Nearly half of adults (47%) say that money worries affect their life, yet 49% say their employer does not do anything to help them understand their finances.
We are deeply saddened by the passing of Her Majesty, Queen Elizabeth II. Our thoughts are with the Royal Family at this sad time.
Half (50%) of 18–34 year olds say the increase in the cost of living has meant that they have reduced or stopped any regular savings.
The Association of British Insurers found an estimated 1.6 million pension pots are sitting unclaimed because they’ve been simply lost or forgotten about.
Jonathan Watts-Lay, Director, WEALTH at work, a leading financial wellbeing and retirement specialist, comments…
The cost of living crisis shows no signs of abating, piling pressure on every type of household after inflation rose by 9.4% in the 12 months to June 2022.
A survey of 2,000 UK adults was conducted by WEALTH at work, a leading financial wellbeing and retirement specialist. It asked people if there was anything they wish they had done differently when it comes to their finances, and what they wish they had known.
Over two fifths (42%) of UK adults say the increase in the cost of living has meant that they have reduced or stopped any regular savings.
A fifth (21%) of individuals have experienced someone trying to scam them out of their money, savings or investments.
This Debt Awareness Week (24th – 30th March), WEALTH at work - a leading financial wellbeing, retirement and workplace savings specialist, are encouraging employers to support employees to tackle money issues and build a saving safety net.
24th March 2025
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.
On Tuesday, the FTSE 100 and European stocks saw positive gains, while US stocks fluctuated before closing marginally higher. As we expected, reports this week suggest that the tariffs announced will be the highest amount set, giving countries the opportunity to take steps to bring the tariff amount down.
2nd April 2025
This morning, UK headline CPI reading slowed from 3.0% in January to 2.8% in February, while core CPI inflation, which excludes volatile items such as food and energy, slowed to 3.5% from 3.7%. However, despite this cooling, we expect inflation to speed up again in the coming months due to rising energy prices and the soon-to-be increase to employer national insurance contributions and minimum wage as this is likely be passed on to consumers.
26th March 2025
China’s economy showed promising signs in early 2025, with retail sales rising 4%, driven by the government’s strong efforts to boost domestic consumption and mitigate trade tensions with the US. Industrial production also grew by 5.9%, and fixed asset investment exceeded expectations with a 4.1% increase, adding a positive momentum to the outlook.
19th March 2025
