All Financial wellbeing articles – Page 123
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Article10% believe employers care about their financial wellbeing
Only 10% of employee respondents believe their employer is concerned about their financial wellbeing, according to research by Barclays Corporate and Employer Solutions (C&ES).Its Financial wellbeing: the last taboo in the workplace? research, which surveyed more than 2,100 UK employees and 100 employers, found that more than two-thirds (69%) of ...
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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 ...
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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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Article62% in favour of flexibility around pensions
Nearly two-thirds (62%) of UK workers believe giving people more choice and flexibility around how they take their retirement income is a good idea, according to research by Aviva.Its research, which surveyed 1,500 UK employees, found that 80% of respondents were aware of the retirement income changes announced by the ...
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ArticleUK annuities market could drop by 75%
The UK annuities market could decline by up to 75% after the government’s changes to compulsory annuity purchase come into effect from April 2015, according to research by PricewaterhouseCoopers (PWC).Its research, which questioned 1,208 respondents aged 50 to 75 who are looking to take their pension in the near future, ...
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Article77% believe in benefits of financial education
EXCLUSIVE: More than three-quarters (77%) of respondents believe financial education in the workplace is helping employees to achieve better financial outcomes, according to research by financial education provider Nudge Global.The financial education provider’s Employee financial education study 2014, which questioned more than 170 organisations that represent more than 850,000 employees, ...
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ArticleDOD’s blog: What employers are doing about the changes to pensions
Over the past few weeks, I have had several industry people ask me how employers are reacting to the announcements made in the Budget last month, in particular, in relation to the withdrawal since 27 March of the need for retiring staff to buy an annuity.There seems to be the ...
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ArticleAT&T and Kodak shortlisted for financial education
AT&T, Kodak and Live Nation are among the employers that have been shortlisted for the award ‘Best financial education strategy’ at the Employee Benefits Awards 2014.For this award, the judges were looking for employers that have taken a proactive approach to their workforce’s financial needs and have supported staff in ...
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OpinionRosemary Lemon: The benefits of benefits
With benefits, the clue is in the word and, what’s more, the advantage of having benefits should be mutual. Benefits should be something considered of value to both the employee and the employer.Too often, they are seen as ‘normal market practice’ at a certain grade and taken for granted. Or, ...
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AnalysisWho will be responsible for providing financial education?
The government announced that, from April 2015, it will guarantee free, impartial, face-to-face advice for all employees that retire in DC pension schemes.But there is much discussion in the industry about whether this responsibility will fall to employers, financial education and pension providers, or the government.Tim Perkins, a director at ...
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ArticleFujitsu launches flexible retirement
EXCLUSIVE: Fujitsu UK and Ireland has launched a flexible retirement policy.The new policy enab;es employees over the age of 55 to reduce their working hours in the two years prior to their chosen retirement date with only a partial reduction in pay.Paula Evans, head of pensions and benefits, UK and ...
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ArticleMost talked-about news on the website
Fujitsu UK and Ireland rolled out a flexible retirement policy in April, which enables employees over the age of 55 to reduce their working hours in the two years before their chosen retirement date with only a partial reduction in pay.“This is really innovative and also an intelligent approach to ...
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OpinionHugh Gittins: The legalities of financial education programmes
Firstly, the gradual demise of final salary pensions, at least in the private sector, and their replacement by defined contribution (DC) schemes, means that employees are having to pay more careful attention to how their pensions are invested now that they, rather than their employers, stand to gain or lose ...
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ArticleJust 13% think staff save enough for retirement
EXCLUSIVE: Just 13% of respondents believe their employees are saving sufficiently for retirement, according to research by Wealth at Work.Its Generating income in retirement 2013 report, which surveyed 104 employers, found that only 14% of respondents are aware of the various retirement income options.Nearly two-thirds (65%) of respondents believe their ...
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Article
DOD’s blog: Does your CSR strategy take into account staff needs?
A couple of weeks ago I went to a talk at the business forum Initiatives of Change UK on Business in the new world economy.While I found some of the ideas discussed pretty ‘out there’, there was was plenty to challenge the audience to think differently unless we want businesses ...
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ArticleLife Planning Association launched
A new national professional body has been launched to support employers and employees in life and retirement planning. The Life Planning Association has been formed because of the current challenging circumstances of an ageing population, changes in pension schemes, state benefit reforms and longer working lives.It will aim to influence ...
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AnalysisAt-retirement options glossary
AnnuityA type of insurance policy that employees can buy from an insurer, often their pension scheme provider, at retirement using their pension savings in return for an income for life.Enhanced annuityWorks in the same way as a standard annuity, but offers better income levels for employees in poor health, caused ...
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ArticleDC pension savings to become more flexible
In the Budget 2014, Chancellor George Osborne (pictured) announced greater flexibility in the way employees retiring with defined contribution (DC) pensions can take their savings.In the future, DC members will be able to take their pension wealth as a lump sum, drawdown, or an annuity.A range of changes came in ...
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ArticleDiscover why employers must support staff financial wellness at Employee Benefits Connect
Employers must offer the tools to help employees navigate their own financial wellness.Katie Nedl, global head of benefits at BlackRock, will speak at a session titled Understanding the effect of global financial benefits on work engagement at Employee Benefits Connect in New York on March 25, 2014.She said: “In a ...
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Case StudiesWithers ensures it offers staff engaging benefits package
The organisation reported a 7% decline in net profit, down from £24.2 million in 2011/12 to £22.5 million in 2012/13, based on revenue of £117.8 million. Profits per equity partner also fell, from £386,000 to £370,000, over the same period, according to its financial results for 2012/13, published in July ...