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Stroke Association seeks Two Trustees and an Independent Advisor

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stroke association logo

The Stroke Association is the UK’s biggest stroke charity, working across the UK. We’re here to support people to rebuild their lives after stroke. We provide specialist support, fund critical research and campaign to make sure people affected by stroke get the very best care and support to rebuild their lives.

Our work is urgent, and it is vital. Stroke is one of the leading causes of death and adult disability in the UK. It can also have a huge impact on the carers, family and friends of stroke survivors. There are over 1.3 million people living with the effects of stroke in the UK, with 100,000 strokes happening each year. That’s one stroke every five minutes.

We give life-changing support to over 65,000 stroke survivors and carers across all four countries of the UK each year.

As the population ages, the number of strokes is projected to double over the next 20 years. We know that it is crucial that we act to ensure that stroke is better understood and stroke survivors and carers get the support they need, both now and in the future.

As part of our succession planning, we are seeking two new trustees and an independent advisor to join us in bringing wise governance and strategic guidance to our work:

  • Customer Experience and Product Specialist (Trustee), who will help us to continue developing and embedding a customer-first culture. You will have a strong track record in large-scale strategic consumer experience planning, implementation and measurement, ideally within the commercial B2C services or health sector.
  • Investment Committee Chair (Trustee), who will bring strong investment oversight, management or governance experience, to help us make astute use of our reserves to generate investment returns, while helping us manage financial risk.
  • Audit and Risk Committee Member (Independent Advisor), who will bring expertise in business, accountancy, audit or charity finance, and experience in identifying and managing risk across a number of key areas including finance and reputation risk.

Please consider whether these opportunities might exercise your expertise and your commitment to dramatically improve outcomes and quality of life for stroke survivors and their carers.

CLICK HERE to download our recruitment pack and for further information.

The roles of Trustees and Independent Advisors are not accompanied by any financial remuneration; however, we willingly cover expenses within the Stroke Association’s expenses policy.

Stroke Association is working with Macaulay Search on this appointment process.

Application is by submission of CV and cover letter to laura.bagley@macaulaysearch.com

Closing date: 5pm on Wednesday 14th July 2021.

Thank you for your interest in the work of Stroke Association. Please do not hesitate to get in touch with Laura Bagley on the email address above if you have any questions about this opportunity.

We want to reduce barriers to inclusion. Help us understand who’s applying for and getting roles with us by completing our equal opportunities form. This helps us continue to identify anything that’s getting in the way for people looking to join us. This information does not form part of your application.

We are working to build a more diverse organisation. One where we recognise and promote everyone’s individuality with kindness, and where we harness the value and diversity that everyone brings to help deliver our goals. We encourage applications from anyone who wants to be part of that future. And in particular, we would encourage anyone with lived experience of stroke to apply.

Pension pots may be rising, but the gender savings gap is widening

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changing trends of financial wellbeing

The average pension pot of UK employees in large firms is now £120k, a 35% increase on three years ago, according to new Changing Trends of Financial Wellbeing research undertaken by Close Brothers. However, outside of pensions, average savings and investments have fallen 3%, and delving into the detail reveals a widening gender savings gap.

The overall average pension savings pot, including all workplace pension schemes, has increased from £89k in 2017 to £120 in 2020.

Men have seen an increase of 35%, and whilst women have experienced a higher percentage increase of 38% over that time period, women’s retirement savings still lag significantly behind men’s at £73k compared to £162k.

uk employee savings

Figures from: Close Brothers Lifetime Savings Challenge 2017 and Changing Trends of Financial Wellbeing 2020

In the wake of the coronavirus crisis, Close Brothers found that 16% of workers are going to reduce the amount they save into their pensions, due to pressures on shorter term needs, despite the risk that this could affect their longer-term financial wellbeing. Female workers, however, are less likely to make this decision (12%) compared to nearly one in five (19%) of their male counterparts.

