Menu
Home News Personal Group offers...

Personal Group offers its customers access to financial wellbeing through partnership with Neyber and SalaryFinance

News /

Financial worries plague one in four employees, according to published research

8th June 2017Personal Group is partnering with Neyber and SalaryFinance, which will allow Personal Group’s clients to offer their employees access to financial wellbeing solutions including loans direct from salary, on-site financial education, and saving products.

Through the initiative, employees will have access to affordable borrowing with low APRs and manageable repayments that are taken directly from payroll.

Wellbeing in the workplace is often synonymous with physical and mental health; however, financial wellbeing is becoming more and more prevalent. According to the 2017 DNA of financial wellbeing report from Neyber, 58% of employees admitted to being mentally and physically affected by financial worries. With 33% of employees citing financial worries as the biggest concern, ahead of health, relationships and work life balance. These financial problems are not necessarily because of poor financial management, but increasingly external factors such as the rising costs of education and housing, depressed wages, rising childcare costs, and energy and food prices, are taking a toll on employees across the UK.

There is a compelling business case for providing employees with financial support. Businesses and organisations are feeling the impact of poor financial wellbeing and the potential impact it can have on productivity and health in the workplace. According to the CIPD in published data released earlier this year, 1 in 4 workers report that money worries have affected their ability to do their job. Household debt has also reached unprecedented levels: household debt is higher than in 2008 before the financial crisis.

Mark Scanlon, Chief Executive at Personal Group commented: “Offering additional support such as fairer finance schemes is a practical way employers can improve the overall wellbeing of their staff. This proposition is about offering practical financial support as part of an overall benefits package. We are enabling employers to address all aspects of their employees’ wellbeing, physical, emotional and financial through a truly holistic wellbeing programme.”

Contact us

Tel: 0800 542 5930

Social Channels

 

If you need help with a claim or you have any query about your policy, please call 0800 542 5930 (calls are free from a mobile)
or email crm@personalgroup.com

Or log onto the Gateway

 

If you want to find out more about Hapi, give us a call anytime on 0333 0058022 or email us at hellohapi@personalgroup.com.

If you’d rather we call you, fill out the form below and we will be in touch.

Address

John Ormond House
899 Silbury Boulevard
Central Milton Keynes
Buckinghamshire
MK9 3XL

Click here for a map.

Sign Up

Tel: 0800 542 5930

Address

John Ormond House
899 Silbury Boulevard
Central Milton Keynes
Buckinghamshire
MK9 3XL

Click here for a map.

Social Channels

10 key insights on employee happiness

We’ll be in touch from time to time, with more insights to help you on the road to hapi-ness. Hopefully this will be the beginning of a beautiful friendship!

To download a copy of The Business of Engagement – Improving Productivity through People please complete the form below