All Financial wellbeing articles – Page 124
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Article
IBM launches online pension reports
EXCLUSIVE: IBM has launched an online version of its pensions reports for employees.Between 2 October and 2 November 2013, the new reports received 650% more views than all the views for the previous 12 months.More than half (15,900) of the technology organisation’s 26,000 pension members now access the information electronically.The ...
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Aspire to Retire launches pre-retirement portal
Aspire to Retire has launched an online retirement portal, iAspire, to provide information and tools for pension scheme members.The portal is designed for employees to begin planning for retirement up to five years before their intended retirement date.It aims to educate pension scheme members and engage employees earlier to help ...
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AnalysisHow much do staff need to contribute for a comfortable retirement?
If you read nothing else, read this…The minimum 8% contribution required under auto-enrolment legislation will provide employees with a decent income in retirement if they start saving at age 22.Employees should aim to contribute a percentage of salary equivalent to half their age when they begin contributing, or aim for ...
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ArticleYoung employees lack opportunities to save
Two-thirds of young employees, who are ready to save for retirement, lack the opportunities to do so, according to research by Aegon UK.Its Changing face of retirement: the young, pragmatic and penniless generation survey, which had 10,800 global respondents, including 2,722 employees between the ages of 20 and 29, found ...
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Article
Friends Life simplifies death-in-service claims process
Friends Life has simplified its death in service claims process by removing the need for claimants to show an original death certificate.The service, which provides financial support if an employee dies, will now verify the death in service instantly through the government records office.The online tool allows claims to be ...
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Scisys boosts employee pensions engagement
EXCLUSIVE: Scisys Group has seen 85% of its staff register to manage their pension scheme online and 47% opt to select their own investments following the launch of its workplace savings platform.The IT services developer has also seen 30% of employees increase their pension contributions and 35% log-in to view ...
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Article
Retirement plans pushed back four years
Those approaching retirement are pushing back their retirement plans by an average of four years, according to research by pensions and investment provider NFU Mutual.Its research, which surveyed more than 2,000 UK adults, found that one in 10 respondents who are past the age of 55 and still working said ...
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McCarthy and Stone raises pensions take up by 45%
EXCLUSIVE: McCarthy and Stone has increased take up in its pension scheme by 45% since it launched a workplace savings platform three years ago.The platform, provided by Hargreaves Lansdown, includes access to a self-invested personal pension, independent savings account and investment account.Since the retirement homes developer launched the platform in ...
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Article
41% have not discussed retirement plans with partners
More than two-thirds (41%) of respondents have never discussed how they will turn their pension savings into income in retirement, according to research by Prudential.Its research, which surveyed 1,996 adults over the age of 40 who currently live with their spouse or partner, found that 19% have discussed this but ...
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Article
A third of 30-somethings not saving for retirement
Almost a third (31%) of respondents in their 30s are not saving anything at all for retirement, according to research by Friends Life.Its GenXpectations research, which surveyed 2,000 individuals, found that more than half (51%) of respondents over the age of 40 said they wish they had saved more for ...
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Article
New financial education provider to launch
A new financial education software provider is to launch in the UK in November.The launch of Nudge is in response to unhealthy finances and money-related stress in the workplace.It aims to improve the lifestyle of individuals by changing their financial decisions via its online software Quantum, which has been developed ...
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Article
Hertfordshire Council switches staff workshop provider
EXCLUSIVE: Hertfordshire County Council has switched providers of the financial awareness workshops it offers its 33,000 employees.Its new advisor, Affinity Financial Awareness, will provide fortnightly workshops, which will alternate between the council’s main offices across the country.The free financial planning and pre-retirement workshops are available to all employees, who are ...
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Debbie Lovewell: Pensions reports highlight challenges
Several pensions reports published this week brought some frankly concerning issues firmly back into the spotlight.Firstly, Scottish Widows’ 2013 Women in Pensions report found that just 40% of women are adequately prepared for retirement, while more than a third (39%) have made no pension provision at all. In addition, the ...
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Article
Pensions could play role in cost of long-term care
Pension schemes could play a key part in meeting the costs of long-term care in retirement in the UK, according to a report by Squire Sanders.The law firm’s white paper, In sickness and in health: reforming pensions and social care, addressed the funding challenges represented by an ageing population.It recommended ...
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Article
Savers more confident, calm and optimistic
Almost half (47%) of respondents who take control and check their finances every month feel confident about their financial future, according to research by Standard Life, conducted by neuroscience research agency Mindlab and appraised by cognitive neuroscientist Dr Lynda Shaw.The Saving in mind report used both electroencephalography (EEG) techniques within ...
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B&Q to launch financial education plan
EXCLUSIVE: B&Q is to launch a financial education programme for employees in November.The DIY retailer’s parent company, Kingfisher, will roll out the programme as a result of auto-enrolment, which has increased participation in its money purchase pension scheme to 17,000 employees, nearly 93% of the workforce.B&Q’s financial education programme, branded ...
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Article
Employers recognise flexible benefits can boost productivity
Financial and HR directors in UK organisations recognise that an appropriate mix of flexible benefits, which include flexible working arrangements, wellbeing initiatives and long-term financial protection, can boost productivity and wellbeing as well as retain employees, according to research by Unum, the financial protection insurance firm.The survey, which had 1,150 ...
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Article
Barclays launches new benefits website
Barclays Corporate and Employer Solutions (C&ES) has launched a website dedicated to its workplace savings and financial education product. Barclays Beyond Benefits, which was launched in September, brings together consultancy services, traditional employee benefits, share plans, pensions, financial education and banking services in a single online portal.The website includes:A financial ...
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Article
Aspire to Retire launches pre-retirement service
Aspire to Retire has launched a pre-retirement service that enables employers to provide employees with access to pre-retirement guidance and advice.Your path to a better retirement aims to educate pension scheme members on their retirement options and engage employees earlier in their approach to retirement.The service includes:A retirement pack containing ...
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Jelf promotes Chris Ford and Alan Millward
Jelf Employee Benefits has promoted two directors.Chris Ford (pictured) has been promoted to director of group risk and individual protection. He was previously director of group risk.In his new role, Ford will also be responsible for individual protection services for both the corporate and individual markets.Alan Millward has been promoted ...