All Financial wellbeing articles – Page 100
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Article39% believe the Lifetime Isa will cause confusion among staff
Over a third (39%) of employer respondents believe the introduction of the Lifetime individual savings account (Lisa) will cause confusion for employees looking to save, according to research by Close Brothers Asset Management.Its Business barometer report, which surveyed 900 UK employers, also found that 20% of respondents plan to respond ...
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Case StudiesVirgin Management renews wellbeing focus
Virgin Management is a global organisation that has its fingers in many corporate pies; it manages and supports businesses across the Virgin Group, and is dubbed the family office for the group.On the organisation’s current agenda is the potential challenges and implications of major political events such as the European ...
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Article48% say financial education would help them save for retirement
Just under half (48%) of respondents believe that financial education would help them to save for retirement, according to research by Capita Employee Benefits.Its Insight report, which surveyed 1,801 UK employees aged 16 or over, also found that 73% of respondents expect their employer to provide tailored guidance on the ...
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ArticleMencap launches financial wellbeing programme for 6,000 staff
Learning disability charity Mencap has launched a financial wellbeing programme for its 6,000 employees.The financial wellbeing programme, provided by Neyber, was introduced on 16 April 2017. It features a range of digital and face-to-face initiatives, designed to help employees build financial knowledge and resilience.Employees can attend on-site seminars, or one-to-one ...
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WEALTH at work online poll
WEALTH at work is currently running an online poll on whether employers provide a guidance service* on financial issues such as pensions and retirement income options for their employees.*By guidance we mean a one to one conversation which helps employees clarify elements of their financial situation either in the workplace ...
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How income protection can help SMEs
Ellipse discusses the importance of SMEs staying on top of absence and how income protection products can help, following two sets research. Commissioned by Ellipse, Censuswide surveyed 1,005 employees and 504 SME decision makers in October 2016.Typically an SME employee takes 4.8 sick days per year, costing an average of ...
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The importance of financial wellbeing in the workplace
Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education, guidance and advice in the workplace discusses the importance of financial wellbeing in the workplace.What is the impact of being financially unwell on employees?It is not uncommon for employees to face financial worries at various stages of their ...
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Article39% are somewhat likely to provide access to a Lifetime Isa in the next five years
More than a third (39%) of employer respondents are somewhat likely to provide staff with access to a Lifetime individual savings account (Lisa) over the next five years, according to research by Willis Towers Watson.Its 2016 UK budget survey report, which surveyed 130 employers, also found that 30% of respondents ...
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Lifetime ISAs: what young employees should know
The Lifetime ISA has been referred to as the government’s ‘silver bullet’ when tackling the two main savings challenges of buying a new home, and contributing to a pension. You’re busy; you need a summary of what it is, what it does, and what you need to be aware of. ...
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ArticleFinancial Conduct Authority consults on new financial advice factsheet for employers
The Financial Conduct Authority (FCA) has launched a consultation on proposed guidelines designed to clarify the regulatory framework around financial advice, including the development of a factsheet for employers and pension trustees.The consultation is based around four of the recommendations made in the Financial Advice Market Review (FAMR), which was ...
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Make sure income protection claimants aren’t forgotten
When dealing with a long-term absence, it is vital employers treat the employee as a person and not a statistic. Although absences lasting six months or more are less likely to occur, they do happen. Employers should be prepared to support these people who are living with serious illness or ...
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ArticleEXCLUSIVE: Hologic launches online financial education programme
EXCLUSIVE: Global healthcare and diagnostics organisation Hologic has introduced a new online financial education programme for its 320 UK-based staff.The financial education programme, provided by Nudge, has been launched via a series of webinars and personalised online notifications or ‘nudges’ to employees across the organisation's Crawley, Manchester, and West Lothian ...
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Financial exclusion – solving a lifelong problem
By Monica Kalia, co-founder and chief strategy officer, NeyberFinancial exclusion is widespread in the UK today. According to Neyber’s 2016 research, The DNA of Financial Wellbeing, one in six people in the UK struggles to identify the balance on their bank statement and one in three is unable to manage ...
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An introduction to financial wellbeing
Gethin Nadin, director of ecosystemsAt Benefex, we’ve been helping our clients deliver financial wellbeing initiatives to their employers for years. We helped build the first employee financial education tool of its kind for Barclays, and we’ve even launched an ecosystem of FinTech aimed at improving employees’ overall financial wellbeing.UK employers ...
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ArticleUnum launches online financial education programme for staff
Unum has introduced an online financial education programme for its 800 UK-based employees.The financial education programme, which was launched on 6 March 2017 and is provided by Nudge, has been implemented to align with Unum’s existing wellbeing strategy, which supports employees’ financial, emotional and physical wellbeing.The programme uses both personal ...
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Pay: helping staff make their income go further
The last time unemployment rates were as low as their present levels, Queen were topping the charts with Bohemian Rhapsody, and the world was being introduced to the very first Inspector Morse novel. But while unemployment may be at its lowest rate since 1975, even if you’re in work you ...
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ArticleBT and John Lewis Partnership shortlisted for best financial wellbeing strategy
BT and John Lewis Partnership are among the organisations that have been shortlisted in the best financial wellbeing strategy category at the Employee Benefits Awards 2017.This award, sponsored by Wealth at Work, celebrates the most effective financial wellbeing strategies that have been implemented within organisations, including the use of financial ...
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42% of employers will provide access to the Lifetime ISA
The new Lifetime ISA (LISA) will be available from April 2017 for individuals under the age of 40, which can be used for buying a first home or for retirement. The introduction of the LISA has raised some important questions for the future of pensions and long term savings.One question ...
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ArticleJTI launches financial education programme
Global tobacco organisation JTI has launched a new online financial education programme for its 615 UK-based staff.The financial education programme, provided by Nudge, aims to support JTI's HR strategy of remaining an employer of choice.The new programme forms part of the organisation's wider approach to employee wellbeing, and will run ...
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Women and financial wellbeing
By Monica Kalia, co-founder and chief strategy officerI’ve worked for the last 20 years within the financial services sector and began my career in investment banking. In 2014 I co-founded Neyber having identified that a technology based solution was needed to revolutionise personal finance and help drive financial wellbeing.I’m passionate ...