Below we summarise some of the key facts from our Future of Financial Wellbeing survey. To receive a copy of our report, complete the form on the right, or below on a mobile device.
Increasingly there is a focus on developing a financial wellbeing strategy
Four in five employers are looking to develop a financial wellbeing strategy that is effectively communicated and delivered in the next two years.
Why the focus on financial wellbeing?
Key reasons for employers include:
- Support broader wellbeing initiatives (88%)
- Enhance benefits package (68%)
- Duty of care (60%)
A broad agenda for change
Employers are planning changes in the following areas:
- Enhanced communication and decision support around financial wellbeing (67%)
- Improved data to measure outcomes and employee behaviour/views (48%)
- Enhanced/integrated delivery of benefit programmes (39%)
- Change benefits designs, new benefit options (33%)
- Additional funding, flexible benefits (20%)
Employers open to encouraging savings
49% of employers are thinking to add new workplace savings options (share plans, corporate ISA or LISA accounts, pension sidecar, etc.)
However, pension provision is still a priority, but wider savings and debt solutions are gaining interest
Employers planning to provide greater assistance in:
- Savings for retirement (79%)
- Debt solutions (55%)
- Emergency savings (48%)
- Saving for housing (35%)
Related content tags, list of links
Survey Report
Wellbeing
Health and Benefits
Wealth Management
Pandemic Risk and Response
United Kingdom
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