All Financial wellbeing articles – Page 105
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Supplier article
What employees can do to protect maturing share schemes from tax
Employees from many leading companies are benefiting from maturing Save As You Earn (SAYE) share schemes this year, but what can they do to make sure that these potentially life-changing amounts aren’t eroded by Capital Gains Tax (CGT)?Jonathan Watts-Lay, a director of WEALTH at work, said: “There are a few ...
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Case StudiesAberdeen Asset Management uses robo-advice to promote awareness of pension changes
Aberdeen Asset Management introduced a robo-advice platform to help employees fully understand the complex pension changes that came into effect on 6 April 2016, specifically the changes to the annual allowance and lifetime allowance for high earners.The financial services organisation worked with Lemonade Reward to introduce a platform whereby employees ...
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OpinionIan McKenna: Robo-advice is designed to help plug the financial advice gap
The size of the ‘advice gap’, the number of people who do not get financial advice, creates a significant risk that employees will seek to remain employed beyond the point where they are productive, because of inadequate retirement income.Recent moves, such as the so-called retail distribution review (RDR), have raised ...
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Supplier article
WEALTH at work delivers financial education to students
WEALTH at work has delivered a brand-new series of financial education workshops, specifically for students at The University of Lincoln. The workshops will take place three times a year in order to develop students’ financial knowledge, preparing them for life during and after university.The students will learn how to manage ...
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Supplier article
New tax year sees major changes to the way interest and dividends are taxed
The new tax year saw major changes to the way interest and dividends are taxed. With the introduction of two new allowances, plus increases to existing allowances, the Treasury estimates that 95% of savers will no longer pay any tax on their savings.WEALTH at work, a leading provider of financial ...
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Supplier article
Employee savings in the short medium and long term
Employers must think about the short-, medium- and long-term needs of their workforce, says Jonathan Watts-Lay, director, WEALTH at workFor some time now, people have been thinking about their personal finances with a short-, medium- and long-term view; albeit most people will look at it from a lifestyle and choice ...
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Supplier article
Jelf Employee Benefits launches new online e-learning courses
Jelf Employee Benefits has launched two e-learning courses to help employees get in control of their finances, plan effectively for the future and prepare for retirement:Early Life Financial EducationLater Life Retirement PlanningBenefits for employers and employeesIt is now widely accepted that providing this kind of support for employees is the ...
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AnalysisHow to support employees in a financial emergency
Need to know:The nature of the financial problem often depends on the stage of life an employee is at.Employee assistance programmes (EAPs), debt management support and emergency loans are just some of the ways that employers can help their employees during difficult times.Employers can also offer online budget modellers, a ...
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ArticleFinancial wellbeing in numbers
A look at some key statistics around financial wellbeing in the workplace:76% of US respondents provide financial health programmes for employees (Source: Fidelity Investments and the National Business Group on Health) bit.ly/1N6SVnG44% of millennial respondents cite saving for a house as their financial priority (Source: Barnett Waddingham) bit.ly/229SxM066% of respondents ...
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ArticleFinancial wellbeing case study round-up
A round-up of employer case studies around financial wellbeing:Police Mutual, a financial services provider for police and military employees, has given its 500 staff access to competitive loans, with monthly deductions coming straight from their pay packets. bit.ly/1TkJ2ZGLondon City Airport introduced a financial wellbeing app to help its 500 employees ...
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Article70% of health and care staff affected by financial stress
Over two thirds (70%) of employees who work in the health and care sectors have admitted to being affected by financial worries, according to research by Neyber.The 2016 DNA of financial wellbeing report, which surveyed 1,000 health and care service staff, also showed a 20% reduction in productivity, leading to ...
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Supplier article
WSB Awards announces Johnson Fleming as 2016 finalists
Johnson Fleming has been announced as a finalist in two categories at the Workplace Savings and Benefits Awards: Employee Benefit Consultant of the Year and Financial Education Provider of the Year.The awards recognise the best providers, based on their ability to help employers and their employees in their provision of ...
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ArticleRicoh UK sees 1,000 requests for follow-on financial education workshops since scheme launch
Ricoh UK has seen its employees request some 1,000 financial education follow-on workshops since the launch of its financial awareness programme.The global technology organisation introduced Make Your Money Count financial awareness presentations, provided by Secondsight, for its 2,500 UK-based employees at the end of 2015.Thus far, around a quarter of ...
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Case StudiesReed Smith boosts engagement with workplace Isa
International law firm Reed Smith introduced a workplace individual savings account (Isa) in 2012, launching the scheme alongside its auto-enrolment roll-out as a way of boosting staff engagement with the new pension scheme.Claire Gibbens, HR manager, says: “We had just signed up with a new provider, Hargreaves Lansdown, and [it] ...
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AnalysisWhat role do individual savings accounts play in a workplace savings strategy?
Need to knowReductions in pensions savings limits could make workplace individual savings accounts (Isas) an attractive savings vehicle for those contributions previously made to a workplace pension.Targeted at younger members of the workforce, the launch of the lifetime Isa (Lisa) next April could prove to be a catalyst for engaging ...
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Article68% of US managers think student loan assistance would improve employee morale
More than two-thirds (68%) of US manager respondents think that offering student loan assistance as part of an employee benefits package would improve employee morale, according to research by IonTuition.Its Employers’ perspective survey 2016: student loans and higher education benefits report, which polled 400 middle managers in the US, also ...
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Supplier article
LISA should not be seen as a threat and could encourage employees to save
As announced in this year’s Budget, a new Lifetime ISA (LISA) will be available from April 2017 for individuals under age 40 which can be used for buying a first home or for saving for retirement. The introduction of the LISA raises some important questions for the future of pensions ...
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AnalysisHow communication can drive benefits take-up
Driving take-up of any employee benefits package is a perennial challenge for employers; after all, it is no good having a comprehensive scheme if people do not know about it, or understand the value they could potentially get.A good starting point for employers is to make sure they are offering ...
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AnalysisInfographic: What can employers do to help employees find their way?
An infographic looking at what employers can do to help employees find their way and support their goals (Source: Willis Towers Watson's 2015/16 Global benefit attitudes survey, published in February 2016).Read more in How communication can drive benefits take-up
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Article57% of retail staff feel financial pressures impact their performance at work
Over half (57%) of employee respondents in the retail sector admit that financial pressures affect their ability to perform their job successfully, according to research by Neyber.Its The DNA of financial wellbeing report, which surveyed 1,178 UK employees working in the retail sector, also found that 74% of respondents are ...