As technology continues to advance at a rapid rate, financial crime has taken on a new dimension, posing a multifaceted threat to financial institutions.
Employers believe anxiety related to financial worry and debt is the number one health and wellbeing concern among all generational employee demographics, with the exception of Baby-boomers.
An estimated one in 20 people are thought to have mislaid or forgotten a pension which averages £9,500 – money which could cushion the impact of rising prices, if they are 55 or older.
New report finds a substantial number of SMEs are failing to fully maximise the benefits of employee workplace pensions, leaving potential retirement savings untapped.
National Payroll Week falls 11-15 September and it’s an occasion designed to mark the hard work payroll professionals do to keep Britain paid. And they really do.
Financial uncertainties are hard to ignore, with over half saying that financial concerns distract from day-to-day work and 4/10 report long-term financial planning is causing them stress.
Employees who receive financial support at work are almost four times as likely to want to share money concerns with their organisation, according to new research.
Affordability - competing with budget for other business needs - was cited as the biggest challenge in supporting the health and wellbeing of staff, by 30% of employers.
Employers need crucial advice on how to support the wellbeing of individuals who are struggling to keep up with the cost-of-living crisis, and are now turning to multiple jobs or new ways to support themselves.
Employers must urgently break down social taboos around workplace money talk and encourage their employees to share their financial concerns with their colleagues.