All Financial wellbeing articles – Page 121
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Article39% do not have financial plan for retirement
More than a third (39%) of respondents do not have a financial plan for retirement, according to research by Aegon UK.Its Retirement readiness survey, which questioned 16,000 employees in 15 different countries, found that 12% of respondents have a written financial plan for retirement.Less than a third (29%) of UK ...
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Case StudiesBlackRock focuses on staff financial wellbeing
This included group income protection, life assurance and accidental death cover, available to all staff as core benefits up to a certain level. Employees can choose to flex their life cover up to a higher level or to include their partner’s life through the flexible benefits scheme. Critical illness insurance ...
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AnalysisJonathan Watts-Lay: A new compulsion
The Budget changed the face of retirement options for members of defined contribution (DC) pension schemes, with perhaps the most radical pension proposals of our lifetime.The changes have far-reaching consequences for employers, employees and pension trustees alike and introduce a level of flexibility and choice in a way that DC ...
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ArticleDOD’s blog: New world order for working policies
For some months I have been using the term ‘age management’ to describe a new discipline creeping into human resources strategies.Now that staff can work for as long as they want to (or have to), HR professionals are taking stock of their workforce planning strategies, their wellbeing initiatives and how ...
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ArticleDAC Beachcroft launches financial education
DAC Beachcroft has launched a financial education programme for its 2,000 UK employees.The law firm introduced the programme to provide a more consistent and continual approach to promoting its benefits package, which includes a flexible benefits scheme with an annual enrolment window.Sarah Young, head of HR at DAC Beachcroft, said: ...
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Article
Live Nation awarded for financial education strategy
Live Nation Entertainment won the award for Best financial education strategy at the Employee Benefits Awards 2014.Read why the organisation was judged to be the best in this category.The Employee Benefits Awards 2014 were held on 27 June 2014 at the Artillery Garden at the HAC London.
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Article49% are satisfied with their benefits package
Nearly half (49%) of employee respondents are satisfied with their benefits packages, according to research by Thomsons Online Benefits.The role of benefits in retaining and protecting your best talent report, which surveyed more than 450 organisations representing more than 1.2 million employees, found that 29% of employee respondents felt they ...
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Article33% expect employers will fund workplace financial guidance
A third (33%) of respondents expect that employers will have to fund financial guidance for their entire workforce following the pension reforms announced in the Budget 2014, according to research by Jelf Employee Benefits.Its research, which surveyed more than 200 employers, found that just over a quarter (28%) of respondents ...
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ArticleOnly 26% of UK respondents confident about DC pension savings
Around a quarter (26%) of UK respondents feel confident that they will have enough saved through their employer’s defined contribution (DC) pension scheme to afford the lifestyle they want in retirement, according to research by State Street Global Investors (SSGA).Its research surveyed more than 2,000 respondents aged between 22 and ...
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ArticleBuyer's guide to financial education 2014
A well-designed financial education programme can help staff improve their financial literacy and understand how such changes might affect their own financial situation, as well as generally learn how to make their pay go further.Money worries have been a major cause of stress and anxiety for staff throughout the recession, ...
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ArticleEmployers must help manage employees' retirement expectations
For example, more than half (53%) of the respondents to Aon Hewitt’s Global benefits attitudes survey admitted they needed to save more for their retirement, while 90% of UK employees who responded to the Aegon UK Readiness report said they are falling short of their retirement targets.Meanwhile, more than a ...
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OpinionLynda Shaw: Employers should understand employees' responses to financial stress
If you read nothing else, read this…It is very easy for employees to get into debt.Debt can increase stress hormones, such as noradrenaline and cortisol, and adversely affect ’feelgood’ neurotransmitters.Employers should offer all staff access to financial education.Most employees think they are doing well if they are in the black, ...
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ArticleFinancial stress impacts work productivity
Nearly a quarter (22%) of employee respondents said the stress of their current financial situation impacts negatively on their work productivity, according to research by Sodexo Benefits and Rewards Services.Its Financial stress is impacting productivity for nearly a quarter of UK employees survey, which questioned 398 employers and 760 UK ...
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ArticleABI and NAPF call for guidance guarantee details
The Association of British Insurers (ABI) and the National Association of Pension Funds (NAPF) have written to the government urging it to make some quick decisions to ensure its financial guidance guarantee, part of the pension reforms announced in this year’s Budget, can be delivered in time to meet the ...
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Article63% believe pre-retirement information needs improvement
Almost two-thirds (63%) of respondents believe that pre-retirement information needs improvement and should be an urgent priority for the next six months, according to research by Equiniti.Its research, which surveyed 40 annuity providers and pensions experts, found that a further 26% believe it needs to be improved within a year.Nearly ...
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Article47% believe employer should play role in retirement planning
Nearly half (47%) of employees believe their employer should play a role in helping them to prepare for retirement, according to research by Barclays Corporate and Employer Solutions (C&ES).Its Steps towards a living pension report, which surveyed 2,000 employees who are paying into a defined contribution (DC) pension scheme, found ...
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Article41% do not understand retirement saving following Budget changes
More than a third (41%) of respondents admitted not understand retirement saving following the pension changes announced in the 2014 Budget, according to research by Ros Altmann (pictured) and sponsored by MetLife.The Flexibility in retirement – planning for change report, which conducted two separate surveys, among 2,531 working adults in ...
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Article33% would not value retirement advice
A third (33%) of respondents aged 55 or over who have not yet retired would not value financial advice when they retire, according to research by MGM Advantage.Its research, which surveyed more than 2,000 UK adults aged 55 or over, found that 38% of respondents have never sought advice about ...
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ArticleImagination staff increase pension contributions
EXCLUSIVE: Imagination has seen almost a quarter (23%) of its pension members increase their contributions after the launch of a workplace savings platform.The platform is provided by Hargreaves Lansdown and offers staff access to a group self-invested pension plan (Sipp), a cash individual savings account (Isa), a stocks and shares ...
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Article16% view retirement saving as top priority
Just 16% of respondents said saving for retirement was a top financial priority, according to research by Capita Employee Benefits.Its second Annual employee insight report, which is based on interviews with more than 3,000 UK employees, found that 52% of respondents would be willing to save into a pension if ...