NEWS
Financial well-being platform launched to help businesses empower their teams
Claro Wellbeing has launched a Learning Management
System ( LMS ) to address the financial advice gap in the UK and help businesses empower their teams to make smarter financial decisions .
The financial well-being platform will help businesses retain employees , compete for talent and boost team productivity by engaging staff and giving them the skills and confidence to form better financial habits . Claro Wellbeing has recently begun working with Ogilvy and Bacardi to improve their financial well-being .
This comes as research from Claro Wellbeing ’ s Workplace Today report shows almost half ( 43 %) of people in employment say managing their money is their biggest cause of financial stress and more than a quarter ( 29 %) of workers say paying off debt is their main cause of anxiety .
The secure platform allows users to book one-to-one financial coaching via video with an experienced and qualified coach at a time that suits them . Larger groups can benefit from bespoke live webinars to help whole teams with managing the cost-ofliving , buying a property , budgeting and investing .
Rob Brockington , CEO at Claro Wellbeing , said : “ Some 35 million adults fall into the ‘ financial advice gap ’ in the UK and cannot access professional financial help . As a result , businesses are having to pick up the slack and address the need for financial guidance among their employees .”
NatWest limits crypto payments
NatWest is increasing customer protection against cryptocriminals after £ 329 million was lost by consumers last year .
A daily limit of £ 1,000 and a 30-day payment limit of £ 5,000 to cryptocurrency exchanges is being implemented to help protect customers from losing life-changing sums of money .
Cryptocurrency investments are often made through legitimate exchange platforms . These websites let customers buy , sell or exchange cryptocurrencies for other digital currency or traditional currency .
Men over 35 are most at risk due to them being more willing to take on risky investments . The cost-of-living crisis is also having an impact , with promises of high returns used by criminals to entice investors .
Cryptocurrency scams are often advertised online offering high returns on investments . Criminals play on a lack of understanding of how cryptocurrency markets work and their unpredictability , to encourage investors to transfer money to exchanges , which are often set up in the customer ’ s own name by the criminal or by the victim , under duress from the criminal .
Stuart Skinner , Head of Fraud Protection NatWest , said : “ You should always have sole control of your cryptocurrency wallet and nobody else should have access . If you didn ’ t set the wallet up yourself or can ’ t access the money then this is likely to be a scam .
We have seen an increase in the number of scams using cryptocurrency exchanges and we are acting to protect our customers .”
6 www . intelligentfin . tech