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The LSEG story: Using global benefits to respond to the cost-of-living crisis

London Stock Exchange Group plc (LSEG) is a global financial markets infrastructure and data business. It owns the London Stock Exchange, Refinitiv, LSEG Technology, and FTSE Russell, and has majority stakes in LCH and Tradeweb. Its deep knowledge across the worldwide international financial markets has seen it fund innovation, manage risks and create jobs for businesses, economies and communities across the world for over 300 years.

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“We can do so much around the foundations we offer to support people in terms of tools and benefits to help with the cost of living.”

John Leavey, Global Retirement Plan and Education Manager at LSEG (London Stock Exchange Group)

Strategy

Explore appropriate approaches to financial wellbeing for all 67 LSEG localities, not just the big ones

1

Use the OneHub platform for a consistent, yet personalised, approach communications

2

Understand how the current financial instability is specifically affecting employees in different regions

3

Callenge

The challenge

“We are mapping out a framework where we have got issues. We have markets that are not mature in terms of education and the provision of financial education particularly, so we are starting to have the internal conversation and ask, ‘where do we need to get to?’  

We wanted a core approach that works universally with where we can accommodate local issues and local problems to a certain degree. If you look at localities, we have 67, and 80% of them are in seven countries, so via simple maths, the bulk of our people are accommodated through a smaller geographic scale.  

It’s about trying to find something that we can offer and that might not be the same in every country.”

Solution

Focus on the cost-of-living crisis

“The UK, I want to say, is easy, but it’s not because of the cost-of-living crisis and every family situation is different, costs are different, and I see stats around the squeezed middle. When we look at different countries – Sri Lanka is a good example, it is extreme there because there is a fuel shortage. So how do we get our guys to work if they can’t get fuel?  

We do need to look at each case differently. We can do so much around the foundations we offer to support people in terms of tools and benefits to help with the cost of living. You need those foundation blocks and beyond that, we need to accommodate the individual countries.” 

How does communication play a role? 

“Different communications strategies are needed in different countries and our research backs that up; APAC wants more face-to-face communication – our people in India and America prefer the webinar approach. So, it’s about how we can accommodate it and OneHub is an opportunity to sharpen the pencil somewhat in terms of messaging.” 

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