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WEALTH at work - a leading provider of financial education, guidance and advice in the workplace

WEALTH at work listed as one of the ‘1000 Companies to Inspire Britain’ 2019 by the London Stock Exchange Group

Press release uploaded by on 26 June 2019

WEALTH at work, a specialist provider of financial education and guidance in the workplace supported by regulated financial advice for individuals, has once again been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain. The report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses. […]

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Financial education is fundamental to improving pension engagement

Press release uploaded by on 17 May 2019

The Pensions Policy Institute (PPI) has released its latest research findings ‘Engagement pathways in workplace pensions: an overview of pension decision-making’[1]. The report outlines that there may be 12 million individuals who are under-saving for their retirement and highlights the need for a better understanding around how individuals make decisions about their pension following automatic […]

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Pensions dashboards are only part of the picture

Press release uploaded by on 8 April 2019

The Department for Work and Pensions has published its response to its consultation on pensions dashboards. Some of the main details from its plans include; The Single Financial Guidance Body (SFGB) which has recently been renamed the Money and Pension Service, will lead the delivery of the initial phase of the project and will bring […]

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DB pension transfers: how to achieve good member outcomes

Press release uploaded by on 25 February 2019

Freedom and choice in pensions has seen increasing numbers of defined benefit (DB) members transferring their scheme into something more accessible. Jonathan Watts-Lay, Director, WEALTH at work, comments; “The FCA has been concerned around the quality of pension transfer advice given to members and carried out a review into it. It revealed in December that […]

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The building blocks of an effective financial wellbeing strategy

Press release uploaded by on 7 January 2019

Nearly half (46%) of all UK adults rate their own knowledge about financial matters as low and almost a quarter (24%) have little or no confidence in managing their money. The impact of this is clearly being felt in the workplace with research finding that employers believe that financial worries cause increased levels of stress […]

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6 steps employers can take to help employees who are retiring in 2019

Press release uploaded by on 18 December 2018

The New Year is the perfect time for employees to take stock of their finances and those who are approaching retirement will have a number of decisions to make given the freedom and choice in pensions. Many will turn to their workplace for support with this. Therefore WEALTH at work has created a list of […]

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Poll reveals little support for defaults at-retirement without financial guidance

Press release uploaded by on 27 November 2018

Speaking at the Personal Investment Management and Financial Advice Association annual conference, the Treasury Select Committee chair Nicky Morgan has called for the introduction of default guidance before individuals are allowed to access their pensions. This stance is supported by a recent poll* by WEALTH at work which found that 86% of respondents believe that […]

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New figures show individuals pay almost 20 times more in tax for breaching the Lifetime Allowance

Press release uploaded by on 11 October 2018

HM Revenue & Customs has released new figures* showing that the tax collected from individuals breaching the Lifetime Allowance (LTA) has rocketed by £97m since it was introduced in 2006, with the latest figures showing that £102m in tax was collected from individuals exceeding the allowance during 2016/17, compared with less than £5m in 2006/7 […]

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Individuals pay ten times more in tax for breaching the Lifetime Allowance – 1,000% more than ten years ago when the allowance was introduced

Press release uploaded by on 20 August 2018

The tax collected from individuals breaching the Lifetime Allowance (LTA) has rocketed by £100m since it was introduced in 2006, with the latest figures showing that £110m in tax was collected from individuals exceeding the allowance during 2016/17, compared with less than £10m in 2006/7 when the LTA was introduced. WEALTH at work, a specialist […]

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Don’t ditch the LISA – it could be a great addition to the benefits package!

Press release uploaded by on 9 August 2018

The Treasury Committee has called upon the Government to abolish the Lifetime ISA (LISA) stating that it has received strong criticism over its ‘complexity, its perverse incentives, its lack of complementarity with the pensions saving landscape and its apparent lack of popularity with the industry and pension savers’. Jonathan Watts-Lay, Director, WEALTH at work, comments; […]

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