All Financial wellbeing articles – Page 105
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ArticleEXCLUSIVE: Ben Group launches pensions engagement platform for staff
EXCLUSIVE: TV and film advertising organisation Brand of Entertainment Network Group (Ben Group) has launched a new pensions engagement platform for staff.The online investment strategy platform, provided by Wealth Wizards and launched in September 2016, gives Ben Group's 32 employees access to online tools to enable them to better plan ...
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Supplier article
Pension freedoms drive financial education
Financial education in the workplace is increasingly becoming a part of the employee benefits landscape in the UK. There have been many drivers behind the rise and rise of this benefit option, but perhaps the pivotal moment came with the announcement of pension freedoms in 2014.Fundamentally, pension freedoms was a ...
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ArticleSackers launches personalised financial education programme for staff
Pensions law firm Sackers has launched a new financial education programme for its 100 employees, including partners and support staff.Sackers introduced the programme, provided by Nudge, with the aim of ensuring that its staff have access to targeted financial education support that meets their needs, and to provide them with ...
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ArticleGovernment consults on definition of financial advice
HM Treasury has launched a consultation to discuss amending the UK definition of financial advice.The purpose of amending this definition is to create a clear, single outline that organisations can easily follow and build into compliance arrangements, and to remove uncertainty around the boundary between what constitutes regulated advice and ...
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ArticleOld Mutual launches financial education programme for staff
International investments and savings organisation Old Mutual has launched a personalised financial education programme for its 200 employees.The programme, provided by Nudge, aims to further strengthen the organisation's current wellbeing strategy.The scheme uses a regular flow of data to provide employees with personalised and predictive financial education that corresponds to ...
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ArticleEXCLUSIVE: Hachette UK introduces financial education workshops for under 30s
EXCLUSIVE: Publishing group Hachette UK has introduced targeted financial education workshops to address the financial issues of most concern to employees under 30.The organisation ran a pilot project in July 2016, provided by Jelf Employee Benefits, which surveyed participants before and after a financial education workshop. Almost three-quarters (71%) of ...
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Article34% feel there is too much choice when saving for retirement
Just over two thirds (34%) of respondents believe there is too much choice when it comes to saving for retirement, according to research by Willis Towers Watson and Nottingham University Business School.The study, which surveyed 2,000 UK employees, also found that 35% of respondents feel that a lack of knowledge ...
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Article
6: small tax and leg: Government consultation round-up
Gender pay gap reporting for the public sectorGender pay gap reporting guidelines are already in place for private and voluntary organisations employing more than 250 staff, with initial data due to be captured in 2017. In alignment with these measures, the government has recently concluded consulting on how to implement ...
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ArticleGovernment presses ahead with Lifetime Isa
The Savings (Government Contributions) Bill 2016-2017, which will legislate for the Lifetime individual savings account (Lisa), has been introduced to the House of Commons.The Lisa was unveiled by former Chancellor George Osborne in the March 2016 Budget. The savings vehicle aims to help young people save for their first home ...
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Case StudiesGerald Eve engages staff with pension saving through bonus scheme and financial education
Property consultancy Gerald Eve, which employs more than 430 staff across nine UK offices, utilises a range of communication channels and topical and lifestage-focused financial education support to engage its employees with pension saving.Gerald Eve has a high pensions take-up rate, with 93% of eligible employees saving into the ...
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OpinionTim Middleton: Pensions education must start early on in employees' working lives
Automatic enrolment owes its success to the harnessing of inertia. Employees are, by default, enrolled into their employer’s pension scheme and contributions are automatically deducted and invested on their behalf.However, in spite of its success in bringing so many employees into workplace pension saving, automatic enrolment is not on its ...
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Article59% include financial wellbeing in staff wellbeing strategy
More than half (59%) of employer respondents who have a staff wellbeing strategy in place now specifically include financial wellbeing within this, according to research by Close Brothers Asset Management.Its quarterly Business barometer, which surveyed 906 UK employers, also found that 70% of service organisation respondents that have a staff ...
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AnalysisHow to create a year-round pensions engagement strategy
Need to know:A year-round pensions engagement strategy can help to maintain and increase interest levels over the longer term.Certain personal and national events can serve as opportunities to shine a spotlight on pensions and build momentum.Including pensions in a wider financial wellbeing strategy can enable staff to better visualise the ...
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Supplier article
Are you ready for the new Insurance Act?
The new Insurance Act 2015 replaces law that’s been in place since 1906. It applies to all non-consumer insurance policies incepted or renewed on or after 12 August 2016, when the Act came into force.The Act has been designed to provide a more up to date framework for commercial insurance ...
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Video
What is next for workplace savings?
The eight minute video above, presented by Miranda Seath, senior researcher at Platforum, and Jeremy Fawcett, head of direct at Platforum, covers: What are the key developments affecting workplace savings and why are they important?What are the drivers for improved employee engagement in workplace saving?What new digital forms of advice ...
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Supplier article
90% of employers think employees save more through workplace savings options
WEALTH at work recently carried out a poll and found that 90% of employers thought that employees save more when workplace savings options (such as workplace ISAs, SAYE/SIP schemes and pensions) are offered.In light of this, Jonathan Watts-Lay, director, WEALTH at work, discusses why looking after an employee’s financial wellbeing ...
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Supplier article
Top tips for employees to cut costs and boost savings
WEALTH at work shares some of its top tips for employees wanting to cut their costs and to boost their savings.1. Do employees know where their money is going?Employees should check their bank statements and make a list of what they are spending each month. It is helpful to divide ...
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ArticleWatch Employee Benefits Summer School 2016
Employee Benefits Summer School will return next week (Monday 15-Thursday 17 August 2016).The series of short e-learning tutorials will enable benefits and HR professionals to gain insight on the latest trends in key benefits areas, including health and wellbeing, workplace savings, and global mobility.On Monday 15 August, Beate O’Neil, head ...
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ArticleAssociated British Ports to roll out financial education programme to all staff
Associated British Ports is to roll out a multi-generational lifestyle and financial education programme to all of its 2,000 employees.The career-long financial education programme, provided by Jelf Employee Benefits, will be available to staff across 21 ports in England, Scotland and Wales from September 2016.The roll out across the business ...
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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 ...