Ministers are considering plans to encourage all workers to set aside a proportion of their wages each month to pay for their own future social care needs - a scheme similar to automatic-enrolment for pensions.
The plan is rumoured to be considered as part of a consultation document on the future of social care which is due to be published later on this year. AJ Bell senior analyst Tom Selby described the idea as "interesting", but said the major risk is that people would opt out, adding: "There would need to be some sort of incentive structure to encourage people to put money aside." Meanwhile former pensions minister and Royal London director of policy Steve Webb was more skeptical of the plans....
Some 85% of employees are more likely to work for employers offering clearly labelled benefits, research from Canada Life has found.
Wellbeing expert David Price discusses a range of practical ways employers can set about looking after the mental health of their staff during the seasonal period
The Financial Ombudsman Service (FOS) will maintain its current funding model for the next financial year despite recognising it is unsustainable in its current form.
The FCA has confirmed that, while businesses will have to identify certified staff from day one under the Senior Managers & Certification Regime (SM&CR), they will have a year to complete fitness and propriety assessments.