Savings can also be a cause of stress

Reading a story today on CityAm* about a recent survey conducted by Equiniti on employees and their saving habits; few things stood out.

Just under half (46 percent) of workers want their employers to offer them financial education,...

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Credit Scores: does the past predict the future?

Credit scores were designed to measure the risk of default by taking into account various factors in a person’s financial history. These factors can be grouped into the following categories below (the percentages are the weights contributing to the FICO score*, the predominant...

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Payday lender to pay £34m to customers

Today it has been reported that Payday lender, CFO Lending, has agreed with FCA to pay £34 million to 97,000 customers for its unfair trade practises. Some of the unfair practises being referred to are overcharging customers, sending threatening letters, and failing to help...

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M&S pay row: a view

Britain’s most famous high street retailer “M&S”, which has been going round in circles for years trying to fix its ailing clothing business, has come up with a solution which has embroiled them in a dispute. M&S is consulting staff over the axing of premium pay on Sundays, and cuts to the pay for bank holidays...

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Brexit: Implications for HR

Leaving the European Union is a substantial step for any member state to take. The decision is in many ways a social, cultural and political one, but it is also one which carries economic implications. The United Kingdom’s decision to leave the European Union, or ‘Brexit’, has consumed much debate. The magnitude of the economic costs...

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Reduce Employee Financial Stress: Reduce Employee Turnover

Low financial capability and resilience is and has been a significant cause of stress across the UK workforce. These money worries have a clear impact on their productivity at work and attrition rate.

Employers always have an impact on the financial wellbeing of their workforce as the primary source of...

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Things that make you go Yay!

When you start a new business typically you are focussing on idea validation, market validation, product validation to begin with. Very soon you move on to market sizing, revenue and expense forecasting, cash flow models to ensure you can not just grow fast, but survive too. Go-to-market plan execution then consumes you.

In all of...

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New Employee Benefit Loan Scheme officially released to Lancashire Businesses

FairQuid, a new employee benefit loan scheme which promotes employees’ financial wellbeing, has recently exited its trial period and been officially released to the Lancashire business community.

Initially launched and trialled at 645-strong Darwen based manufacturing company WEC Group Ltd, the scheme aims to improve employee engagement and retention by...

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