November 23 2023 | Team nudge
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Following a tendering process for a financial wellbeing partner, UK Power Networks has renewed its partnership with nudge. The process included a review of the financial education market, from which nudge best met their diversity and inclusion, accessibility, personalisation and employee engagement requirements.
Sue Bond, Reward & HR Services Manager at UK Power Networks explains the key reasons behind their decision.
“With the cost of living continuing to increase, we are delighted to have renewed our partnership with nudge, ensuring our people are being given the financial education support they need to help them navigate these turbulent economic times.”
Steve Sykes, Director of Client Success at nudge commented:
“In 2022, personal finances are being dominated by the cost of living crisis. The impact will be felt by everyone, no matter their salary bracket or location, through inflation and surging interest rates. Impartial financial education to help people navigate this change is needed now more than ever.”
“We are delighted to continue our partnership with UK Power Networks to provide our impartial financial education platform to their employees, as from our research we have seen that those with financial education are 24% more likely to be connected to their employer and twice as likely to feel confident about their financial future. It is our pleasure and purpose to improve the financial wellbeing of our clients and users”