All Financial wellbeing articles – Page 125
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Article
Jelf Employee Benefits acquires stake in Laterlife
Jelf Employee Benefits has acquired a controlling stake in Laterlife, to extend its offerings for employees approaching, at or going through retirement.Laterlife, which specialises in retirement planning workshops, offers a range of support in areas such as addressing retirement hopes and concerns, developing new interests and managing time.The partnership allows ...
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Article
71% will have to supplement retirement funds
Almost three-quarters (71%) of respondents believe they will need to supplement their income in retirement, according to research by financial services provider Partnership.Its research, which surveyed 2,000 people between the ages of 45 and 65, found that, while 33% of respondents aged between 50 and 65 had put aside savings ...
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Article
45-to-54 year olds need to rethink pension saving
Pension savers aged between 45 and 54 need to rethink plans for funding their retirement, according to research by investment services organisation BlackRock.Its Investor pulse survey, which questioned 2,000 Britons between the ages of 25 and 74, found that the 45-to-54 age group was the most financially squeezed, with nearly ...
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Article
Employers need to target different generations with financial education
According to the report Talking about my generation: exploring the benefits engagement challenge, published in September by Barclays Corporate and Employer Solutions (C&ES) and Dr Paul Redmond, director of employability and educational opportunities at Liverpool University, 53% of Baby Boomers prioritise saving for retirement, while 41% of Generation X are ...
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Article
Tim Wells: How can employers offer benefits to suit all generations?
Supporting numerous generations of employees in the workforce (primarily Traditionalists, Baby Boomers, Generation X and Generation Y) is currently a major challenge for HR professionals globally. One size does not fit all.This becomes particularly evident when offering benefits packages because each generation has different needs and priorities. Organisations looking to ...
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Article
Dr Paul Redmond: How can employers offer benefits to suit all generations?
For the first time in industrial history, five generations are rubbing shoulders with each another in the workplace. They share the same work cubicles, chat together over the same water coolers, and mingle with each other in training seminars and awaydays.But don’t let this apparent multi-generational melting pot fool you. ...
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ArticleNew pension savers will save less
The amount that the average employee is willing to contribute towards their retirement savings through a pension scheme has dropped by almost a quarter (24%) in the last year, according to research by Scottish Widows.The 2013 Scottish Widows Workplace pensions report, which surveyed more than 5,000 employees, found that, among ...
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Article
Withers launches financial education scheme
Exclusive: Withers has launched a monthly financial education scheme for its employees.The first With… your future in mind session was held on 5 September 2013, covering eligible employees’ Friends Life group personal pension (GPP) scheme.More than 100 of the law firm’s workers attended the session.The next presentation will cover the ...
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Article
Benefits do not suit multi-generations
The majority (85%) of respondents do not feel their current benefits package offers the flexibility required to suit their needs, according to research by Barclays Corporate and Employer Solutions (C&ES).The Talking about my generation: exploring the benefits engagement challenge report, which surveyed 1,200 UK employees, was commissioned by Barclays C&ES ...
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Article
Barclays launches workplace savings product
EXCLUSIVE: Barclays Corporate and Employer Solutions (C&ES) is to launch a workplace savings and financial education product that focuses on the needs of the different generations of employees.Barclays Beyond Benefits brings together consultancy services, traditional employee benefits, share plans, pensions, financial education and banking services in a single online portal.It ...
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ArticleRetirement unlikely for 12% of global workers
Nearly one in eight (12%) of respondents think they will never be able to afford to retire fully, according to research by HSBC.The future of retirement report, which surveyed 16,000 people in 15 countries, found that this figure is higher in some countries.In the UK, 19% of respondents expected they ...
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Analysis
Quirky schemes to help employees save
If you read nothing else, read this…Employers are creating more innovative savings schemes for staff.Existing funds help employees to save for their first home, holidays and school fees.Successful take-up relies on a robust financial education programme.Life has never been more challenging for Generation Y. UK unemployment may have fallen by ...
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Article
Focus on retirement education for staff
The vast majority (91%) of respondents to the Money Advice Service’s (MAS) The financial capability of the UK report, published in August, believe it is best for individuals to start saving into a pension in their 20s. However, only 28% of respondents currently do so.Close Brothers’ inaugural Trends in wealth ...
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AnalysisHow to measure the impact of financial education programmes
If you read nothing else, read this:Ongoing development modules can help employers track the effectiveness of a financial education programme.Financial education can help to combat staff absenteeism and boost productivity.An employer must support a financial education programme to ensure its success.In its Rethink Retirement survey, published in December 2012, financial ...
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Opinion
Pádraig Floyd: The impact of financial education
After all, most people are interested in money. We all need it to survive, we like a little extra for creature comforts, and some of us are positively motivated by it. Yet no one teaches us how to go about acquiring it, and especially holding on to it.The trouble is, ...
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Article
DebbieLovewell: Early pension saving is vital
This was closely followed, fairly sensibly I thought, with saving for a property deposit. Pensions and the need to save for retirement didn’t even cross my mind.Maybe if I’d been faced with some of the cold, hard figures spelling out what a difference beginning to save early could make, it ...
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Case Studies
Novae Group boosts staff engagement
In 2011, the organisation changed from a trust-based pension to a group personal pension and arranged for all members of the scheme to have one-to-one financial education meetings.John Renz, director of HR, says: “First of all, we wanted to explain the nature of those changes, but also essentially to put ...
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Opinion
Stephen Bevan: Under-pressure staff need employers’ support
With real wages almost stagnant during the downturn and with inflation, job loss and job insecurity eating into disposable income and financial stability, the time to step up employer support for financially strapped employees is long overdue.We see in our research the serious effects of money worries on employee attendance, ...
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AnalysisWorkplace savings report – September 2013
It includes the following articles:Padraig Floyd: The impact of financial educationHow to measure the impact of financial education programmesQuirky schemes to help employees saveFinmeccanica offers staff award-winning pension investment choicesHow popular are pension scheme guarantees?Read more articles around workplace savings
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Article
One in seven do not plan to retire
One in seven (14%) respondents do not plan to retire, according to research by Baring Asset Management. This is 12% up on the proportion of respondents that said the same in 2012 and the 10% in 2011, according to Barings’ annual research, which surveyed 1,581 non-retired UK adults. The research ...