Financial services firms to tackle employee wellbeing challenges

Firms to boost health and wellbeing investment

Jaskeet Briah
clock • 1 min read

Research by Unum UK has detailed that employees working in the financial services (FS) industry experienced more health-related issues than most.

The provider surveyed 500 employees and 503 decision makers in employee health and wellbeing across UK workplaces. Its research found that supporting employee wellbeing was the greatest challenge for 33% of surveyed employers in 2024. Around 38% of FS employees said their physical health had worsened last year, compared to a UK average of 24%, and 37% took time off for general health issues, compared to an average of 29%. As such, the FS industry is planning to boost investment in health and wellbeing strategies this year, with 51% of FS businesses planning to invest more in this area...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Unum UK pays out £516m in 2024

Unum UK pays out £516m in 2024

Group claims statistics

Cameron Roberts
clock 16 April 2025 • 2 min read
Half of businesses to extend AI use in benefits management

Half of businesses to extend AI use in benefits management

Towers Watson research findings

Jaskeet Briah
clock 14 April 2025 • 2 min read
Santé Group adds Nick Stone to distribution team

Santé Group adds Nick Stone to distribution team

Joins from Health Assured

Jaskeet Briah
clock 11 April 2025 • 1 min read