All Financial wellbeing articles – Page 111
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AnalysisHow can employers support staff in tackling big societal issues?
If you read nothing else, read this…Broader societal trends are impacting employees and concerning employers.The cost of living is a particular issue, with 51% of staff concerned about their finances.Employers are increasingly helping employees save money for deposits on houses, and even to get access to mortgages.Some organisations are now ...
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ArticleEmployers must align financial wellbeing to reward
Employee Benefits Live 2015: Employers need to align their financial wellbeing scheme to their total reward programme in order to engage the workforce of tomorrow, according to Ian Hodson (pictured), reward manager at The University of Lincoln.Speaking at a session at Employee Benefits Live 2015, ’Educating your workforce to take ...
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ArticleWealth at Work acquires Life Academy
Financial education provider Wealth at Work has acquired Life Academy, a Wales-based provider of financial education and employee engagement programmes.The acquisition aims to expand Wealth at Work’s presence in the market, particularly in light of the increased demand for pre- and at-retirement financial education triggered by the pension reforms.Jonathan Watts-Lay ...
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Article82% want benefits to reflect their priorities
EXCLUSIVE: More than four-fifths (82%) of respondents believe their benefits package should change as their personal circumstances and priorities do, according to research by Davidson Asset Management (DAM).Its survey of 439 employees, directors and business owners, which is featured in its Employee benefits: 2035 report, also found that 87% of ...
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Article
Financial education in practice
https://player.vimeo.com/video/136815856The nine-minute video tutorial above covers:How should employers respond to pension reforms?What late career support should employers offer?What should employers consider around early career support for staff?What should employers take into consideration around whole-of-career support?Which groups will require special support?What do employers need to know about guidance and advice?To watch ...
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ArticleVolkswagen launches pension sessions for staff
EXCLUSIVE: Volkswagen has introduced educational classes about the pension freedoms for its 960 UK staff.The classes were designed following the pension flexibilities, which were first announced in the 2014 Budget. The first session was launched at the end of June 2015, with more seminars planned for September and November.The organisation ...
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ArticleGovernment launches financial advice review
The government has launched a major UK-wide review to examine how financial advice could work better for consumers.The Financial Advice Market Review will look at all types of retail financial products, including pensions, insurance, savings and mortgages.The review will consider ways to encourage people to seek financial advice and to ...
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Article32% unclear about Pension Wise service
Almost a third (32%) of respondents are unclear about the service Pension Wise can provide to employees, according to research by Close Brothers Asset Management.Its survey of 700 employers found that 29% do not know who their employees are turning to for information around the pension reforms.The study also found:13% ...
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Article11% of over-60s have no plans to retire
More than one in ten (11%) respondents over the age of 60 who have not yet retired do not plan to ever do so, according to research by annuity provider Retirement Advantage.Its survey of 1,009 adults, conducted for Retirement Advantage by YouGov, also found that 6% of over 50s that ...
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ArticleOracle revamps financial education programme
EXCLUSIVE: Oracle has revamped its financial education programme for its 5,800 UK employees.The technology firm opted to revamp its financial education programme and introduce pensions advice to counteract the challenges surrounding the ageing workforce.To highlight the importance of the programme, which is provided by Secondsight, Oracle introduced a strategic email ...
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OpinionEffective financial education for those considering retirement
The most radical pensions overhaul in nearly a century has arrived. These changes offer employees in a defined contribution (DC) scheme who are aged 55 or over greater flexibility in how to access their pension. But without the right financial education, employees could be left incredibly vulnerable to making poor ...
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ArticleCarlsberg UK introduces financial education
EXCLUSIVE: Carlsberg UK has introduced a financial education and wellness programme for its 900 employees in an attempt to develop their overall wellbeing.The brewing firm already has an employee wellness programme in place, which includes health checks and assessments and health insurance. It has now added financial education to complete ...
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ArticleMore staff are seeking pensions advice from employers
Over a third (37%) of employers believe that the pension freedoms have encouraged them to play a greater role in financially educating their employees.The study from Close Brothers Asset Management, which surveyed 685 employers, also found that 33% of respondents have seen an increase in staff seeking advice on their ...
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ArticleABInBev introduces financial education
EXCLUSIVE: ABInBev, the world’s largest brewer, has introduced a financial wellness programme for its 1,000 UK employees.The organisation, which owns brands such as Stella Artois, Budweiser and Corona, will be launching the financial education programme at events at four ABInBev sites, including its UK headquarters in Luton.The events, which will ...
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Article26% of older workers do not want education on retirement issues
Around a quarter (26%) of respondents between the ages of 56-65 do not want any financial education on retirement and pensions issues, according to research by financial solutions organisation Partnership.The research, which surveyed 2,000 people over the age of 21, also found that 18% of 21-30 year olds did not ...
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ArticleBuyer's guide to financial education 2015
What is financial education?Workplace financial education involves employers, or a third-party provider, educating employees about financial benefits, such as pensions and share plans. It can also include individual savings accounts (Isas) and tax planning, and how to use these perks to optimise their financial wellbeing.Financial education can be delivered to ...
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AnalysisFinancial education plays important role in employee engagement
A financial education programme can be key to engaging employees; according to the Secondsight Whitepaper, published in October 2014, 73% of employees felt more positive about their employer when they received the benefit.A growing number of organisations are engaging with their staff by providing a workplace financial education programme. But ...
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AnalysisTop tips for engaging staff with financial education tools
If you read nothing else, read this…To engage staff with financial education tools, employers should highlight the importance of financial planning.Financial education can help predict an employee’s future financial needs.Financial education can improve employee wellbeing.However, 52% of employers do not provide financial education, according to a study of 1,013 workers ...
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ArticleAberdeen Asset Management improves financial education for its own staff
Aberdeen Asset Management is running a number of financial education seminars for its 2,000 employees. A number of different topics have been covered to appeal to all age ranges, from learning how to get on the housing ladder to how to make a pension last longer.In the seminars, provided by ...
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Article59% unaware of employer pension contributions
Some 59% of employees are unaware of how much their current employer contributes towards their pension, according to research from life insurance, pensions and asset management provider Aegon.The study, which surveyed approximately 3,000 adults, also found that two in five (41%) of respondents do not know how much they are ...