As well as more people having to draw on their savings during the coronavirus, there are some positives to have emerged when it comes to savings: 50% plan to make changes to their finances, with the top changes being to keep a closer eye on day to day spend and to put more into their rainy day fund.

All demographics have spent less in lockdown and all but 18-34 year olds have realised they can live happily on less, which bodes well for putting more aside into savings once the acute effects of the pandemic ease their finances.

 

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To discover more about the impact of lower pension provision on women watch this video produced by the Chartered Insurance Institute as part of its Insuring Women’s Futures programme.

 

Insuring Women’s Futures, the 6 Moments that Matter

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Insuring Women’s Futures is a voluntary, market-led programme established under the Chartered Insurance Institute to improve women’s financial resilience. It brings together a cross-section of business leaders, experts and influencers drawn from policy, regulation, academia and the third sector to support making lasting change. For the past three years, these contributors have shared their insights, experiences and expertise.

The result is a series of ambitious, practical Manifesto recommendations.

Insuring Women’s Futures has identified ten overarching recommendations where interventions can be made to improve financial resilience for women and wider society in the UK. The recommendations take into account how life in the UK is changing and the implications for all of our financial resilience, now and in the future. The interventions combine policy and practice and are centred on where the most impact can be made, targeting Moments that Matter across women’s financial life journeys.

Recommended interventions

  • Inspiring young women to own their financial future
  • Pensions equality in the workplace
  • Equal pension rights for those on low pay
  • Workplace flexibility and financial wellbeing to address the impact of part-time on pay and pensions
  • Financial engagement and wellbeing strategies that reflect women’s whole life journeys
  • Insurance and financial services’ role in supporting financial futures
  • Fair pensions outcomes for those in relationships and for break ups
  • Pensions for carers and a national conversation about caring
  • Gender-disaggregated data and use in policy and practice
  • Female Financial Resilience Forum

These Moments that Matter impact women across the life stages from girls to elderly women according to individual life journeys. For example, becoming a mother or caring for an elderly relative have different consequences depending on whether and how women are working, studying or are in good or poor health.

The 6 Moments that Matter

  1. Growing up, studying and re-qualifying
  2. Entering and re-entering the workplace
  3. Relationships: making up and breaking up
  4. Motherhood and becoming a carer
  5. Later life, planning and entering retirement
  6. Ill-health, infirmity and dying

12 Perils and Pitfalls

By analysing women’s life circumstances, the decisions women take and the life events women face, the research highlighted key differences in men’s and women’s risks in life.  12 Perils and Pitfalls have been identified as the top financial risks faced by women through the life course.  In addition, the research identifies patterns in how the Perils and Pitfalls impact women’s financial resilience at different life stages on the Female Financial Life Journey, with the 6 Moments that Matter serving as key intervention points where meaningful change can be made.

 

insuringwomensfutures

 

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Unpaid housework of 26 hours per week equals £11k per annum

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unpaid housework

Whilst the number of women in employment is at its highest rate since records began, research by thinkmoney has uncovered that unfortunately, all isn’t as it seems.

After analysing the working patterns of Brits, their research has revealed that women make up two-thirds of all part-time roles. With part-time roles limiting employees progression, financial independence and retirement benefits – it is clear that there’s a part-time gender bias in Britain.

Morever, according to a recent study by the Trades Union Congress (TUC), Brits are working two and a half weeks more, per year, than any other country in Europe.

While the average working week has decreased by 18 minutes over the last decade, at this rate it will take 63 years for British working patterns to match those elsewhere in Europe.

Key Findings

Women have more part-time roles than men – across all UK regions.

  • On average, women make up almost two-thirds (65%) of all part-time roles in the UK.
  • The ‘part-time gender bias’ is more prevalent in the North-East; women are responsible for almost three-quarters (71%) of all part-time roles

On the other hand, London has the least ‘part-time gender bias’. Women account for 51% of part-time roles (580k) whereas men make up a very close 49% (285k).

