Financially Fit For the Future?

There is potential for digital innovators to create platforms that give customers a holistic view of their financial wellbeing, finds this report from Capita Consulting.

Key points include:

• Financial stress is estimated to cost the UK economy £121 billion in lost productivity each year
• According to the FCA, nearly half of UK adults have limited financial knowledge
• Financial worries prevent 59 percent of UK employees from performing at their best at work
• Two-thirds of the UK's 45-54 year olds have not prepared for retirement
• Financial wellbeing goes beyond day-to-day money management