All Financial wellbeing articles – Page 107
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Supplier article
WEALTH at work online poll
WEALTH at work is currently running an online poll on whether employers provide a guidance service* on financial issues such as pensions and retirement income options for their employees.*By guidance we mean a one to one conversation which helps employees clarify elements of their financial situation either in the workplace ...
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How income protection can help SMEs
Ellipse discusses the importance of SMEs staying on top of absence and how income protection products can help, following two sets research. Commissioned by Ellipse, Censuswide surveyed 1,005 employees and 504 SME decision makers in October 2016.Typically an SME employee takes 4.8 sick days per year, costing an average of ...
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The importance of financial wellbeing in the workplace
Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education, guidance and advice in the workplace discusses the importance of financial wellbeing in the workplace.What is the impact of being financially unwell on employees?It is not uncommon for employees to face financial worries at various stages of their ...
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Article39% are somewhat likely to provide access to a Lifetime Isa in the next five years
More than a third (39%) of employer respondents are somewhat likely to provide staff with access to a Lifetime individual savings account (Lisa) over the next five years, according to research by Willis Towers Watson.Its 2016 UK budget survey report, which surveyed 130 employers, also found that 30% of respondents ...
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Lifetime ISAs: what young employees should know
The Lifetime ISA has been referred to as the government’s ‘silver bullet’ when tackling the two main savings challenges of buying a new home, and contributing to a pension. You’re busy; you need a summary of what it is, what it does, and what you need to be aware of. ...
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ArticleFinancial Conduct Authority consults on new financial advice factsheet for employers
The Financial Conduct Authority (FCA) has launched a consultation on proposed guidelines designed to clarify the regulatory framework around financial advice, including the development of a factsheet for employers and pension trustees.The consultation is based around four of the recommendations made in the Financial Advice Market Review (FAMR), which was ...
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Make sure income protection claimants aren’t forgotten
When dealing with a long-term absence, it is vital employers treat the employee as a person and not a statistic. Although absences lasting six months or more are less likely to occur, they do happen. Employers should be prepared to support these people who are living with serious illness or ...
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ArticleEXCLUSIVE: Hologic launches online financial education programme
EXCLUSIVE: Global healthcare and diagnostics organisation Hologic has introduced a new online financial education programme for its 320 UK-based staff.The financial education programme, provided by Nudge, has been launched via a series of webinars and personalised online notifications or ‘nudges’ to employees across the organisation's Crawley, Manchester, and West Lothian ...
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Financial exclusion – solving a lifelong problem
By Monica Kalia, co-founder and chief strategy officer, NeyberFinancial exclusion is widespread in the UK today. According to Neyber’s 2016 research, The DNA of Financial Wellbeing, one in six people in the UK struggles to identify the balance on their bank statement and one in three is unable to manage ...
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An introduction to financial wellbeing
Gethin Nadin, director of ecosystemsAt Benefex, we’ve been helping our clients deliver financial wellbeing initiatives to their employers for years. We helped build the first employee financial education tool of its kind for Barclays, and we’ve even launched an ecosystem of FinTech aimed at improving employees’ overall financial wellbeing.UK employers ...
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ArticleUnum launches online financial education programme for staff
Unum has introduced an online financial education programme for its 800 UK-based employees.The financial education programme, which was launched on 6 March 2017 and is provided by Nudge, has been implemented to align with Unum’s existing wellbeing strategy, which supports employees’ financial, emotional and physical wellbeing.The programme uses both personal ...
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Pay: helping staff make their income go further
The last time unemployment rates were as low as their present levels, Queen were topping the charts with Bohemian Rhapsody, and the world was being introduced to the very first Inspector Morse novel. But while unemployment may be at its lowest rate since 1975, even if you’re in work you ...
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ArticleBT and John Lewis Partnership shortlisted for best financial wellbeing strategy
BT and John Lewis Partnership are among the organisations that have been shortlisted in the best financial wellbeing strategy category at the Employee Benefits Awards 2017.This award, sponsored by Wealth at Work, celebrates the most effective financial wellbeing strategies that have been implemented within organisations, including the use of financial ...
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42% of employers will provide access to the Lifetime ISA
The new Lifetime ISA (LISA) will be available from April 2017 for individuals under the age of 40, which can be used for buying a first home or for retirement. The introduction of the LISA has raised some important questions for the future of pensions and long term savings.One question ...
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ArticleJTI launches financial education programme
Global tobacco organisation JTI has launched a new online financial education programme for its 615 UK-based staff.The financial education programme, provided by Nudge, aims to support JTI's HR strategy of remaining an employer of choice.The new programme forms part of the organisation's wider approach to employee wellbeing, and will run ...
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Women and financial wellbeing
By Monica Kalia, co-founder and chief strategy officerI’ve worked for the last 20 years within the financial services sector and began my career in investment banking. In 2014 I co-founded Neyber having identified that a technology based solution was needed to revolutionise personal finance and help drive financial wellbeing.I’m passionate ...
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Neyber offers fair finance to improve financial wellbeing
Fair finance is accessible to 700,000 employees, thanks to Neyber. This figure is due to rise to over one million in 2017.Neyber is currently delivering borrowing and financial education to employees of over 60 companies and is also available via 14 employee benefit platforms. Neyber has also partnered with Police ...
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Spring Budget 2017 – summary of changes and commentary
The chancellor of the exchequer, Philip Hammond, has today delivered this year’s Budget Report. Please see our summary below.Income taxFor individuals, there were no changes to income tax allowances other than what was already known; the income tax personal allowance will increase from £11,000 to £11,500 with effect from 6 ...
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Article31% feel their employer is more interested in their physical than financial health
Around a third (31%) of respondents believe their employer takes a greater interest in their physical health than their financial health, according to research by Wealth Wizards.Its survey of 2,000 individuals also found that 70% of respondents feel that their physical and emotional wellbeing is negatively impacted when they are ...
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Monica Kalia reflects back on her trip to Davos with Innovate Finance
I have always been a great believer in the importance of the workplace as a community where people feel valued and respected.So I am always encouraged when I hear that many of the values of fairness and equality that I hold dear are being taken seriously by other businesses, not ...