Responsible lending & borrowing where does the buck stop?
Responsible lending is to ‘act in a customer’s best interests, ensuring affordability, transparency of terms and conditions and supporting a borrower if they experience repayment difficulties’. Lenders have a responsibility to make sure borrowers understand the details of a loan and carry out thorough checks on any borrowers, so they can be confident that what […]
Financial wellbeing and the big return to work
Financial wellbeing benefits and support are starting to gain traction amongst businesses and their employees. However, the subject is still not a high priority on every organisation’s boardroom agenda. Many are taking time to be convinced that offering a financial wellbeing program will have a positive impact on the bottom line and help its workers. […]
Employee wellbeing and the return to work
Employee Wellbeing: No industry or sector has been unaffected by the outbreak of COVID-19. Many people have had to make significant changes to their daily lives, at relatively short notice, including how they work – whether that’s hours, location, or even being able to do their job at all. The impact will be felt for […]
Go-Float becomes Elva
Go Float becomes Elva: Following our merger with Lowermycharges and a successful Seedrs funding round, we have now rebranded and launched as Elva. We are ready to help your employees deal with financial bumps in the road and builds long-term financial wellbeing. Go Float becomes Elva. The rebrand coincides with a huge overhaul of our […]
Implementing an employee financial wellbeing program into your organisation
For many business owners, the notion of an official employee financial wellbeing program can often be overlooked (other than providing fair pay and a clear policy regarding tax and benefits), it can seem unnecessary to take any other action regarding employee finances. What’s becoming more and more apparent, however, is that employers do need to […]
Nearly half of UK construction workers experience poor mental health due to financial stress.
UK Construction workers’ mental health: In line with Mental Health Awareness Week 2021, IronmongeryDirect, in collaboration with charity Mind, has published survey results of UK tradespeople to highlight the issue of work-related stress within the construction industry. The report found that nearly half (49%) of construction workers experience poor mental health due to work-related issues. […]
Why employers should be investing in financial wellbeing strategies
Financial wellbeing benefits and support are starting to gain traction amongst businesses and their employees. However, the subject is still not a high priority on every organisation’s boardroom agenda. Many are taking time to be convinced that offering a financial wellbeing program will have a positive impact on the bottom line and help its workers. […]
Government scheme offers ‘Breathing Space’ for Britons in debt
Breathing Space Debt: People living in the UK with mounting debts will be able to ask for them to be put on hold for two months (60 days) after proposals two years in the making came into effect this week. The so-called ‘Breathing Space’ scheme, announced by the Government in 2019 after a five-year campaign […]
Addressing the impact of financial stress in the workplace
We have launched a free online Financial Wellbeing Survey for employers to measure and address their employees’ wellbeing. The survey results will highlight any areas of concern and help to shape a financial wellbeing strategy. Financial stress can have a large impact on staff productivity in the workplace and is costing employers billions a year […]
How Covid has affected our financial behaviour
How Covid has affected our financial behaviour: The changing landscape of financial behaviour When it comes to financial wellbeing, Covid has created a stark divide between those who have coped well (and even reaped from the pandemic with finances positively impacted) and those who have found themselves in severe financial difficulty. Findings from LCP’s survey […]