All Financial wellbeing articles – Page 126
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Aviva conjures up financial awareness campaign for young people
Aviva is running a social media campaign using magic to raise awareness among young employees about the importance of retirement savings.In a series of short film clips, magician Pete Hathaway uses magic tricks with money to encourage young people to save for the future.The films, available on social media sites ...
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Aviva research: 84% of younger workers would like financial help from employers
The majority (84%) of younger workers (25 to 35 year olds) would like financial help from their employers in order to plan for their future, according to research by Aviva.The research found that many employees in the 'foundation generation', so called because they are laying the groundwork for their finances, ...
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NAPF conference: CSC to enhance employee savings platform
IT company Computer Sciences Corporation (CSC) will be enhancing its employee savings platform over the coming months.Speaking at the National Association of Pension Funds (NAPF) conference on 20 October, Jenny Davidson, director of compensation and benefits for Europe, Middle East and Africa (EMEA), at CSC said the firm will be ...
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EXCLUSIVE: Kantar Worldpanel gives employees budget tips
Market research firm Kantar Worldpanel has held financial education sessions as part of its efforts to improve employees' wellbeing.The hour-long sessions showed staff how they could save money on mortgages, power bills, banking, and car and house insurance. They were also given information about Kantar's group personal pension scheme.The firm ...
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Goddard Perry Consulting launches financial education service
Goddard Perry Consulting (GPC) has launched a financial education service called the Retirement Counsellor.Designed to assist employers and trustees with pension scheme communications, it will enable staff to consider which option at retirement is best for them.The service includes a bespoke pre-retirement report outlining all the choices, access to online ...
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Close Asset Management acquires Cavanagh Group
Close Asset Management has expanded its financial education services with the acquisition of Cavanagh Group.Cavanagh Corporate, the firm's employee benefits division, and Close Asset Management's financial education division, will now offer employers benefits reviews, communication, implementation, education and delivery.Jeanette Makings, director of financial education services at Close Asset Management, said: ...
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University of Lincoln introduces financial education sessions for staff
The University of Lincoln is to offer financial education sessions for staff to help them understand and plan for the government's changes to public sector pensions.The university plans to host the sessions, which will teach staff how to manage their finances and retirement savings by making the most of existing ...
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Wealth at Work research: Employers to offer support during retirement changes
The majority (85%) of employers will provide some sort of employer-sponsored support using a combination of communications, financial education and/or advice for staff in response to forthcoming legislative changes, according to the Rethink retirement survey 2011 by Wealth at Work.The removal of the default retirement age (DRA), which will be ...
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MetLife research: Employees fail to plan for financial security
Employees are failing to act on fears for financial security by planning for retirement, according to new research by MetLife.Despite the global financial crisis, the MetLife 2011 International Employee Benefits Trends Survey found that many employees across Australia, Brazil, India, the UK and Mexico, under-save, lack retirement planning and irregular ...
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Buyer's guide to financial education
Focus on factsWhat is financial education?The aim of financial education is to teach staff money skills. As well as a thorough grounding in employee benefits, such as how pensions and share plans work, workers are taught how to handle other finances, from tax planning to individual savings accounts (Isas). At ...
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Close Asset Management research: Most employers with a low take up of benefits do not offer financial education
Many employers (92%) that suffer from a low take up of benefits do not offer financial education to staff, according to research by Close Asset ManagementThe research, conducted among 2,000 employers in the UK, found that 83% of organisations that suffer from low uptake have not looked at how to ...
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Close Asset Management research: Employers unaware of RDR
Just a third of employers are aware of the implications of the Retail Distribution Review (RDR) and the planned regulatory changes in response to that, according to research by financial education provider Close Asset Management.Although these changes could impact on their benefits packages and benefits providers, 69% of employers said ...
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MIB Group introduces a stakeholder pension scheme and offers financial advice
MIB Group is to introduce a new stakeholder pension scheme along with independent financial advice for all 87 employees.The new scheme will replace the construction company’s existing stakeholder pension, which had not been taken up by any staff.The company decided a plan with a fixed-fee arrangement would be in the ...
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Wealth at Work research: Only 23% of employers think staff are aware of retirement options
Only 23% of employers believe their employees are aware of the various retirement income options that are available, according to research conducted by Wealth at Work. The Rethink Retirement Survey 2011 also showed that 60% of respondents also believe there will be an increased requirement for specialist retirement advice. Jonathan ...
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Employee Benefits Awards 2011: Most effective use of financial education in the workplace
WINNERE.On, Making the Most of your MoneyThe judges loved the way this entrant focused on two key issues within the organisation and encouraged employees to engage with these.E.On’s two main objectives for its financial education strategy were to help employees find support to deal with debt issues and encourage as ...
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University of Lincoln introduces website for staff to plan retirement
The University of Lincoln has introduced a website to help staff with retirement planning.The site, launched with provider Retirement Education Services in response to the removal of the default retirement age, forms part of the university’s retirement benefits package, which also includes fitness classes at the campus sports centre, pension ...
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Scottish Widows research: More staff seek pension help
The number of people turning to their employer for guidance on their pension is at its highest level in five years at 19%, according to the Scottish Widows UK Pensions Report 2011.The report, which surveyed more than 5,000 people, found the number who turn to friends and family as a ...
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Grove Corporate Pensions launches retirement options division
Pensions consultant Grove Corporate Pensions has launched a new division, Grove Corporate Retirement Options, to help employees with their retirement options.The service will provide employers with their own information website to help employees understand their options.Mike Ormond, financial adviser and founder of Grove Corporate Pensions, said: “Like it or not, ...
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BGL Group launches financial education programme for staff
BGL Group has launched a financial education programme for its staff.The new Making the most of your money seminars cover areas such as basic financial planning, borrowing, savings and investment, as well as preparing for retirement.Since the scheme's launch in May, 170 employees have signed up for the sessions, which ...
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Heath Lambert and Wealth at Work team up to offer benefits consulting
Heath Lambert and Wealth at Work have teamed up to offer benefits consulting supported by workplace financial education and advice.Employers that sign up for the joint services will have access to Heath Lambert’s new benefits platform, which includes online flexible benefits enrolment and communication of total reward. The platform also ...