Experts at this year’s Reward and Employee Benefits Association (REBA) financial and wellness programme have uncovered key insights, including the barriers to improving financial wellbeing provision, the cost of doing nothing, and what employers are doing to meet today’s challenges.

They argued that financial pressures, from rising living and housing costs to ongoing economic volatility and poor retirement adequacy, are creating a wave of financial stress.

They said the worries are no longer confined to home life but are increasingly spilling into the workplace.

They charted the path for how reward and benefits practitioners could move beyond thinking about financial wellbeing benefits in silo to create a comprehensive, integrated strategy that prepares employees for both immediate pressures and long-term financial goals.

The REBA webinar, in partnership with Wealth Group, explored how to design a benefits package that embeds financial resilience at every stage of the employee journey, from new starters to retirement.

They explored practical, proven strategies to turn financial well-being into a measurable competitive advantage and reduce business risk.

Part of them is the common challenges faced when implementing financial wellbeing programmes and how leading employers are tackling them.