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Concerns of ongoing financial crisis must be confronted now

Two out of three individuals say that worrying about finances has a significant impact on their mental health. The survey[1], conducted by Smarterly, found that 90% of employers agreed that financial worries had a negative impact on an employee’s mental health, while 87% also attributed financial woes to having an adverse impact on an employees’ performance.

Contributor: Steve Watson, Head of Proposition - Smarterly | Published: 23 May 2020

inflation inflation

Sterling teeters, is UK about to grind to a halt?

Hours after the PMI data confirmed that British manufacturers are cutting production at the fastest rate since 2012, the Bank has once again balked at the chance to stimulate the UK’s Brexit-addled economy with a rate cut.

Contributor: David Lamb | Published: 10 October 2019

2019 2019

Most of this year’s IPOs will have lost investors money in five years

“We avoid them not because we don’t believe in their business models or their growth potential, but because of a combination of the valuations of these businesses in relation to the risks involved as well as the fact many have never made a profit.

Contributor: Chris Andrews & David Simons | Published: 22 August 2019

2019 2019

What do the ISA season fund trends reveal?

The latest set of Investment Association (IA) data tells us where investors were putting their money in March, during peak ISA season. It was yet another poor month for the UK All Companies sector as investors pulled out £365 million, marking two years of continuous outflows.

Contributor: Laith Khalaf | Published: 4 May 2019

Birmingham is the payday loan capital of the UK

Wagestream analysed the amount of payday lending in each postcode area following a Freedom of Information request to the Financial Conduct Authority (FCA). The data reveals Britain’s ongoing dependency on payday loans, which can charge interest rates of up to 1,500 percent APR.

Contributor: Peter Briffett | Published: 24 April 2019

health health

Calls for Government to pay back £2.4 billion to public sector workers

Under a deal negotiated by unions including GMB on how to draw benefits due to the cost cap mechanism the £2 billion was going to be paid back to the workers by reducing their future pension contributions and/or improving benefits.

Contributor: George Georgiou | Published: 21 April 2019

targets targets

Help to buy is dying in London – declined by 64.3 percent since 2017

First-time buyers sprang into action when the government’s housing scheme was first launched in 2013, making the most of the equity loan which, in the capital, covers up to 40 percent of a new build home worth up to £600,000. 

Contributor: Joseph Daniels | Published: 31 March 2019

Impact of poor employee financial wellbeing is underestimated

While 88 percent of employers think that their employees worry about money, just a third (30 percent) think money worries impact their staff while at work. However, the reality on the ground is very different. Three quarters (73 percent) of employees say that money worries impact them at work. 

Contributor: Sir Cary Cooper | Published: 4 March 2019

High earning parents urged to check child benefit eligibility

As a result, affected parents have been landed with large backdated tax bills and penalty charges. Consequently, high earning parents claiming Child Benefit to check their tax affairs urgently to ensure they have not left themselves liable to additional tax liabilities totalling thousands of pounds in some cases.

Contributor: David Redfern | Published: 25 February 2019