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09 Sep 2020

YBS, Co-Op, Travis Perkins on how employers can help improve financial health of lower paid staff

A panel of employers and experts discussed practical (and free) ways employers can help engage lower paid employees to  improve their  financial wellbeing at REBA's Employee Wellbeing Congress.

Tracey Newton director of colleague experience at Yorkshire Building Society, Gary Dewin people director at The Co-Op Group, Paul Williams head of pensions and financial wellbeing at Travis Perkins and Jake Attfield challenge group lead UK strategy for financial wellbeing at Money and Pensions Service (MaPS) debated how employers can ensure the financial wellbeing strategies they have in place support all their employees from the lowest paid to the highest.

Gary Dewin, Co-Op Group said that the first thing employers should do is to go back to the fundamentals of financial health and ensure people have a good understanding of their money. He added that asking employees what they know and want will be a great help when establishing a strategy.