All Financial wellbeing articles – Page 110
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ArticleEXCLUSIVE RESEARCH: 56% use tools and modellers for financial education
Employee Benefits is hosting a live webinar, Employee Benefits Wired: the changing pensions landscape, at 1pm tomorrow (Tuesday 1 December). Tune in to EB TV to watch the 30-minute panel discussion live. Send your questions to the expert panel by tweeting #EBWired.EXCLUSIVE RESEARCH: Tools and modellers (56%), along with face-to-face ...
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ArticleEXCLUSIVE RESEARCH: 76% view financial education as essential for all staff
Employee Benefits is hosting a live webinar, Employee Benefits Wired: the changing pensions landscape, at 1pm on Tuesday 1 December. Tune in to EB TV to watch the session and send your questions to the panel by tweeting #EBWired.EXCLUSIVE RESEARCH: More than three-quarters (76%) of respondents believe it is essential ...
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Article48% are concerned about saving enough for retirement
Almost half (48%) of respondents are concerned about saving enough for retirement, according to research by Mercer.Its survey of 1,500 workers between the ages of 24 and 64 also found that 41% of respondents worry about whether they could provide for their family if impacted by illness or death.The research ...
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Case StudiesMartin Currie offers greater savings flexibility with new platform
Offering employees greater flexibility around how they save and broader access to the fund market were the key reasons behind investment management firm Martin Currie’s decision to introduce a workplace savings platform in 2013.Craig Gibson, head of reward, explains: “We offer all our employees membership of our self-invested personal pension ...
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AnalysisHow integrated to the workplace should an employee’s finances be?
If you read nothing else, read this…Workplace savings platforms allow employees to bring together their financial products to give them an overview and insight into their wealth.While some platforms offer access to a range of savings and investment products, others allow employees to pull together different products, including current accounts, ...
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OpinionMartin Upton: Employers have a responsiblity to support employees with financial education
There are many examples of benevolent employers that have attended to their employees’ welfare beyond the work place. Joseph Rowntree and the Cadbury family are exemplars of such benevolence, providing housing, health services and pension schemes for their employees. But when it comes to their employees’ welfare, should contemporary businesses ...
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Case StudiesMonster introduces workplace savings platform to help staff understanding of finances
When recruitment firm Monster started preparing for auto-enrolment, its senior director for human resources, Claire Lock, got a bit of a shock.“We’d been offering a generous pension scheme but only 41% of staff had signed up,” she explains. “Employees didn’t really understand its value or the implications of not saving ...
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ArticleEXCLUSIVE: Getty engages 73% of staff with financial wellbeing
EXCLUSIVE: Almost three quarters (73%) of Getty Images’ employees have engaged with its financial wellbeing programme since its launch in August 2014.The online image, video, music and multimedia library offers its 300 members of staff a personalised financial education programme, provided by Nudge Global. The platform includes elements such as ...
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Article87% adapt pension schemes to suit millennials
Almost four in five (87%) respondents have adapted their workplace pension scheme to suit the needs of millennial workers (aged 16-35), according to research by Aegon UK.Its survey of 508 employers found that 23% use digital tools to help younger workers manage their pension contributions.The research also found that:More than ...
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Article63% have no financial provision for the future
Almost two-thirds (63%) of respondents have made no financial provision for the future, according to research by Equiniti Employee Services.Its survey of 1,189 UK employees found that less than a third (32%) of respondents save regularly.The research also found:More than a quarter (27%) try to save but monthly financial commitments ...
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ArticleParliamentary committee urges Pension Wise improvements
The government should publish, and require providers to publish, take-up statistics for the Pension Wise service and the advice and pensions markets on a quarterly basis, according to a report by the Work and Pensions Committee.Its Pension freedom guidance and advice report has deemed the government’s reticence on publishing figures ...
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ArticleKingfisher develops pensions app to engage staff
NAPF 2015: Retail group Kingfisher has developed a brand-specific app to engage its 36,000 staff who are members of the Kingfisher pension scheme.The employer’s communications and financial education strategy around pensions began as a way of informing its staff about auto-enrolment, explained Dermot Courtier, head of group pensions at Kingfisher, ...
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Article
15: Close Brothers Industry Insight: Getting the balance right for retirement savings
The combination of longer lifespans and new pension freedoms has turned the way we need to plan for retirement on its head.The freedom and choice reforms are now tearing up the traditional covenant between the government and savers. For generations, pensions have been structured as ‘a double-edged incentive’; in return ...
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Article68% favour initial tax relief on pensions
More than two-thirds (68%) of respondents are in favour of retaining some level of initial tax relief for pension contributions, according to research by Jelf Employee Benefits.The 2015/16 Jelf Employee Benefits survey found that, from an employer perspective, 27% of respondents do not want to see any change to the ...
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Analysis
33: LV= industry insight - Good retirement advice is key to good retirement outcomes
The radical changes to pensions mean that employees now have much greater flexibility and choice over how to access their pensions than ever before. The ability to take as much as you like from your pension when you like, combined with the tax changes to allow wealth transfer, offers the ...
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OpinionIan McKenna: Fully responsive websites are the way forward
Mobile devices represent a great opportunity to engage with staff to ensure they understand the full range and advantages employers spend on benefits.Devices don’t just get used when people are mobile; for many users they are a far more comfortable and convenient way to access information than a laptop or ...
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ArticleTake part in exclusive pensions research
How well do your employees understand the pension reforms? What financial education strategies are you using to support staff?Tell us in the exclusive Employee Benefits/Close Brothers Pensions research 2015, which is designed to help you benchmark your organisation’s pensions strategy.We are particularly interested in finding out how the pension reforms ...
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ArticlePensions research deadline extended
The Employee Benefits/Close Brothers Pensions research 2015 deadline has been extended to Wednesday 30 September so there is still time to have your say.How are the pension reforms impacting workplace pension strategies? How are employers communicating the pension changes to staff? Share your experiences by taking part in the short ...
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AnalysisTop tips for increasing employees’ pension contributions
If you read nothing else, read this …Many employees are not paying enough into pensions.Financial education, employer matching and tax relief can encourage staff to increase pension contributions.Auto-enrolment and the pension freedoms have helped to highlight the importance of good contributions.Employees contribute an average of 5% of their earnings towards ...
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ArticleHeineken and Virgin Media communicate pension changes to staff
Employee Benefits Live 2015: Heineken and Virgin Media have adopted a continuous communications approach to inform staff about the pension reforms.Speaking at a conference session on the effect of the latest general election on workplace pensions at Employee Benefits Live 2015, David Roberts, head of pensions and benefits at Virgin ...