All Financial wellbeing articles – Page 117
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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 ...
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ArticleFitch launches financial education
EXCLUSIVE: Fitch has launched a personalised financial education programme for its UK employees. The retail and brand consultancy, which is part of the WPP Group, will add the programme to its reward package.Fitch is using Nudge Global’s Quantum technology, which uses HR and benefits data to profile employees and pre-empt ...
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ArticleRos Altmann appointed pensions minister
Ros Altmann has been appointed pensions minister under the new Conservative government. Altmann, who is a former director-general of Saga and an independent expert on later life issues, will be tasked with overseeing pensions policy, the state pension, automatic-enrolment, The Pensions Regulator, and a host of other responsibilities at the ...
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ArticleAge UK uses benefits to extend working lives
EXCLUSIVE: Age UK has launched a programme to help its employees extend their working lives, better prepare for retirement and boost their health and wellbeing in the workplace.The charity’s Extending working life and planning for retirement proposition is part of its 2015 strategy to offer a range of activities for ...
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Article
HSBC increases financial education provision
HSBC is increasing the financial education available to its 45,000 UK employees ahead of changes to its pensions schemes due to come into effect in July. The banking firm’s programme, KnowYou, which launched in 2013, aims to educate employees about its operational changes.Its strategy is to focus on education and ...
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ArticleMoog Controls boosts pensions engagement
Moog Controls has boosted pensions engagement by more than 150% through its bespoke financial education workshops.The manufacturer of precision motion controls organisation, which helped design the Wimbledon electric roof, focused its education on helping employees make more informed investment decisions.It ran four interactive pilot workshops, provided by Jelf Employee Benefits, ...
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ArticleFriends Life partners Foster Denovo on pensions advice
Friends Life and Foster Denovo have partnered to provide employees with advice relating to the pension freedoms which are due to come into effect on 6 April.Through the arrangement, employees who contact Friends Life about their new options with retirement savings will be referred to Foster Denovo if they request ...
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ArticleRoffey Park informs staff about pension freedoms
EXCLUSIVE: Roffey Park Institute has informed all 80 employees about the pension changes that came into effect on 6 April.The leadership institute educated staff about the pension freedoms via a verbal summary given by line managers and an internal email.The email, which was sent to staff on 2 April, offered ...
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Article
Workplace financial education grows by 121%
EXCLUSIVE: The proportion of respondents that offer, are in the process of introducing or are considering offering financial education in the workplace has risen by 121% in the past year, according to research by Nudge Global. Its Financial education the definitive guide 2015 report, which surveyd 252 HR and benefits ...