their disposable income within 24 hours of being paid. Comparing the 2019 research to the results of the same study from 20172, the data from Portafina reveals how much disposable income is blown after payday and how the nation’s payday millionaire spending...

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Women make up only a quarter of executive boards at top accountancy practices
May21

Women make up only a quarter of executive boards at top accountancy practices

An online employee referral recruitment platform has analysed the data from the top 25 accountancy firms in the UK and found that women make up just a quarter of the executive boards, however statistics show that in 2014 women made up 44% of full-time accountants in the UK. The analysis also found that, out of the 10 most common names on the executive boards, the first female name, Sarah, only comes in 10th and none of the boards have...

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New legislation to help women at risk of being underpaid
Apr29

New legislation to help women at risk of being underpaid

Women are more likely not to notice if their employer underpays them. This is according to new research by ADP, a leading global technology company providing human capital management (HCM) solutions, that revealed that almost one in three women (30%) do not always check or even understand their payslips, and subsequently wouldn’t realise if they were paid incorrectly. The ADP Workforce View research surveyed over 10,000 employees...

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Employees with money worries are 50% more likely to report signs of poor mental health that affect performance at work
May31

Employees with money worries are 50% more likely to report signs of poor mental health that affect performance at work

New analysis by The Money and Mental Health Policy Institute, sponsored by Salary Finance, has revealed that over two thirds (67%) of employees who are struggling financially report at least one sign of poor mental health that could affect their ability to function at work. Symptoms include loss of sleep, poor concentration, and reduced motivation. With 5% of employees saying that they are finding it difficult to make ends meet,...

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New report: Brexit and ‘zero hours’ contracts undermining financial wellbeing of UK workers 
May24

New report: Brexit and ‘zero hours’ contracts undermining financial wellbeing of UK workers 

Almost half of workers are borrowing to meet day-to-day financial needs A quarter of workers have a monthly income fluctuation of more than 10% 39% of employers think employees would approach them for financial assistance – but only 3%* of employees would turn to them for help A nationwide study of the financial wellbeing of UK workers ‘The DNA of Financial Wellbeing 2017’ report, shows that employee financial confidence has...

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New financial product available from today – but 40% of UK don’t know what a LISA is!
Apr06

New financial product available from today – but 40% of UK don’t know what a LISA is!

As the Lifetime ISA (LISA) comes in to affect, Barnett Waddingham’s latest financial study reveals financial priority concerns and knowledge shortfalls amongst the UK. 65% of Brits admit to losing sleep over their finances 36% reveal their main financial priority is to save for a house The Lifetime ISA (LISA) comes into effect in April 2017 and only 40% of people are aware of what this offers 45% said they might contribute more to...

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