Financial Wellness Index coming soon
A financial wellness index is set to be launched that will measure how financial stress impacts employees wellbeing, according to Workplace Super Specialists Australia (WSSA).
WSSA chief executive, Douglas Latto, said employees lived their financial problems day-to-day at work and that could now be quantified.
"There are mortgages to be paid, credit card debts, kids to put through school, and the need to save for the future. This can create significant financial stress which can affect both attendance at work and commitment to a job," he said.
That was why financial education at work was most valuable, Latto said.
Differences could be made at work and thousands of lives could be improved, which would result in a happier, more productive workforce, he said.
The index was due to be launched on 26 August.
Recommended for you
Sharing his reasoning in joining the FSC board, WT Financial chief executive, Keith Cullen, believes “product and advice cannot be separated” from each other in the current environment.
The Emerge Foundation, a charity run by financial advisers and fund managers, has announced a scholarship program to help veterans transition into tertiary education.
In an open letter, Sequoia chief executive Garry Crole has hit out against shareholders “with a personal axe to grind” as he fights for his job ahead of an EGM.
The JAWG has announced it is in talks with Treasury around five “core principles” to strengthen the education standards for new entrants to the financial advice space.
