All Financial wellbeing articles – Page 106
-
AnalysisInfographic: What percentage of global employees often worry about debt?
An infographic looking at the percentage of employees that often worry about how much debt they have (Source: Willis Towers Watson's Global benefits attitudes survey 2015/16, published in February 2016).Read more in How to align financial, physical and emotional wellbeing.
-
ArticleVictrex uses segmentation to assist financial education
Global high-performance polymer manufacturer Victrex employs around 600 people in the UK in roles ranging from manufacturing to management. When Sally Knill joined as head of reward in 2013, it soon became apparent that a financial education programme was needed. “There was limited appreciation of the benefits on offer,” she ...
-
AnalysisHow to align financial, physical and emotional wellbeing
Need to know:Financial worries can affect sleep, increasing the risk of mental and physical health problems, pushing up absence and potentially causing safety issues.Segmenting a workforce can make financial education more targeted and effective.Employers should not overlook simple changes, such as making it easier to claim expenses or promoting the ...
-
Article48% do not have an employee wellbeing strategy
Almost half (48%) of UK employer respondents do not have an employee wellbeing strategy in place, according to research by Close Brothers Asset Management.Its latest Business barometer, which surveyed 850 UK employers, also found that less than a quarter (23%) of respondents that do have a staff wellbeing strategy in ...
-
ArticleEXCLUSIVE: 79% do not expect their organisation will contribute to the lifetime individual savings account
EXCLUSIVE: More than three-quarters (79%) of employer respondents do not expect their organisation will contribute to the new lifetime individual savings account (Lisa), according to the Employee Benefits/Xerox HR Services Benefits research 2016, published in June.The savings vehicle was announced by Chancellor George Osborne in the March 2016 Budget. From ...
-
Supplier article
Should employees trust a robot at-retirement?
Jonathan Watts-Lay, Director, WEALTH at work, on why employees who are approaching retirement should be aware of robo advice.While the pension changes are good news, without financial education and advice employees are vulnerable, not just to the headline-grabbing scams, but to paying unnecessary tax, using the wrong assets for income ...
-
ArticleUniversity of Lincoln wins Employee Benefits Awards 2016 Grand Prix
The University of Lincoln took home the Grand Prix at the Employee Benefits Awards 2016.The organisation was applauded for its trailblazing approach to financial wellbeing and its efforts to support staff and student employees through a programme described as groundbreaking.The University of Lincoln (pictured) also won the award for Best ...
-
AnalysisWhat is the lie of the land for workplace pension schemes?
In May, the Pensions Policy Institute (PPI) published its report Value for money in defined contribution (DC) workplace pensions. This considered the definition of value for money in this context, as well as how both members and employers can gain value from their schemes.An increased focus on gaining value from ...
-
Supplier article
The EU Referendum and HR…
We are now just a calendar month away from the EU referendum. Whatever the outcome this is a seismic moment for the UK, its population, and of course employers also.We are of course strictly non-political, so we won’t be looking to influence our followers towards a decision either way. Yet ...
-
OpinionLovewell's logic: Are employers and staff aligned on financial wellbeing?
Do your employees know how much you care? When it comes to financial wellbeing support, the answer could well be a resounding ‘no’.According to the results of two research reports published this week, there appears to be something of a disconnect between employers’ and employees’ views on the matter.First, a ...
-
Article67% believe employers do not care about financial wellness
More than two-thirds (67%) of respondents believe that their employer does not care about their financial wellness, according to research by Neyber.Its DNA of financial wellbeing report, which surveyed 10,000 UK employees, also found that more than half (55%) of respondents feel that financial pressure affects their behaviour and ability ...
-
Article63% view financial wellness as an employer’s responsibility
Almost two-thirds (63%) of respondents view employees’ financial wellness as an employer's responsibility, according to research by mobile employee engagement platform LifeWorks.Its survey of 400 US-based HR professionals also found that 37% of respondents feel that executive leaders within their organisation are addressing financial wellness.The research also found:88% of respondents ...
-
Supplier article
WEALTH at work acquires the Affinity group of companies to meet growing demand
WEALTH at work – a leading provider of financial education in the workplace, supported by guidance and advice – has acquired the Affinity group of companies (The Farleigh Group Ltd), its third strategic acquisition following its purchase of Life Academy in 2015.Affinity (The Farleigh Group Ltd), founded in 2004, is ...
-
ArticleWealth at Work acquires Affinity
Financial education provider Wealth at Work has acquired the Affinity group.Founded in 2004, Affinity (The Farleigh Group) is a Bristol-based national provider of financial education and advice, working with over 200 employers who mainly operate in the public sector for local authorities.With this third strategic acquisition, Wealth at Work aims ...
-
ArticleEXCLUSIVE: 76% of Oxford BioMedica staff engage with pensions online after benefits revamp
EXCLUSIVE: More than three-quarters (76%) of Oxford BioMedica employees have registered to view their pension online following a revamp of its employee benefits programme.In September 2015, the gene and cell therapy organisation, which employs more than 180 staff, expanded its pension and financial education support offering with the introduction of ...
-
ArticleBT, Oracle and University of Lincoln shortlisted for best financial education
BT (pictured), Henderson Global Investors, Oracle and the University of Lincoln are among the organisations shortlisted for the Best financial education strategy award at the Employee Benefits Awards 2016.This award, sponsored by Wealth at Work, celebrates the most effective use of financial education and workplace savings within an organisation.The full ...
-
ArticleGovernment to legislate for increased master trust protections
The government is to introduce additional measures to protect members of master trust pension schemes through a new Pensions Bill.The Pensions Bill was unveiled in background briefing documents following the Queen’s Speech in the Houses of Parliament yesterday (18 May).Under the proposals, master trusts would be required to demonstrate that ...
-
Article40% feel let down by lack of access to financial advice
Four in ten (40%) respondents feel let down if their employer fails to support them with access to advice on their pensions and future finances, according to research by online pension advice provider Wealth Wizards.Its survey of 1,000 UK employees also found that two-thirds (67%) of respondents believe it is ...
-
AnalysisInfographic: The worries facing UK employees
An infographic looking at the worries facing UK employees (Source: Mercer research, published in November 2015).Read more in How to engage staff with financial wellbeing.
-
Case StudiesPolice Mutual engages staff with loan offering
Police Mutual, an organisation that offers financial services to police and military employees and their families, gives its 500 employees access to competitive loans through Neyber, a service where monthly repayments are deducted straight from their pay packet.Since introducing the scheme at the beginning of 2015, around 5% of the ...