All Financial wellbeing articles – Page 125
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Case Studies
Case study: Lilly keen to educate staff
Auto-enrolment has motivated Lilly UK to improve its employee financial education programme in the last two years.Julie Osman, director of pensions and benefits at the firm, says: “We wanted people to make informedchoices about the benefits they had, to be able to maximise them and be a little more informed ...
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Analysis
Svitzer gets all pension stakeholders on board
Towage giant Svitzer UK got all stakeholders on board to navigate a new course for its pensions, says Padraig FloydIn 2009, David Noakes faced a difficult decision. As company secretary and pensions manager at maritime towage company Svitzer UK, he had to decide how to take its myriad pension schemes ...
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Analysis
Workplace Savings Industry Forum: Get the value message across
A financial education programme may hold the key to maximising workplace savings opportunities, says Jonathan Watts-LayIn these challenging economic times, with the introduction of new regulations, employers and employees are often overwhelmed. Whether the introduction of auto-enrolment, removal of the default retirement age or options at retirement, the considerations are ...
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Opinion
Martin Palmer: Buzzing about corporate platforms
This industry forum is supplied by Friends LifeCorporate platforms help employers stand out from the crowd and give employees greater control over how they save, says Martin PalmerCorporate platforms have been a buzzword in workplace savings for a while now. What is so good about them is they give employees ...
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Analysis
Employee Benefits Workplace Savings Quarterly – April 2012
Download a PDF of the first half of the Employee Benefits Workplace Savings QuarterlyDownload a PDF of the second half of the Employee Benefits Workplace Savings QuarterlyRead articles:NewsViewpoint: Keith Tondeur of Credit ActionViewpoint: Padraig Floyd of Workplace Savings QuarterlyViewpoint: Holly Mackay of The PlatforumCover story: Joint effort required on savingsPensions: ...
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Analysis
Financial Education: The employer's role in financial education
If you read nothing else, read this... A combination of information, education and advice can be the most effective way to improve employees' financial awareness. Although most employees can benefit from financial education, only a small percentage will require additional financial advice.Organisational activities and events such as changing the pension ...
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Case Studies
EB Summit: CSC grounds corporate wrap in financial education
CSC focused on financial education as the basis for its corporate wrap when it was launched two years ago.Speaking in a panel debate entitled ‘Holistic approaches to workplace saving – new era or false dawn?’ at the Employee Benefits Pensions and Workplace Savings Summit 2012 on 9 March, Jenny Davidson, ...
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Opinion
Financial Education: Sponsor's comment: Education holds the key to realising full value of savings
Employees need to be made aware of all their financial options in preparing for retirement, says Jonathan Watts-Lay, director of Wealth at WorkIn these challenging economic times, with the introduction of many new regulations such as pensions auto-enrolment, the removal of the default retirement age and enhanced options at retirement, ...
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Case Studies
Case study: E.On empowers staff through financial education
Energy firm E.On has used the government-backed Money Advice Service (MAS) (see interview with Stuart Bailey of MAS) to provide various types of financial education for its workforce for around four years.Ant Donaldson, senior specialist employee benefits UK, says: “I think it is a great resource. It is very low ...
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Analysis
Financial Education: What employers need to consider in terms of brand
If you read nothing else, read this... Employer branding on financial education programmes helps to secure the trust and engagement of staff, which is vital when making changes to key financial benefits. Financial education is a partnership, and co-branding a programme to identify its origin from the employer and independence ...
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Article
Employee Benefits financial education supplement
Download a PDF of the Employee Benefits financial education supplement 2012†Sponsor’s comment: Jonathan Watts-Lay of Wealth at WorkInterview: Stuart Bailey of the Money Advice ServiceBack-to-basics guide on financial educationThe employer’s role in financial educationWhat employers need to consider in terms of corporate branding
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Analysis
Financial Education: Back-to-basics guide to financial education
If you read nothing else, read this . . . Financial worries can reduce an employee's effectiveness at work. Employers need to be aware that different methods of communication suit different types of employee. Workplace financial education works best when it is focused on a particular event or financial concern. ...
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Opinion
Financial Education: Interview with Stuart Bailey of the Money Advice Service
The Money Advice Service at a glanceThe Money Advice Service (MAS) began life as part of the Financial Services Authority’s (FSA’s) financial capability division. In April 2010, it was rebranded as the Consumer Financial Education Body, before becoming the MAS in April 2011. It is independent and gives free, unbiased ...
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ArticleWhite paper — maintaining employee engagement in auto-enrolment
A successful workplace pension proposition should be built on the three pillars of auto-enrolment fuctionality, communications and investment strategy.To download the white paper, click on the link above right under Related Files.White paper supplied by Standard Life.
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Article
EXCLUSIVE: Oracle aims to expand financial planning service
Oracle plans to extend its financial planning service for employees so it eventually covers up to 20% of its workforce.The service, currently directed at senior staff and provided by Citimark, enables employees to manage their pension in the context of their life goals and their net worth. Factors taken into ...
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Article
Money Advice Service launches financial education campaign
The Money Advice Service (MAS) has introduced a financial education campaign called Fresh Start, which promotes spring as the ideal time for employers and employees to focus on money and financial issues.The MAS has emailed the 1,300 employers it works with to flag up its range of online resources.These include ...
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Article
Paradigm Group to launch corporate wrap business
Paradigm Group is to launch a standalone corporate wrap business.The independently-run business will join the consultancy group’s other businesses: Paradigm Partners, Paradigm Pensions and Paradigm Mortgages.Its corporate wrap product will include a group personal pension (GPP) plan, alongside a workplace independent savings account (Isa) and other savings vehicles.The product can ...
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Article
EXCLUSIVE: Trowers and Hamlins introduces financial education workshops
Law firm Trowers and Hamlins is introducing a series of financial education workshops called ‘Making the most of your money’ as part of a three-tiered approach to ensure its 500 employees are looking after their finances.The first step was a series of presentations in October by Friends Life around the ...
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Article
EXCLUSIVE: Marks & Spencer offers financial education for sharesave maturity
Marks and Spencer (M&S) will offer financial education ahead of two of its sharesave schemes maturing on 1 January 2012, with markedly different results.Its three-year sharesave scheme will see 12,000 staff share a pot of £60 million. Ann Govier, manager of senior remuneration and employee share schemes at M&S, said: ...
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Article
Institute of Financial Planning research: One third of employees not contributing into a pension scheme
A third (31%) of UK employees are not currently contributing to a pension scheme, while 14% have never made any pension contributions, according to research by the Institute of Financial Planning (IFP) in association with National Savings and Investments (NS&I).The Financial planning survey, which coincides with UK Financial Planning Week ...