Nudge and City of London report: Workplace Financial Wellbeing: from intent to impact
It also calls on government and regulators to clarify guidance versus regulated advice boundaries, expand trusted financial education support into the workplace, and support consistent employer standards.
The report finds that employees feel that current support is often too generic. While employers increasingly recognise the importance of supporting their employees' financial resilience, there remains a clear ‘intent versus impact’ gap, with many organisations still struggling to translate ambition into meaningful, measurable outcomes.
Download the full report to find out:
- 94% of employers believe employees are confident managing retirement savings.
- 27% of UK employees say that they are happy with their retirement contributions and investments.
- 44% of the workforce either do not know whether they are contributing enough or do not understand how their retirement savings work.
Supplied by REBA Associate Member, Nudge
A leading financial wellbeing benefit using behavioural science & technology to help employees.