Revealed: Women Would Earn £11,009 From Unpaid Housework

  • With more women in part-time work, they naturally end up completing more work around the house – such as laundry, cleaning and for some, childcare.
  • However, this has led to women taking on 60% of all unpaid housework – each week women spend 26 hours on this, as opposed to men who complete 16 hours.
  • If women were to be paid for this housework, they would receive £11,009.

London workers put in the second least paid overtime hours in the country

London has one of the longest working weeks when adding together paid overtime and contractual hours (38.4 hours), but workers in the capital are only reported to work 176.8 hours paid overtime, along with the North East and South West. However, these figures only reflect paid overtime and it’s possible that the unreported, unpaid figures could be much higher.

Employees in South East work the lowest overtime hours

Workers in the South East put in the least paid overtime at only 166.4 hours (24 days). They work 62.4 hours less than Northern Ireland employees, or the equivalent of almost two working weeks.

The TUC estimates five million workers in the UK have put in more than £32 billion unpaid additional hours per year. So, overtime figures could be even higher than reported. Employees in Wales gave an extra £819 million of free labour in 2017.

Read about other geographical areas

UK FinTech sector set to top 100,000 employees by 2030

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However, 82% of companies say they already face difficulties in recruiting non-EEA migrants

Innovate Finance, the independent membership association that represents the UK’s global FinTech community, alongside WPI Economics, recently released a report on the potential effects on the UK FinTech sector of future changes to the country’s immigration policy. The report provides new insight on the scope of the UK FinTech sector which currently represent.

76,500 employees of whom 42% are from overseas (28% from EEA countries, and 14% from non-EEA countries).

The report also forecasts that on current performance the sector is set to grow to more than 100,000 employees, and the number of UK FinTech companies more than double to 3,300, by the year 2030. However, 82% of companies say they already face difficulties in recruiting non-EEA migrants. Under the most likely scenario for future immigration policy, in which the system for EEA migrants moves closer to that for non-EEA migrants, the report predicts a shortfall of 3,200 highly-skilled workers by 2030, at a cost to the UK FinTech sector of £361m.

Innovate Finance is proposing six policy principles as a foundation to develop a proportionate policy response and mitigate the impact of uncertainty on the FinTech sector, including the need to redefine the meaning of “highly-skilled” worker in today’s global jobs market.

Important findings include:

  • UK FinTech sector set to top 100,000 employees by the year 2030 with 30,000 new jobs created.
  • UK FinTech sector highly dependent on global talent with 42% of employees from outside the UK, 28% of which are drawn from the European Economic Area.
  • Failure to maintain a flexible immigration policy could harm the attractiveness of the UK as a place to do business and could lead to a shortfall in highly-skilled workers, resulting in a potential loss of £361m to the UK FinTech sector.
  • Innovate Finance calls for further coordinated action on accessing global talent and at the same time developing local skills to ensure a workforce fit for the future.

Charlotte Crosswell, CEO of Innovate Finance said:

Access to talent is a perennial issue, and one which affects all sectors of our economy. This is not in light of Brexit, but Brexit shines a light on it and risks exacerbating the issue further. Without a flexible approach, the UK FinTech sector stands to lose its global pre-eminence with FinTech companies already facing challenges in recruiting appropriate skills and talent. However, the potential size of the loss has not yet come to pass and if managed correctly, may not materialise. It is up to policy-makers, industry and academia to propose sensible recommendations to mitigate the impact of these findings and to ensure sectors such as FinTech continue to be an engine for UK innovation and growth.

Catherine McGuinness, Policy Chairman of the City of London Corporation added:

As the financial services sector increasingly turns to technology to shape its future, it’s essential that the UK is able to attract international talent to unlock the full potential of this thriving industry.

This data shows that more than one in four FinTech workers hail from the EU or EEA and shines a spotlight on the urgent need to clarify an immigration policy for European workers ahead of the UK’s departure from the bloc in March next year.

The sector’s growth and technological entrepreneurialism depend on it.

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