All Financial wellbeing articles – Page 110
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Article
6: small tax and leg: Government consultation round-up
Gender pay gap reporting for the public sectorGender pay gap reporting guidelines are already in place for private and voluntary organisations employing more than 250 staff, with initial data due to be captured in 2017. In alignment with these measures, the government has recently concluded consulting on how to implement ...
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ArticleGovernment presses ahead with Lifetime Isa
The Savings (Government Contributions) Bill 2016-2017, which will legislate for the Lifetime individual savings account (Lisa), has been introduced to the House of Commons.The Lisa was unveiled by former Chancellor George Osborne in the March 2016 Budget. The savings vehicle aims to help young people save for their first home ...
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Case StudiesGerald Eve engages staff with pension saving through bonus scheme and financial education
Property consultancy Gerald Eve, which employs more than 430 staff across nine UK offices, utilises a range of communication channels and topical and lifestage-focused financial education support to engage its employees with pension saving.Gerald Eve has a high pensions take-up rate, with 93% of eligible employees saving into the ...
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OpinionTim Middleton: Pensions education must start early on in employees' working lives
Automatic enrolment owes its success to the harnessing of inertia. Employees are, by default, enrolled into their employer’s pension scheme and contributions are automatically deducted and invested on their behalf.However, in spite of its success in bringing so many employees into workplace pension saving, automatic enrolment is not on its ...
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Article59% include financial wellbeing in staff wellbeing strategy
More than half (59%) of employer respondents who have a staff wellbeing strategy in place now specifically include financial wellbeing within this, according to research by Close Brothers Asset Management.Its quarterly Business barometer, which surveyed 906 UK employers, also found that 70% of service organisation respondents that have a staff ...
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AnalysisHow to create a year-round pensions engagement strategy
Need to know:A year-round pensions engagement strategy can help to maintain and increase interest levels over the longer term.Certain personal and national events can serve as opportunities to shine a spotlight on pensions and build momentum.Including pensions in a wider financial wellbeing strategy can enable staff to better visualise the ...
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Supplier article
Are you ready for the new Insurance Act?
The new Insurance Act 2015 replaces law that’s been in place since 1906. It applies to all non-consumer insurance policies incepted or renewed on or after 12 August 2016, when the Act came into force.The Act has been designed to provide a more up to date framework for commercial insurance ...
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Video
What is next for workplace savings?
The eight minute video above, presented by Miranda Seath, senior researcher at Platforum, and Jeremy Fawcett, head of direct at Platforum, covers: What are the key developments affecting workplace savings and why are they important?What are the drivers for improved employee engagement in workplace saving?What new digital forms of advice ...
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Supplier article
90% of employers think employees save more through workplace savings options
WEALTH at work recently carried out a poll and found that 90% of employers thought that employees save more when workplace savings options (such as workplace ISAs, SAYE/SIP schemes and pensions) are offered.In light of this, Jonathan Watts-Lay, director, WEALTH at work, discusses why looking after an employee’s financial wellbeing ...
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Supplier article
Top tips for employees to cut costs and boost savings
WEALTH at work shares some of its top tips for employees wanting to cut their costs and to boost their savings.1. Do employees know where their money is going?Employees should check their bank statements and make a list of what they are spending each month. It is helpful to divide ...
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ArticleWatch Employee Benefits Summer School 2016
Employee Benefits Summer School will return next week (Monday 15-Thursday 17 August 2016).The series of short e-learning tutorials will enable benefits and HR professionals to gain insight on the latest trends in key benefits areas, including health and wellbeing, workplace savings, and global mobility.On Monday 15 August, Beate O’Neil, head ...
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ArticleAssociated British Ports to roll out financial education programme to all staff
Associated British Ports is to roll out a multi-generational lifestyle and financial education programme to all of its 2,000 employees.The career-long financial education programme, provided by Jelf Employee Benefits, will be available to staff across 21 ports in England, Scotland and Wales from September 2016.The roll out across the business ...
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Supplier article
What employees can do to protect maturing share schemes from tax
Employees from many leading companies are benefiting from maturing Save As You Earn (SAYE) share schemes this year, but what can they do to make sure that these potentially life-changing amounts aren’t eroded by Capital Gains Tax (CGT)?Jonathan Watts-Lay, a director of WEALTH at work, said: “There are a few ...
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Case StudiesAberdeen Asset Management uses robo-advice to promote awareness of pension changes
Aberdeen Asset Management introduced a robo-advice platform to help employees fully understand the complex pension changes that came into effect on 6 April 2016, specifically the changes to the annual allowance and lifetime allowance for high earners.The financial services organisation worked with Lemonade Reward to introduce a platform whereby employees ...
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OpinionIan McKenna: Robo-advice is designed to help plug the financial advice gap
The size of the ‘advice gap’, the number of people who do not get financial advice, creates a significant risk that employees will seek to remain employed beyond the point where they are productive, because of inadequate retirement income.Recent moves, such as the so-called retail distribution review (RDR), have raised ...
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Supplier article
WEALTH at work delivers financial education to students
WEALTH at work has delivered a brand-new series of financial education workshops, specifically for students at The University of Lincoln. The workshops will take place three times a year in order to develop students’ financial knowledge, preparing them for life during and after university.The students will learn how to manage ...
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Supplier article
New tax year sees major changes to the way interest and dividends are taxed
The new tax year saw major changes to the way interest and dividends are taxed. With the introduction of two new allowances, plus increases to existing allowances, the Treasury estimates that 95% of savers will no longer pay any tax on their savings.WEALTH at work, a leading provider of financial ...
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Supplier article
Employee savings in the short medium and long term
Employers must think about the short-, medium- and long-term needs of their workforce, says Jonathan Watts-Lay, director, WEALTH at workFor some time now, people have been thinking about their personal finances with a short-, medium- and long-term view; albeit most people will look at it from a lifestyle and choice ...
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Supplier article
Jelf Employee Benefits launches new online e-learning courses
Jelf Employee Benefits has launched two e-learning courses to help employees get in control of their finances, plan effectively for the future and prepare for retirement:Early Life Financial EducationLater Life Retirement PlanningBenefits for employers and employeesIt is now widely accepted that providing this kind of support for employees is the ...
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AnalysisHow to support employees in a financial emergency
Need to know:The nature of the financial problem often depends on the stage of life an employee is at.Employee assistance programmes (EAPs), debt management support and emergency loans are just some of the ways that employers can help their employees during difficult times.Employers can also offer online budget modellers, a ...