Financial wellbeing moves up the agenda – Close Brothers Asset Management

UK employers are beginning to prioritise the financial wellbeing of employees, according to research from Close Brothers Asset Management Business Barometer. Almost 60% of organisations with a staff wellbeing strategy now include a financial wellbeing element and a further 19% are considering adding one. Financial wellbeing provision varies with sector; 70% of service sector employees offer financial wellbeing compared with only 49% of public sector organisations.

Jeanette Makings, Head of Financial Education at Close Brothers, said:

‘With so many changes to the personal finance landscape, employers play a pivotal role in supporting their employees’ financial wellbeing and there are several ways they can provide this, whether it is via seminars, online resources, tools and case studies, webinars and podcasts or one-to-one sessions.’

The Business Barometer is a quarterly report commissioned by Close Brothers Asset Management, surveying 906 employers: www.closebrothersam.com/