The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
New research launched today amongst 223 companies representing 1.3 million employees has revealed that more than half of employers (51%) plan to make changes to their financial wellbeing offerings in the next two years.
43% working-age people (equivalent to 14.6 million) are under-saving for retirement, according to a recent report by the Department for Work and Pensions. In addition, research from WEALTH at work found that in the last year, almost a quarter of UK employees (23%) have had to borrow money from family and friends because of money worries, and almost a fifth have taken on debt (18%).
Many companies in the UK operate a Save As You Earn (SAYE) share plan often known as Sharesave, which provides employees with a tax efficient way to invest in their company’s shares.
The start of this week has brought with it a host of UK data that has allowed investors to speculate about the Bank of England’s interest rate decision on Thursday.
Trade figures for August between the United States and China suggested this week that global supply chains may be shifting in response to the latest round of American tariffs.
Eurozone inflation edged up to 2.1% in August, keeping it broadly in line with the European Central Bank’s 2% target after several months of stability.