All Financial wellbeing articles – Page 118
-
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% ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...