All Financial wellbeing articles – Page 108
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OpinionClaire McCartney: What aspects of financial wellbeing matter most to employees?
The twice yearly Chartered Institute for Personnel and Development (CIPD) and Halogen Employee outlook survey of more than 2,000 employees investigates the key workplace issues from their perspective. For the first time, the latest autumn survey, published in November 2016, explored employee financial wellbeing, which we define as a state ...
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Case StudiesConfederation of British Industry offers London rental deposit scheme to staff
The Confederation of British Industry (CBI) introduced a London rental deposit loan scheme for its employees in February 2015 in order to help staff with the cost of housing in the capital. The organisation implemented the scheme, which was pioneered by housing and homelessness charity Shelter, after its 2014 London ...
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Article94% believe employers should set aside a budget for financial education
More than nine in 10 (94%) respondents think their employer should set aside a budget to provide financial education for staff, according to research by Lemonade Reward.Its survey of 83 HR and reward employees also found that almost two-thirds (61%) of respondents cite not having enough money to live on ...
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ArticleEXCLUSIVE: 68% offer at-retirement support to help staff make informed decisions
EXCLUSIVE: More than two-thirds (68%) of employer respondents that offer at-retirement support to staff do so because they want to support staff in making informed decisions, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that a ...
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Supplier article
First-time home buyers, the Lifetime ISA and pension pots
The new Lifetime ISA (LISA) is due to be available from April 2017 for individuals under age 40. Contributions will be topped-up by the government by 25% with an annual savings limit of £4,000. It can be used for buying a first home (up to a value of £450,000) at ...
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ArticleEXCLUSIVE: 28% provide financial education for all staff
EXCLUSIVE: More than a quarter (28%) of employer respondents provide financial education for all staff, compared to 32% in 2015, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, found that a further 31% of respondents are considering introducing ...
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ArticleEXCLUSIVE: 26% believe employers should meet retirement costs as life expectancies rise
EXCLUSIVE: More than a quarter (26%) of respondents believe that employers should provide for the cost of retirement in societies where life expectancies are increasing, according to research by Chase De Vere.Its survey of 500 UK residents aged between 35 and 64 also found that 30% of respondents think that ...
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ArticleEXCLUSIVE: 46% offer at-retirement support to staff
EXCLUSIVE: Less than half (46%) of employer respondents offer at-retirement support to employees, compared to 45% in 2014, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that 49% of respondents run retirement seminars for staff in ...
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ArticleDo not miss Employee Benefits Wired: maximising pensions potential
Employee Benefits Wired: maximising pensions potential, presented in association with Close Brothers Asset Management, will be broadcast live at 11am on Tuesday 29 November 2016. The debate can be viewed for free on EB TV.The online panel discussion will provide insight on the key factors impacting pensions. This will include ...
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Supplier article
The Autumn Statement 2016
The Chancellor yesterday delivered the Autumn Statement 2016.Salary sacrifice scrapped – with a few exceptionsThe tax and employer National Insurance advantages of salary sacrifice schemes will be removed from April 2017, except for arrangements relating to pensions (including advice), childcare, Cycle to Work and ultralow emission cars. Arrangements in place ...
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Supplier article
Keeping employees financially fit
According to Xerox’s recent Working Well survey, two-thirds of employers see lowered productivity as a direct impact of poor financial wellbeing.There’s a lot of work to be done to ensure employees are financially fit today and retirement ready in the future. Many employers know how important financial wellbeing is, but ...
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Article65% of employees view financial wellness in the workplace as important
Almost two thirds (65%) of employee respondents cite financial wellness in the workplace as important to them, according to research by Thomsons Online Benefits.Its Future of financial wellness report, which surveyed 200 HR and reward professionals and 500 employees in the UK, also found that less than one in 10 ...
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Supplier article
Taking a wider view with pension transfers
Recently I had an interesting discussion with pension lawyers and professional financial Advisers about the requirements to provide advice on pension transfers, particularly around defined benefit (DB) schemes; a target area for scammers and one that carries risk due to the valuable benefits in these schemes.The first question discussed was; ...
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Article
P9: Close Brothers Industry Insight: Five ways to navigate financial education and financial wellbeing
With a growing interest in financial wellbeing and financial education, more providers are entering this market and others are now using it as a wraparound descriptor for their services. But with increased choice there can be confusion, so here are five ways to navigate the market noise.Address the biggest risk ...
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Article
2: Sponsor's Comment: A simple measure of the value of financial education
I’m often asked two questions when discussing the need for a financial education programme: ‘We already have a lot of information on our website and in our pension communications, why isn’t that enough?’ and ‘What kind of value will you add for employees and employers if you deliver financial education?’These ...
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ArticleEXCLUSIVE: 33% do not plan to offer a workplace lifetime Isa
EXCLUSIVE: A third (33%) of employer respondents do not plan to introduce the lifetime individual savings account (Lisa) as a workplace savings tool, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, found that just 7% plan to offer ...
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ArticleOffering pensions education and guidance provides benefits for employers and staff
Investing in pensions education and guidance provides benefits for employers and employeesOver the past few years, the pace of change in the pensions industry has posed a number of challenges for employers. Not only has it required organisations to review and adapt their pensions provision, they have often had to ...
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ArticleEXCLUSIVE: 36% are using auto-re-enrolment to introduce wider pensions communications
EXCLUSIVE: More than a third (36%) of employer respondents are using pensions auto-re-enrolment as an opportunity to introduce wider communications around pensions and pension savings, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that a fifth ...
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ArticleEXCLUSIVE: Jelf Employee Benefits sees 14% of staff take up Christmas savings scheme
EXCLUSIVE: Jelf Employee Benefits has achieved a 14% take-up rate for its Christmas savings club, with 168 employees saving through the scheme over the last 12 months.The Christmas savings club aims to help the organisation's employees to save and take control of their finances, while reducing financial stress around the ...
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Article74% view wellbeing programmes as a key part of their employee value proposition
Almost three quarters (74%) of employer respondents believe their wellbeing programme is an important element of their employee value proposition, according to research by Xerox HR Services.Its Working well: a global survey of workforce wellbeing strategies report, which surveyed 428 organisations across 33 countries, also found that 52% of respondents ...