All Financial wellbeing articles – Page 107
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Supplier article
Online seminar – Should employers take a paternalistic approach to their employees’ finances?
Money and mental health director Polly Mackenzie and Neyber’s resident financial wellbeing expert Heidi Allan are sharing ideas on how employers should approach their employees’ finances on 28 February, 10.00am.Topics coveredIs financial education key to helping employees feel more confident when it comes to money matters?What does a financial wellbeing ...
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Supplier article
The aftermath of the Autumn Statement
By Adam Mason, Consulting DirectorLike many within the employee reward sector, Benefex was intrigued by the outcome of the Autumn Statement. When the consultation opened in August, the industry was offered a taster of the Chancellor’s plans. The statement marked the first opportunity for the chancellor to provide his conclusions. ...
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Supplier article
Visit Neyber at Employee Benefits Connect for the latest financial research
Neyber will be at this year’s EB Connect on 1 March 2017 at Park Plaza, London.Visitors should sign up to Neyber’s roundtable, which will offer a sneak preview of this year’s DNA of financial wellbeing research.Visit the Neyber lounge at Stand D02 to pre-register for your own copy of Neyber’s ...
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ArticleEXCLUSIVE: Learn about the impact of financial wellbeing on long-term business growth at Employee Benefits Connect 2017
EXCLUSIVE: Gain insight into the impact of financial wellbeing on long-term business growth and productivity at Employee Benefits Connect 2017.Jeanette Makings (pictured), head of financial education at Close Brothers, will lead a session titled ‘Integrated financial wellbeing: the missing piece in future wellness strategies’ as part of the driving performance ...
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ArticleLouise’s lowdown: Building the business case to support employees with housing costs
In January 2017, the Mayor of London, Sadiq Khan, signed up the whole of the Greater London Authority (GLA) family to the Fifty Thousand Homes pledge. The Fifty Thousand Homes campaign aims to double housebuilding in London to at least 50,000 homes a year by the end of the Mayor’s ...
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Article34% are distracted by financial concerns at work
More than a third (34%) of employee respondents are distracted at work by financial concerns, according to research by MetLife UK.Its UK Employee benefits trends study 2017, which surveyed 301 employees and 600 HR representatives and decision makers in the UK, also found that more than half (54%) of employee ...
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ArticleFinancial education in numbers
A round-up of the key facts and figures relating to financial education in the workplace:49% of employee respondents feel that their employer does not do enough to support informed financial decisions on savings and investments (Source: Equiniti) bit.ly/2ev3g5o38% of UK employee respondents who work at an organisation with a financial ...
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OpinionMiranda Seath: Employees need to recognise the importance of seeking financial guidance
Chancellor Philip Hammond avoided throwing any deliberate hand grenades at pensions policy in the Autumn Statement 2016. There was no tinkering with the triple lock or pensions tax relief despite speculation from some commentators that there might be. Although the triple lock looks to be under threat after 2020, Hammond ...
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ArticleEmployer-arranged pensions advice can be combined with pensions advice allowance
The government has confirmed that the incoming pensions advice allowance can be used alongside the tax exemption for employer-arranged pensions advice, enabling employees to access up to £1,000 of tax-advantaged financial advice in a tax year.In its response to the Introducing a pensions advice allowance consultation, which ran between August ...
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ArticleTMgroup launches financial wellbeing workshops for staff
Property organisation TMgroup has introduced financial wellbeing workshops for its 142 UK-based employees.The workshops, which are delivered by The Tonic as part of a wider employee wellbeing programme, cover topics such as how to take control of daily finances, how to cope with financial shock, emergency funds, and how to ...
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Article63% believe economic impact of Brexit will drive financial education demand
Almost two thirds (63%) of employer respondents think that the impact of Brexit on the UK economy will drive demand for financial education in the workplace, according to research by Nudge.Its Financial education yearbook 2016/17 report, which surveyed 302 employers, also found that 32% of respondents already offer financial education ...
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Supplier article
Financial wellbeing initiatives: why you can’t afford to ignore them
By Gethin Nadin – Director of EcosystemsOver the last couple of years, Financial Wellbeing has made its way to the top of the HR agenda. What has traditionally been viewed as a sensitive and personal subject is now coming out onto a more public platform, and the responsibility of a ...
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ArticleInfographic: How do employers deliver financial education in the workplace?
An infographic showing the tools respondents use to deliver financial education in the workplace. (Source: Employee Benefits/Close Brothers Pensions research 2016, published in November 2016).Read more in: How to encourage employees to talk about finances in the workplace.
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OpinionCatherine Rickard: The case for considering employees’ financial wellbeing is compelling
Significant proportions of employees are facing increasing financial challenges. For example, demographic and policy changes, rising education and housing costs, an ageing population and rising state pension age, mean that the financial pressures facing employees are only likely to intensify over the coming years.But why should employers be concerned if ...
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Case StudiesAdmiral Group provides tools to help staff manage financial concerns
Insurance group Admiral offers its employees financial education through its Ministry of Money programme.The Ministry of Money, represented by a green pig, is designed to be a humorous way to get more serious messages across to the workforce. Admiral also runs a Ministry of Health to focus on health and ...
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ArticleHow to encourage employees to talk about finances in the workplace
Need to know:Unsecured debt in UK households is at a record high.A financial education programme to address sensitive financial issues should incorporate all benefits, including employee assistance programmes (EAPs) and retail discounts.Employers can use a range of communication methods, but they must assure employees that they can discuss sensitive subjects ...
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ArticleThe top issues a financial education strategy should incorporate in 2017
Need to know:Giving employees guidance around effective retirement planning is a key issue that a financial education strategy should focus on in 2017.Financial wellbeing in the context of broader employee wellbeing is also set to continue to be a key trend.Employers will also need to consider educating staff about alternative ...
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OpinionJackie Spencer: The workplace is a good place to start engaging people with their finances
Many people are not saving enough for retirement and with over 40 million people in work across the UK, the workplace is a good place to start engaging people with their finances.A wide range of organisations are already involved in helping people to manage their money better: government bodies, commercial ...
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Case StudiesAKQA engages employees with retirement planning through one-to-one support
With a predominantly younger workforce, generating interest in, and engagement with, pensions and retirement income can be a challenge for digital agency AKQA.The agency, which employs 400 people in the UK but has 17 offices globally, offers a contract-based defined contribution (DC) group personal pension scheme, into which employees are ...
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Article25% believe money worries affect their ability to do their job
A quarter (25%) of employee respondents with money problems feel that this affects their ability to do their job, according to research by the Chartered Institute of Personnel and Development (CIPD) and Close Brothers Asset Management.The survey of 1,817 adults also found that 41% of respondents believe that being rewarded ...