Helping staff to look after their finances
With a new generation of staff facing a future without defined benefit pensions, there’s a strong argument for employers to help them become more financially stable
The push to promote financial wellness in the workplace has gained considerable traction in the US over the past two years.
Megan Yost, head of DC participant engagement with State Street Global Advisors (SSGA) explained this growth. “In the US, employers had been very focused on ensuring their compliance with new healthcare regulations in recent years and implementing retirement plan design features like auto-enrollment and auto-escalation,” she said.
“But finally, with progress in...
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