As global economic uncertainty escalates, redundancy threat remains a cause of stress for many. This is compounded by high levels of consumer debt – data shows many lack adequate savings to buffer against unexpected job loss. Alongside, shifts in UK demographics and spending habits mean retirement is increasingly unaffordable and too few people feel they possess the acumen to confidently plan their financial futures. Employers can do a lot more to help educate colleagues on financial wellbeing and security.
This episode, Cat, Jen and Dom chat with Heidi Allan who heads up Employee Financial Wellbeing at pensions and investment advisory firm LCP. LCP’s research into financial wellbeing provides illuminating data points that link financial worries to poor engagement, in turn impacting wider organisational performance.
Heidi’s work in this field highlights the benefits of offering financial education and support to anxious colleagues and showcases the opportunity for internal communicators looking to support colleagues in retirement and wider financial planning.
About Heidi Allan
Heidi has been in the pension and employee benefits industry since the early 1990s and has worked for organisations from both a consultancy and provider perspective. Over the last decade she has produced and authored a number of thought leadership papers on many facets of employee wellbeing. Heidi helps clients to understand their workforce and the challenges they may be facing, supporting them in providing a valued, engaging, and well-communicated benefits package.
Find Heidi on LinkedIn: https://www.linkedin.com/in/heidijallan/
LCP’s website: https://www.lcp.com/en
LCP’s employee wellbeing report: https://www.lcp.com/en/insights/publications/employee-wellbeing-report
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