All Financial wellbeing articles – Page 112
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Supplier article
The EU Referendum and HR…
We are now just a calendar month away from the EU referendum. Whatever the outcome this is a seismic moment for the UK, its population, and of course employers also.We are of course strictly non-political, so we won’t be looking to influence our followers towards a decision either way. Yet ...
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OpinionLovewell's logic: Are employers and staff aligned on financial wellbeing?
Do your employees know how much you care? When it comes to financial wellbeing support, the answer could well be a resounding ‘no’.According to the results of two research reports published this week, there appears to be something of a disconnect between employers’ and employees’ views on the matter.First, a ...
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Article67% believe employers do not care about financial wellness
More than two-thirds (67%) of respondents believe that their employer does not care about their financial wellness, according to research by Neyber.Its DNA of financial wellbeing report, which surveyed 10,000 UK employees, also found that more than half (55%) of respondents feel that financial pressure affects their behaviour and ability ...
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Article63% view financial wellness as an employer’s responsibility
Almost two-thirds (63%) of respondents view employees’ financial wellness as an employer's responsibility, according to research by mobile employee engagement platform LifeWorks.Its survey of 400 US-based HR professionals also found that 37% of respondents feel that executive leaders within their organisation are addressing financial wellness.The research also found:88% of respondents ...
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Supplier article
WEALTH at work acquires the Affinity group of companies to meet growing demand
WEALTH at work – a leading provider of financial education in the workplace, supported by guidance and advice – has acquired the Affinity group of companies (The Farleigh Group Ltd), its third strategic acquisition following its purchase of Life Academy in 2015.Affinity (The Farleigh Group Ltd), founded in 2004, is ...
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ArticleWealth at Work acquires Affinity
Financial education provider Wealth at Work has acquired the Affinity group.Founded in 2004, Affinity (The Farleigh Group) is a Bristol-based national provider of financial education and advice, working with over 200 employers who mainly operate in the public sector for local authorities.With this third strategic acquisition, Wealth at Work aims ...
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ArticleEXCLUSIVE: 76% of Oxford BioMedica staff engage with pensions online after benefits revamp
EXCLUSIVE: More than three-quarters (76%) of Oxford BioMedica employees have registered to view their pension online following a revamp of its employee benefits programme.In September 2015, the gene and cell therapy organisation, which employs more than 180 staff, expanded its pension and financial education support offering with the introduction of ...
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ArticleBT, Oracle and University of Lincoln shortlisted for best financial education
BT (pictured), Henderson Global Investors, Oracle and the University of Lincoln are among the organisations shortlisted for the Best financial education strategy award at the Employee Benefits Awards 2016.This award, sponsored by Wealth at Work, celebrates the most effective use of financial education and workplace savings within an organisation.The full ...
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ArticleGovernment to legislate for increased master trust protections
The government is to introduce additional measures to protect members of master trust pension schemes through a new Pensions Bill.The Pensions Bill was unveiled in background briefing documents following the Queen’s Speech in the Houses of Parliament yesterday (18 May).Under the proposals, master trusts would be required to demonstrate that ...
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Article40% feel let down by lack of access to financial advice
Four in ten (40%) respondents feel let down if their employer fails to support them with access to advice on their pensions and future finances, according to research by online pension advice provider Wealth Wizards.Its survey of 1,000 UK employees also found that two-thirds (67%) of respondents believe it is ...
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AnalysisInfographic: The worries facing UK employees
An infographic looking at the worries facing UK employees (Source: Mercer research, published in November 2015).Read more in How to engage staff with financial wellbeing.
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Case StudiesPolice Mutual engages staff with loan offering
Police Mutual, an organisation that offers financial services to police and military employees and their families, gives its 500 employees access to competitive loans through Neyber, a service where monthly repayments are deducted straight from their pay packet.Since introducing the scheme at the beginning of 2015, around 5% of the ...
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AnalysisHow to engage staff with financial wellbeing
Need to know:Employers are increasingly keen to offer holistic financial education, including around employees’ personal finances.New providers are offering ways employers can offer help with an employee’s personal finances while staying at arm’s length.Like financial education around pensions and benefits, education around personal financial wellbeing can benefit from audience segmentation ...
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Article38% likely to consider including lifetime Isa in remuneration package
More than a third (38%) of respondents are likely to consider introducing the new lifetime individual savings account (Isa) into their employee remuneration scheme in the future, according to research by law firm Sackers.The survey of 78 employers, trustees and advisors also found that 84% of respondents want to offer ...
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Case StudiesJohn Lewis Partnership works to ensure benefits add value
For the John Lewis Partnership, employee benefits are one of a number of elements that have helped to establish its reputation as a great place to work. The organisation encompasses John Lewis and Waitrose, and all of its 90,000 members of staff are partners in the business.Rachael Abbott, benefits development ...
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Supplier article
Are we all Millennials now?
The Millennial generation, or Generation Y, consists of those people born between the early 1980s and the early 2000s.There are many negative stereotypes about this generation: that they are self-absorbed, greedy1 and disloyal2 amongst others. There are also positive stereotypes, but whatever you choose to believe about Millennials the fact ...
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AnalysisInfographic: The content employers would like to include in financial education programmes
An infographic looking at the content employers would like to include in financial education programmes (Source: Nudge Global's Financial education: the definitive guide 2016 research, published in March 2016).Read more in What do employers need to know about financial education?
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Case StudiesCoventry University supports employees’ financial wellbeing with education programmes
Coventry University refreshed its financial education programme to help support employees with their financial understanding and also promote awareness of the organisation’s total reward package.In June 2015, the university introduced pilot financial education workshops in response to a number of factors: employees were taking more interest in their own financial ...
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AnalysisWhat do employers need to know about financial education?
Need to know:More employers are recognising the importance of supporting employees’ financial wellbeing in the workplace with education programmes.Financial education programmes should cover a broad range of financial topics.Determining the issues that are important among staff can be a sensitive task, so it can be more effective to let employees ...
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Supplier article
Budget 2016 provides employees with a helping hand towards the cost of advice
From April 2017, the tax and national insurance relief for employer-arranged pension advice will increase from £150 to £500.Jonathan Watts-Lay, Director, WEALTH at work – a leading provider of financial education in the workplace supported by guidance and advice comments: “We welcome any incentive which gives more employees access to ...