Briefing: Financial Wellbeing Research 2024
This four-page briefing provides key insights from the REBA Financial Wellbeing Research 2024, published in partnership with WEALTH at work.
If you don’t have time to read the full report, this free download will enable you to read the key findings and actions from the third edition of REBA’s Financial Wellbeing Research 2024, which explores how employers can build a forward-looking and inclusive financial wellbeing strategy.
Based on responses from 236 employers including: GSK, Procter &Gamble, Shell Energy Retail, and Standard Chartered Bank, this year’s research explores how factors such as environmental, social and governance, ageing and medical costs are changing behaviours and employers’ approaches to financial wellbeing.
The report also examines the impact of life events, such as caregiving and divorce, the imminent need for pre-retirement planning and mental health as intertwined drivers of change.
The full report will give you benchmarking data, DEI agenda changes, tax implications, evolving EVPs and a blueprint of the ‘why’ and the ‘how’ for future employee wellbeing success.
About the research
This research was conducted as an online quantitative survey between April and May 2024 among REBA’s membership community and wider database of HR professionals. It achieved participation from 236 predominately medium to large organisations, representing an estimated 1.3 million employees. This approach ensured a broad and diverse set of data, reflecting a cross-section of employer sizes and industry sectors in the UK.
Contributors
Naomi Alexander
Naomi has been head of reward and recognition for the multi-service provider Utility Warehouse since August 2023. Naomi’s responsibilities include creating a proactive reward and wellbeing strategy for the growing company that supports a broad demographic. Prior to this, Naomi was head of reward at Cazoo and has held other senior reward roles at Boston Scientific, BTG and Arqiva.
Alan Becken
Alan is responsible for Salesforce’s global retirement and financial wellbeing strategy, supporting 80,000 employees across 35 countries. With over 20 years’ experience in both consulting and in-house roles across a variety of industries, Alan is passionate about empowering employees to make sound financial decisions and to feel confident about their financial situation.
- LinkedIn:
- https://linkedin.com/in/alan-becken/
Ant Donaldson
Ant has worked for specialist trade merchants Wolseley UK Group since 2021 in the role of reward manager. His responsibilities include leading on all aspects of employee benefits, pensions and company car schemes across the UK and Ireland. Prior to this, he managed E.ON UK’s reward and benefits activity for several years, including developing the E.ON Group’s first global employee benefits strategy.
Tim Middleton
Tim has worked in the pensions industry since 1987. His roleshave covered consultancy with Bacon & Woodrow (now Aon),Mercer and Barnett Waddingham. He works extensively onPMI’s Policy and Public Affairs Committee and provides inputinto the institute’s education and events programmes. He alsowrites for the pensions press. He is a Fellow of the PMI andholds the CII’s Diploma in Financial Planning
Oliver Morley
Oliver brings a blend of senior private-sector experience at Reuters, combined with a unique record of change leadership as a CEO in the public sector.
Oliver is committed to seeing MaPS reach its full potential to help people, particularly those most in need, to make the most of their money and pensions.
Debi O'Donovan
I’m Debi and I co-founded REBA in 2015, where I am a director. I enjoy sharing insights, data and information about employee benefits and pay via articles, research, guides and videos because I believe it helps so many employees receive better reward packages than they would if REBA didn’t distribute this knowledge. REBA has a great community and it makes my work fun to talk to the wide variety of people working in reward and benefits through our events, both large and small.
- Email:
- [email protected]
- Phone:
- 07740 056590
- Twitter:
- @debiodonovan
- LinkedIn:
- https://linkedin.com/in/debiodonovan/
Oluyomi Okunowo
Oluyomi has worked at beauty leader Wella Company since 2020, and in the role of global head of total reward and people operations since 2022. His responsibilities include total reward, performance management, organisation design and HR systems. Prior to this, he held senior reward and compensation roles at Coty and AstraZeneca among other companies.
Michaela O’Reilly
Michaela has been head of HR and reward analytics at Ipsos Mori since 2019, having joined the polling company as reward manager in 2016. Her responsibilities include leading total reward strategies, benchmarking and compensation structures. Prior to this, she was UK pensions manager for American Express and has held pensions roles at Friends First Assurance and Davy.
Nina Platt
Nina has worked at vehicle glass repair and replacement group Belron UK since 2018, holding the role of head of reward and pensions since 2019. She is responsible for the development and delivery of all reward aspects of the people strategy. Prior to this, she held reward roles at Britvic, Sainsbury’s Argos and Philips, among other companies.
Johnny Timpson OBE
Johnny is a financial inclusion commissioner and has roleswith the Building Resilient Households Group, VocationalRehabilitation Association and the Supporting Healthy Ageingat Work project at the University of Edinburgh Business School.He is currently lobbying for a government-led National FinancialInclusion Commission and an independent Household FinancialSecurity Commission.
Louise Woodruff
Louise’s areas of expertise include living standards, pay, employment, forced labour, labour markets, skills, working with employers, services and local government, immigration, and slavery. She studied biological sciences at St. John’s College, Oxford. Her background is in education, having previously worked on developing widening participation activity at the University of Oxford after starting her career as a science teacher.
Jonathan Watts-Lay
Jonathan is one of the original founders of WEALTH at work. He has worked with companies across the UK to help their employees improve their financial future through the provision of financial education, guidance and investment advice. He is a recognised commentator on a range of financial matters, from helping employees make the most of their pay and benefits, to planning for retirement.
- Email:
- [email protected]
In partnership with WEALTH at work
WEALTH at work is a leading financial wellbeing and retirement specialist - helping those in the workplace to improve their financial future.
