All Financial wellbeing articles – Page 115
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Supplier article
Blue Monday: the gloomiest day of the year
We are well into the New Year now and you and your employees may have been feeling enthused and confident about the year ahead. However, on Monday 18 January you may have been feeling a little low, because that day is known as Blue Monday: the gloomiest day of the ...
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OpinionDr Penny Simpson: Consider key elements for effective gamification design
Gamification is ‘the use of game design elements in non-game contexts’ (From game design elements to gamefulness: defining gamification, Deterding et al., 2011). By drawing upon game design elements, mechanics and techniques, organisations hope to engender, in work, the type of experience that we find motivating, engaging and fun when ...
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AnalysisHow could gamification be used to support a financial education strategy?
Need to know:Gamification provides an additional channel through which staff can learn about financial matters.Introducing gamification into a financial education programme could help to increase employee engagement with financial wellness, particularly among younger staff.Embracing digital game elements that can be accessed on a number of devices can tap into the ...
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AnalysisInfographic: The reach of gaming across age groups
An infographic outlining gaming habits across age groups (Source: ISFE/Ipsos Connect’s GameTrack Digest: Quarter 2 2015, published in September 2015).Read more about how employers can use gamification to support a financial education strategy.
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Opinion
3 Sponsor's comment - Switch on to financial wellbeing
Many employees struggle to understand various financial issues that may relate to them and often fail to understand the many benefits on offer in the workplace. I believe employers can help to improve an employee’s financial wellbeing by providing them with the knowledge needed to make informed financial decisions, so ...
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Article
13, Close Brothers industry insight: The importance of selecting the best-fit financial education
Summary box:Initiatives including auto-enrolment, changes to the state pension and the most recent pension freedoms have driven an increase in demand for financial education.But not all financial education solutions are equal and some may not engage with all staff within an organisation and so may not drive the best return ...
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Article81% want employers to help with financial education
More than eight in ten (81%) respondents would like personal finance help from their employer, according to research by the Open University Business School (OUBS) and Share Radio.The survey of 3,040 employees also found that 64% of respondents have never received financial education.The research also found:A third (33%) of respondents ...
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Article11% believe staff save enough for retirement
Just over one in 10 (11%) respondents believe their employees are saving enough for retirement, according to research by Wealth at Work.Its study, which surveyed 94 employers, also found that 40% of respondents do not offer their workforce financial education around the options available to them under the pension freedoms, ...
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Article66% expect to work past 65
Two-thirds (66%) of employees expect to have to work over the age of 65, according to a study by Portus Consulting.Its research, which is based on 1,080 responses from employees and 43 from recruitment consultants, also found that just over one in ten (11%) of employee respondents anticipate they will ...
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ArticleEXCLUSIVE RESEARCH: 26% do not provide any pensions support to staff
Just over a quarter (26%) of respondents do not provide employees with any information, advice or guidance about pensions, according to research by The National Skills Academy for Financial Services (NSAFS) in partnership with Axa Investment Managers (Axa IM).However, the survey of 100 employers also found that 73% of respondents ...
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Supplier article
Autumn Statement 2015: what you need to know
The Autumn Statement was a late addition to the main announcement scheduled for 25 November; the outcome of the latest five year spending review covering £4,000bn of government expenditure. Although the planned reforms received little attention when announced back in July, they represented just over half of the £9.075bn additional ...
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Supplier article
Help your employees get happy
Insurer SunLife’s Cash Happy report, a study focusing on the UK’s spending and saving habits, has found that budgeting really can make you happier!What’s the issue?Apparently, Britons check their bank balance very regularly – 23% do it every day; but is that because we’re good at budgeting or because we’re ...
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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 ...