All Financial wellbeing articles – Page 103
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ArticleTravis Perkins launches financial education programme
Building merchants Travis Perkins has launched a financial education programme for its 30,000 UK employees.The new programme, which is provided by Neyber, includes a financial wellbeing hub featuring online tools to help staff manage their financial planning, as well as any debt issues they may face. Through the hub employees ...
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ArticleEXCLUSIVE: The ACCA launches online financial education programme
EXCLUSIVE: Global professional accountancy body the Association of Chartered Certified Accountants (ACCA) has launched an online financial education programme for its 900 UK employees.The financial education programme, provided by Nudge, was introduced in November 2017 to help improve the financial wellbeing of the ACCA’s London and Glasgow-based employees.Delivering a series ...
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Supplier article
Financial education can help the UK become a nation of savers
The majority (60%) of employees want help to make the right pension and savings decisions, according to research by LifeSight.Despite this, LifeSight found that more than three quarters (77%) of employers do not currently have any plans to play a greater role in the long-term savings of their workforce, even ...
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Supplier article
Budget commentary November 2017
The Chancellor of the Exchequer, Philip Hammond, has today delivered this year’s second Budget Report.Please see our summary belowFrom April 2018, the personal allowance will increase to £11,850 and the higher rate threshold to £46,350.The ISA annual subscription limit for 2018-19 will remain unchanged at £20,000. The annual subscription limit ...
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Article
University of London faces lawsuit over collective bargaining on pay and conditions
The University of London is facing a lawsuit filed by The independent Workers Union of Great Britain (IWGB) to argue the case of broadening the trade union rights of outsourced workers.The IWGB claims that facilities management company Cordant Security, which provide a number of employees to the university, including receptionists, ...
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ArticleKeep up to date with the Autumn Budget 2017
Chancellor Philip Hammond will deliver his Autumn Budget 2017 speech at 12.30pm on Wednesday 22 November 2017.Stay tuned to the Employee Benefits website for all the latest updates on how the Autumn Budget could impact employers and staff.In the Spring Budget 2017, key announcements included: a reduction in the money ...
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ArticleEXCLUSIVE: GVA to launch online financial education programme
EXCLUSIVE: Real estate advisory organisation GVA is launching an online financial education programme for its 1,500 employees across 11 UK operating sites.The financial education programme, provided by Nudge, will be launched at the end of November 2017 to coincide with the organisation’s annual flexible benefit enrolment window. The new benefit ...
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Supplier articleThe Living Wage matters to everyone
By Kathryn Kendall, Chief People OfficerIn April 2016, Benefex became a Living Wage Employer, and to this day, I would still chalk it up as one of the proudest days of my career. To know that we took such a significant step towards improving the day-to-day lives of our hard-working ...
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Supplier article
Property deposit saving challenge impinging on millennial wealth
By Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education, guidance and advice in the workplaceIt’s easy to assume that with the plethora of money saving deals available for everything from utility bills to credit cards, together with the gradual relaxation of mortgage underwriting criteria, millennials have ...
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ArticleEXCLUSIVE: Hays holds pensions roadshows for 3,500 UK employees
EXCLUSIVE: Recruitment organisation Hays is holding a series of pensions-themed roadshows for its 3,500 employees across 17 of its UK sites.The pensions roadshows, which are running for two weeks from Monday 16 October 2017, form part of the organisation’s overall financial capability and wellbeing strategy. Financial wellness and money is ...
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Supplier articleTrends in the financial wellness benefits sector
By Jacqueline BenjaminMany people know the phrase employee wellbeing and are also familiar with the idea of financial benefits being offered to employees, but in recent years we have seen the growth of another buzz phrase in our industry – financial wellness benefits.The best description of a financial wellness benefit ...
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Article75% have not received employer-provided financial education
Three-quarters (75%) of employee respondents have not received financial education from their employer to help them understand what savings choices exist and what is best for them, according to research by Close Brothers and the Pension and Lifetime Savings Association (PLSA).Its The lifetime savings challenge report 2017, which surveyed 1,000 ...
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ArticleEXCLUSIVE: Medway NHS Foundation Trust abolishes lowest pay grade
Employee Benefits Live 2017: Kent-based Medway NHS Foundation Trust has abolished its lowest pay grade in order to improve the financial wellbeing of its employees.Speaking in a panel discussion session titled ‘The financial wellbeing journey’ at Employee Benefits Live 2017, James Devine, executive director of HR and organisational development at ...
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ArticleEXCLUSIVE: Travis Perkins and Hays tailor financial wellbeing messages
Employee Benefits Live 2017: Building merchant organisation Travis Perkins and recruitment organisation Hays have tailored their respective financial wellbeing communications in order to engage their differing workforces.Travis Perkins has centred its financial wellbeing communications on established health and safety messages, which its employees readily engage with. A large number of ...
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ArticleEXCLUSIVE: Neyber to discuss financial wellbeing at Employee Benefits Live 2017
EXCLUSIVE: Nick Burns (pictured), chairman of the advisory board at Neyber, will discuss the cause and effect impacts of financial wellbeing issues on employees’ physical and mental health at Employee Benefits Live 2017.The session, titled ‘How are employees benefitting from financial wellbeing strategies?’, will form part of the financial wellbeing ...
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Supplier article
Employee reluctance to access pension advice not only a cost issue
In the Government's second Finance Bill 2017, a new income tax exemption to cover the first £500 worth of pensions advice provided to an employee was introduced.It will be implemented retrospectively from April 2017 and allow advice not only on pensions, but also on the general financial and tax issues ...
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Case Studies
Case study on the University of Lincoln: financial education designed for employees
Ian Hodson, Head of Reward, University of Lincoln, sits down with WEALTH at work to discuss the financial education programmes it has in place for its employees and how this has helped benefit their financial wellbeing. As well as this, Ian talks through the award winning financial education workshops designed ...
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Video
Why helping employees improve their financial wellbeing is essential
The seven-minute video above, presented by Jonathan Watts-Lay, director at Wealth at Work, covers the following areas:What is the impact of financial worries on employees?Why do businesses need to be concerned about this?What support can employers offer to employees?What is the best way to communicate this support?What support is available ...
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Supplier articleFinancial wellbeing — are we doing the right things?
Gethin Nadin, director, global partnerships, BenefexAlmost two years ago, we were told that rents were rising, mortgages were getting more expensive, consumer debt was increasing and that there was a real need for financial wellbeing in the workplace.So, what has changed? Not a lot, in my opinion. Debt continues to ...
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Article71% believe staff are distracted by personal debt at work
Just under three-quarters (71%) of employer respondents believe that employees may be distracted by personal debt problems while at work, according to research by Jelf Employee Benefits.The research, which surveyed 319 employers, also found that 43% of respondents believe employees at their organisation have been absent from work over the ...