All Financial wellbeing articles – Page 111
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ArticleFinancial wellbeing in numbers
A look at some key statistics around financial wellbeing in the workplace:76% of US respondents provide financial health programmes for employees (Source: Fidelity Investments and the National Business Group on Health) bit.ly/1N6SVnG44% of millennial respondents cite saving for a house as their financial priority (Source: Barnett Waddingham) bit.ly/229SxM066% of respondents ...
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ArticleFinancial wellbeing case study round-up
A round-up of employer case studies around financial wellbeing:Police Mutual, a financial services provider for police and military employees, has given its 500 staff access to competitive loans, with monthly deductions coming straight from their pay packets. bit.ly/1TkJ2ZGLondon City Airport introduced a financial wellbeing app to help its 500 employees ...
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Article70% of health and care staff affected by financial stress
Over two thirds (70%) of employees who work in the health and care sectors have admitted to being affected by financial worries, according to research by Neyber.The 2016 DNA of financial wellbeing report, which surveyed 1,000 health and care service staff, also showed a 20% reduction in productivity, leading to ...
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Supplier article
WSB Awards announces Johnson Fleming as 2016 finalists
Johnson Fleming has been announced as a finalist in two categories at the Workplace Savings and Benefits Awards: Employee Benefit Consultant of the Year and Financial Education Provider of the Year.The awards recognise the best providers, based on their ability to help employers and their employees in their provision of ...
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ArticleRicoh UK sees 1,000 requests for follow-on financial education workshops since scheme launch
Ricoh UK has seen its employees request some 1,000 financial education follow-on workshops since the launch of its financial awareness programme.The global technology organisation introduced Make Your Money Count financial awareness presentations, provided by Secondsight, for its 2,500 UK-based employees at the end of 2015.Thus far, around a quarter of ...
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Case StudiesReed Smith boosts engagement with workplace Isa
International law firm Reed Smith introduced a workplace individual savings account (Isa) in 2012, launching the scheme alongside its auto-enrolment roll-out as a way of boosting staff engagement with the new pension scheme.Claire Gibbens, HR manager, says: “We had just signed up with a new provider, Hargreaves Lansdown, and [it] ...
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AnalysisWhat role do individual savings accounts play in a workplace savings strategy?
Need to knowReductions in pensions savings limits could make workplace individual savings accounts (Isas) an attractive savings vehicle for those contributions previously made to a workplace pension.Targeted at younger members of the workforce, the launch of the lifetime Isa (Lisa) next April could prove to be a catalyst for engaging ...
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Article68% of US managers think student loan assistance would improve employee morale
More than two-thirds (68%) of US manager respondents think that offering student loan assistance as part of an employee benefits package would improve employee morale, according to research by IonTuition.Its Employers’ perspective survey 2016: student loans and higher education benefits report, which polled 400 middle managers in the US, also ...
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Supplier article
LISA should not be seen as a threat and could encourage employees to save
As announced in this year’s Budget, a new Lifetime ISA (LISA) will be available from April 2017 for individuals under age 40 which can be used for buying a first home or for saving for retirement. The introduction of the LISA raises some important questions for the future of pensions ...
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AnalysisHow communication can drive benefits take-up
Driving take-up of any employee benefits package is a perennial challenge for employers; after all, it is no good having a comprehensive scheme if people do not know about it, or understand the value they could potentially get.A good starting point for employers is to make sure they are offering ...
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AnalysisInfographic: What can employers do to help employees find their way?
An infographic looking at what employers can do to help employees find their way and support their goals (Source: Willis Towers Watson's 2015/16 Global benefit attitudes survey, published in February 2016).Read more in How communication can drive benefits take-up
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Article57% of retail staff feel financial pressures impact their performance at work
Over half (57%) of employee respondents in the retail sector admit that financial pressures affect their ability to perform their job successfully, according to research by Neyber.Its The DNA of financial wellbeing report, which surveyed 1,178 UK employees working in the retail sector, also found that 74% of respondents are ...
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AnalysisInfographic: What percentage of global employees often worry about debt?
An infographic looking at the percentage of employees that often worry about how much debt they have (Source: Willis Towers Watson's Global benefits attitudes survey 2015/16, published in February 2016).Read more in How to align financial, physical and emotional wellbeing.
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ArticleVictrex uses segmentation to assist financial education
Global high-performance polymer manufacturer Victrex employs around 600 people in the UK in roles ranging from manufacturing to management. When Sally Knill joined as head of reward in 2013, it soon became apparent that a financial education programme was needed. “There was limited appreciation of the benefits on offer,” she ...
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AnalysisHow to align financial, physical and emotional wellbeing
Need to know:Financial worries can affect sleep, increasing the risk of mental and physical health problems, pushing up absence and potentially causing safety issues.Segmenting a workforce can make financial education more targeted and effective.Employers should not overlook simple changes, such as making it easier to claim expenses or promoting the ...
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Article48% do not have an employee wellbeing strategy
Almost half (48%) of UK employer respondents do not have an employee wellbeing strategy in place, according to research by Close Brothers Asset Management.Its latest Business barometer, which surveyed 850 UK employers, also found that less than a quarter (23%) of respondents that do have a staff wellbeing strategy in ...
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ArticleEXCLUSIVE: 79% do not expect their organisation will contribute to the lifetime individual savings account
EXCLUSIVE: More than three-quarters (79%) of employer respondents do not expect their organisation will contribute to the new lifetime individual savings account (Lisa), according to the Employee Benefits/Xerox HR Services Benefits research 2016, published in June.The savings vehicle was announced by Chancellor George Osborne in the March 2016 Budget. From ...
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Supplier article
Should employees trust a robot at-retirement?
Jonathan Watts-Lay, Director, WEALTH at work, on why employees who are approaching retirement should be aware of robo advice.While the pension changes are good news, without financial education and advice employees are vulnerable, not just to the headline-grabbing scams, but to paying unnecessary tax, using the wrong assets for income ...
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ArticleUniversity of Lincoln wins Employee Benefits Awards 2016 Grand Prix
The University of Lincoln took home the Grand Prix at the Employee Benefits Awards 2016.The organisation was applauded for its trailblazing approach to financial wellbeing and its efforts to support staff and student employees through a programme described as groundbreaking.The University of Lincoln (pictured) also won the award for Best ...
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AnalysisWhat is the lie of the land for workplace pension schemes?
In May, the Pensions Policy Institute (PPI) published its report Value for money in defined contribution (DC) workplace pensions. This considered the definition of value for money in this context, as well as how both members and employers can gain value from their schemes.An increased focus on gaining value from ...