WEALTH at work

As part of #PensionsAtWork100, the Pensions and Lifetime Savings Association and ITN Business have today released a programme to reflect on the advances made by the pensions industry to support good retirement outcomes. Take a look at our film which features Kerry Shiels from BT Group and Jonathan Watts-Lay from WEALTH at work

We are delighted to have launched a new interactive financial wellbeing platform - ‘money&me’. money&me helps employees build their knowledge of money through gamified learning and provides a personalised experience that builds over time. It covers a range of financial topics including Managing Money, Tax, Savings & Investments, Financial Health, Pensions and Life After Work. Contact us to book a demo https://shorturl.at/fKIIR

With many students set to enter the workplace in September, WEALTH at work shares the top 10 money tips that Graduates and School Leavers starting work will need to know https://rb.gy/d4e65g

Starting a first job is an exciting time. For some, it can mean the first time they are having to manage their own money. It is important that employees entering the workplace are taught about budgeting and responsible borrowing, as well as understanding the many workplace savings and benefits on offer so they can take control of their finances and build financial resilience.  Haleon is a multinational consumer healthcare company with over twenty thousand staff globally. It has partnered with WEALTH at work to provide financial education for employees starting off in the workplace. See our film...

Our report looks into how to boost pension engagement in challenging times. Split across three key sections, it takes us through the financial strain that the rising cost of living is having on many households and the impact on retirement plans. The report also examines current understanding and levels of pensions engagement and what support needs to be provided to help people prepare for their financial future.

According to CIPD's Labour Market Outlook, 21% of employers are planning to make redundancies in the three months to September 2024. When employees are facing redundancy, it is important to consider what support is in place to help them financially. See our overview of some of the key areas that employees will need to understand if they are made redundant. Find out more: https://rb.gy/47qhtl

Jonathan Watts-Lay from WEALTH at work recently appeared on the Breakfast Show for The Voice Of Islam Radio discussing how to manage debt and make good financial decisions. The interview also highlighted how people can save for the future and set financial goals. Listen to the interview in full here: https://shorturl.at/mP6ZD

"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. Defaulting members may have unintended consequences. For example, will retirees end up in a sub-optimal position because the default only considers that specific pension and not other pensions, or indeed other savings and investments that individuals may have?" Click here to see more from Jonathan Watts-Lay, Director, WEALTH at work

According to WEALTH at work’s 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%), not being able to pay basic living costs such as rent, mortgage payments, energy bills, food etc (34%) and being in debt (29%). To help with this, WEALTH at work has outlined some top tips below to help people cut costs and manage their finances https://rb.gy/lxx57t

Join WEALTH at work's upcoming webinar ‘It’s all about engagement’ on Tuesday 16th July in collaboration with Pensions Management Institute (PMI). Mark Hewitson will explore the challenges members face, why they may not be as engaged with their pension savings as they should be and how we can help members achieve better outcomes at retirement.  Click here to register https://shorturl.at/9VUmK