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