Employee care | How to make financial wellbeing work

In 2020 we have seen an increased interest in Financial Wellbeing.

The global pandemic has brought challenges but also made the industry aware of the needs and requirements to support this topic within the Employee Benefits industry. Financial strain can impact people’s lives and considering the economy and challenging times, the fact remains that almost a quarter of the UK population has less than £100 in savings.¹ Employee financial education - as part of a wider wellbeing programme - seems essential now more than ever.

It is well documented that physical, psychological and financial wellbeing are intrinsically linked. And we’re seeing this play out now more than ever, with 23% of people saying their household finances have been impact by the pandemic. Those impacted financially reported lower wellbeing with 63% saying they felt stressed or anxious.¹

The question is, how do you design a programme that works for all when both individual circumstances and the world in which we live are constantly in flux?