The coronavirus crisis and financial resilience
The proverbial 'rainy day' that we've long been told to prepare for has arrived. The coronavirus crisis has engulfed the UK economy in ways no one could have forseen - and the need for that 'nest egg' has become clear. People's financial resilience is being put to the test - and, unfortunately, many are failing.
The current crisis presents an opportunity for employers to reconsider how they support the financial wellbeing of their employees. Simply helping them to save for retirement is clearly no longer enough - instead, they need to take a more holistic approach; one that takes into account employee's short-, medium- and long-term savings needs in an integrated, easy-to-understand fashion.
Cushon’s latest research provides statistics around how financial worry can impact employees mental health and performance, and recommendations on how employers should proceed with this knowledge and providing a more holistic financial workplace benefit.
Download Cushon’s latest research.
Article by
NatWest Cushon
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