All Financial wellbeing articles – Page 11
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AnalysisEmbedding a joined-up savings approach
Credit: tadamichi/ShutterstockNeed to know:Employers are reporting more appetite among employees to save, especially for retirement, but encouraging a joined-up savings habit can still be challenging.Using payroll-based tools is becoming popular, but whatever products employers put in place need to be accompanied by ongoing financial education.Employee benefits professionals are key to ...
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ArticleNewcastle Building Society accredited as living pension employer
Newcastle Building Society has received living pension employer accreditation from the Living Wage Foundation.The society’s commitment will see its new employees, who join the organisation after 1 April 2024, receive a higher default level of pension than current auto-enrolment contributions, with workers paying 5% and employers paying 7%. Through auto-enrolment, ...
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ArticleKnauf UK and Ireland implements financial education support
Building materials manufacturer Knauf UK and Ireland has introduced financial education support for its 480 employees to develop their financial skills and knowledge.Knauf employees will be now be able to access interactive and impartial financial education and articles by finance experts, through a platform provided by financial education firm Nudge ...
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ArticleCushon rebrands to Natwest Cushon
Credit: William Barton / Shutterstock.comPension and savings fintech Cushon has rebranded to Natwest Cushon a year after its acquisition by the banking organisation.Natwest took an 85% stake in the business and has invested in the development of its technology and products over the past 12 months. It will adopt Natwest’s ...
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Case StudiesThe benefits offered by Brewers Decorator Centres
The benefits on offer at Brewers include:Pension A group personal pension (GPP) plan for all employees, with a 4% employee and 5% employer contribution. If employees want to contribute 5% then Brewers will contribute 6%.Healthcare and wellbeingPrivate medical insurance (PMI) scheme for senior employees, employer paid.Virtual GP.Health cash plan, employer ...
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Case StudiesPodcast: Brewers Decorator Centres makes employee wellbeing a high priority
Employee Benefits · Employee Benefits/Brewers podcastListen: Brewers Decorator Centres ensures its benefits proposition is designed to support all employees in all areas of their lives. In this episode of the Employee Benefits podcast, Jane Clifford, people director, shares her views on how benefits should both help to make people’s everyday ...
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ArticleGovernment launches pensions review to boost investment and outcomes
Rachel Reeves, chancellor of the exchequer, has announced a pensions review as part of the government’s aim to boost growth and productive investment into the UK economy. The chancellor’s plans include looking at how broader investment strategies could potentially deliver higher pensions returns and how to unlock ...
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ArticleWatch Employee Benefits’ Future proofing employees’ financial wellbeing webinar
Employee Benefits’ webinar, Future proofing employees’ financial wellbeing, is now available to watch for free on demand.The webinar, sponsored by Aviva, was broadcast live at 11am on Tuesday 16 July.Debbie Lovewell-Tuck, editor of Employee Benefits, was joined by three expert panellists for the in-depth conversation: Laura Stewart-Smith, head of client ...
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ArticleThe top 10 most read articles between 12 - 18 July 2024
The top 10 most read articles between 12 - 18 July 2024 on employeebenefits.co.uk were: BT Group to roll out new family leave policyKing’s Speech introduces mandatory ethnicity and disability pay reportingEmma Reynolds named pensions ministerKing’s Speech introduces Employment Rights BillUtility Warehouse introduces personalised financial education for employeesGusto Group to ...
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Supplier articleWill the planned defaults for those retiring be in their best interest
Jonathan Watts-Lay, Director, WEALTH at work, comments;“As a result of the new Pensions Bill, announced in the King’s speech, it will be interesting to hear more of the plans for trust-based schemes to be legally required to offer retirement income solutions to members, including default investment options.Defaulting members may have ...
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ArticleKing's Speech introduces Employment Rights Bill
Credit: Muhammad Aamir Sumsum / Shutterstock.comThe new Labour government is to introduce an Employment Rights Bill within its first 100 days as part of its plan to make work pay.Announced in the King’s Speech on Wednesday 17 July, the plan will create a new partnership between business, trade unions and ...
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ArticleStagecoach Merseyside and Cambus drivers and engineers accept pay offers
Bus drivers and engineers at Stagecoach Merseyside and Cambus in the east of England have accepted improved pay offers. Stagecoach Merseyside workers, who are members of trade union Unite, secured a pay rise worth 6.4%. Drivers will now receive £16.60 per hour, rising to £17.30 per hour ...
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ArticleUtility Warehouse introduces personalised financial education for employees
Multiservice provider Utility Warehouse has introduced new personalised financial education for its 2,500 UK employees to support them in this area.Through a partnership with financial education provider Nudge Global, Utility Warehouse’s employees will have access to a feed of bite-sized interactive and impartial financial education and articles researched, curated, designed ...
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Supplier article40% concerned about not having enough savings for unexpected costs
- Top tips to cut costs and boost savings According to WEALTH at work’s latest research of over 2,000 workers, the biggest financial concerns for the year include not having enough savings for unexpected costs (40%), not being able to save enough for the future (38%), not being able ...
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Article49% of UK organisations’ 2024 salary budgets were lower than the previous year
Half (49%) of UK organisations reported that their 2024 salary budgets were lower than the previous year, according to global advisory, broking and solutions firm Willis Towers Watson (WTW).Its Salary budget planning report was compiled by its Rewards Data Intelligence practice. Approximately 32,000 responses were received from employers across 168 ...
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ArticleUK women earn 35% less than men in 2024
Women in the UK earn 35% less than men in 2024, according to research by job search engine Adzuna.Its analysis of 672,311 CVs uploaded to its AI-powered CV screening tool ValueMyCV between January 2022 and March 2024 found the UK’s gender pay gap widened to 35% in March 2024, which ...
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ArticleThe Perfume Shop implements on-demand pay
Fragrance retailer The Perfume Shop has introduced on-demand pay as part of its ongoing commitment to supporting its workforce.Through the Wagestream app, the retailer’s employees will be able to draw up to 50% of their salary out at any time of the month to help with unexpected bills, expenses and ...
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ArticleFred Perry and Pieminister receive living wage employer accreditation
Credit: piyaphun phunyammalee / Shutterstock.comSporting and fashion brand Fred Perry and pie making business Pieminister have received real living wage employer accreditation from the Living Wage Foundation.Employees at the two organisations across the UK will now receive a minimum of £12 per hour, while those based in London will get ...
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Supplier articleReforming A Work Culture With Powerful Appreciation: Côte Partners with Each Person
Cote is taking a powerful step in bettering the lives of a remarkable 3,000 people with the support of Each Person, marking a major milestone in their journey in building a supportive modern workplace.Each Person is thrilled to see 3,000 people receive unmatched recognition for the brilliant team of Côte. ...
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ArticleOCS Group workers based at Edinburgh Airport accept 11.9% wage increase
Credit: Serge Cornu / Shutterstock.comMore than 100 workers employed by facilities services OCS Group at Edinburgh Airport have accepted an 11.9% increase to their basic wages.The employees help airport passengers with reduced mobility issues, including assisting with wheelchairs and ambilift vehicles.Their minimum hourly pay will rise from £10.90 to £12.20 ...