All Financial wellbeing articles – Page 102
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ArticleInfographic: How do employers deliver financial education in the workplace?
An infographic showing the tools respondents use to deliver financial education in the workplace. (Source: Employee Benefits/Close Brothers Pensions research 2016, published in November 2016).Read more in: How to encourage employees to talk about finances in the workplace.
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OpinionCatherine Rickard: The case for considering employees’ financial wellbeing is compelling
Significant proportions of employees are facing increasing financial challenges. For example, demographic and policy changes, rising education and housing costs, an ageing population and rising state pension age, mean that the financial pressures facing employees are only likely to intensify over the coming years.But why should employers be concerned if ...
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Case StudiesAdmiral Group provides tools to help staff manage financial concerns
Insurance group Admiral offers its employees financial education through its Ministry of Money programme.The Ministry of Money, represented by a green pig, is designed to be a humorous way to get more serious messages across to the workforce. Admiral also runs a Ministry of Health to focus on health and ...
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ArticleHow to encourage employees to talk about finances in the workplace
Need to know:Unsecured debt in UK households is at a record high.A financial education programme to address sensitive financial issues should incorporate all benefits, including employee assistance programmes (EAPs) and retail discounts.Employers can use a range of communication methods, but they must assure employees that they can discuss sensitive subjects ...
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ArticleThe top issues a financial education strategy should incorporate in 2017
Need to know:Giving employees guidance around effective retirement planning is a key issue that a financial education strategy should focus on in 2017.Financial wellbeing in the context of broader employee wellbeing is also set to continue to be a key trend.Employers will also need to consider educating staff about alternative ...
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OpinionJackie Spencer: The workplace is a good place to start engaging people with their finances
Many people are not saving enough for retirement and with over 40 million people in work across the UK, the workplace is a good place to start engaging people with their finances.A wide range of organisations are already involved in helping people to manage their money better: government bodies, commercial ...
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Case StudiesAKQA engages employees with retirement planning through one-to-one support
With a predominantly younger workforce, generating interest in, and engagement with, pensions and retirement income can be a challenge for digital agency AKQA.The agency, which employs 400 people in the UK but has 17 offices globally, offers a contract-based defined contribution (DC) group personal pension scheme, into which employees are ...
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Article25% believe money worries affect their ability to do their job
A quarter (25%) of employee respondents with money problems feel that this affects their ability to do their job, according to research by the Chartered Institute of Personnel and Development (CIPD) and Close Brothers Asset Management.The survey of 1,817 adults also found that 41% of respondents believe that being rewarded ...
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OpinionClaire McCartney: What aspects of financial wellbeing matter most to employees?
The twice yearly Chartered Institute for Personnel and Development (CIPD) and Halogen Employee outlook survey of more than 2,000 employees investigates the key workplace issues from their perspective. For the first time, the latest autumn survey, published in November 2016, explored employee financial wellbeing, which we define as a state ...
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Case StudiesConfederation of British Industry offers London rental deposit scheme to staff
The Confederation of British Industry (CBI) introduced a London rental deposit loan scheme for its employees in February 2015 in order to help staff with the cost of housing in the capital. The organisation implemented the scheme, which was pioneered by housing and homelessness charity Shelter, after its 2014 London ...
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Article94% believe employers should set aside a budget for financial education
More than nine in 10 (94%) respondents think their employer should set aside a budget to provide financial education for staff, according to research by Lemonade Reward.Its survey of 83 HR and reward employees also found that almost two-thirds (61%) of respondents cite not having enough money to live on ...
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ArticleEXCLUSIVE: 68% offer at-retirement support to help staff make informed decisions
EXCLUSIVE: More than two-thirds (68%) of employer respondents that offer at-retirement support to staff do so because they want to support staff in making informed decisions, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that a ...
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Supplier article
First-time home buyers, the Lifetime ISA and pension pots
The new Lifetime ISA (LISA) is due to be available from April 2017 for individuals under age 40. Contributions will be topped-up by the government by 25% with an annual savings limit of £4,000. It can be used for buying a first home (up to a value of £450,000) at ...
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ArticleEXCLUSIVE: 28% provide financial education for all staff
EXCLUSIVE: More than a quarter (28%) of employer respondents provide financial education for all staff, compared to 32% in 2015, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, found that a further 31% of respondents are considering introducing ...
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ArticleEXCLUSIVE: 26% believe employers should meet retirement costs as life expectancies rise
EXCLUSIVE: More than a quarter (26%) of respondents believe that employers should provide for the cost of retirement in societies where life expectancies are increasing, according to research by Chase De Vere.Its survey of 500 UK residents aged between 35 and 64 also found that 30% of respondents think that ...
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ArticleEXCLUSIVE: 46% offer at-retirement support to staff
EXCLUSIVE: Less than half (46%) of employer respondents offer at-retirement support to employees, compared to 45% in 2014, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that 49% of respondents run retirement seminars for staff in ...
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ArticleDo not miss Employee Benefits Wired: maximising pensions potential
Employee Benefits Wired: maximising pensions potential, presented in association with Close Brothers Asset Management, will be broadcast live at 11am on Tuesday 29 November 2016. The debate can be viewed for free on EB TV.The online panel discussion will provide insight on the key factors impacting pensions. This will include ...
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Supplier article
The Autumn Statement 2016
The Chancellor yesterday delivered the Autumn Statement 2016.Salary sacrifice scrapped – with a few exceptionsThe tax and employer National Insurance advantages of salary sacrifice schemes will be removed from April 2017, except for arrangements relating to pensions (including advice), childcare, Cycle to Work and ultralow emission cars. Arrangements in place ...
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Supplier article
Keeping employees financially fit
According to Xerox’s recent Working Well survey, two-thirds of employers see lowered productivity as a direct impact of poor financial wellbeing.There’s a lot of work to be done to ensure employees are financially fit today and retirement ready in the future. Many employers know how important financial wellbeing is, but ...
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Article65% of employees view financial wellness in the workplace as important
Almost two thirds (65%) of employee respondents cite financial wellness in the workplace as important to them, according to research by Thomsons Online Benefits.Its Future of financial wellness report, which surveyed 200 HR and reward professionals and 500 employees in the UK, also found that less than one in 10 ...