In the last year, more than one in five UK employees (22%) have had to borrow money from family and friends because of money worries, and a fifth have taken on debt (20%).
WEALTH at work, a leading financial wellbeing and retirement specialist runs financial education seminars for graduates and those early on in their career for some of the UKs leading companies, to provide guidance on managing their money and explain the many workplace benefits on offer.
According to CIPDs Labour Market Outlook, 21% of employers are planning to make redundancies in the three months to September 2024.
As a result of the new Pensions Bill, announced in the King’s speech, it will be interesting to hear more of the plans for trust-based schemes to be legally required to offer retirement income solutions to members, including default investment options.
According to WEALTH at work’s latest research of over 2,000 workers, the biggest financial concerns for the year include not having enough savings for unexpected costs (40%), not being able to save enough for the future (38%),
The number of people in full-time employment who believe they will never be able to afford to retire because of the impact of the rising cost of living is on the rise, with two fifths (39%) of workers claiming they will never be able to afford to stop working, up from one in three (33%) twelve months ago.
The government has published statutory guidance setting out the staged timetable by which it expects pension schemes to connect to the Pensions Dashboards.
As announced in The Spring Budget, National Insurance (NI) is reducing from 10% to 8% from April 2024.
With the end of the tax year fast approaching, there is still time for individuals to take full advantage of their £20,000 ISA allowance.
There is just over a month left to check and fill any gaps in National Insurance (NI) records going back to 2006 to boost State Pension entitlement. As a minimum of 35 years of NI is needed to receive the full State Pension payment, anyone who thinks that they may have any gaps in their records should check their entitlement now so they can consider filling these before 5 April.
26th February 2025
With the end of the tax year fast approaching, there is still time for individuals to take full advantage of their £20,000 ISA allowance.
According to CIPDs Labour Market Outlook, one in four (25%) employers are planning to make redundancies in the three months to March 2025, another record high outside of 2020.
21st February 2025
On Friday, Chinese policymakers lowered their inflation target to around 2%. By Monday, the National Bureau of Statistics reported that February's Consumer Price Index (CPI) had fallen 0.7% year over year, with core inflation—excluding food and energy—declining by 0.1% last month.
12th March 2025
China’s Caixin manufacturing PMI climbed to 50.8 on Monday, marking its strongest expansion in three months and exceeding expectations. Since last October, the private-sector PMI has consistently stayed above the 50-point threshold that distinguishes growth from contraction.
5th March 2025
This week has been relatively quiet for financial markets, but there are signs of renewed momentum in Europe's luxury goods sector which, after a period of sluggish performance, appears to be enjoying moderate revival.
26th February 2025
