All Financial wellbeing articles – Page 128
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Article
Debi O'Donovan, editor of Employee Benefits: Here's some free advice: give us value for money
?Listening to many financial advisers, you would think the introduction of the Retail Distribution Review in 2013 will adversely affect employee savings as they lose access to ‘free’ advice.I heartily disagree. It will bring transparency to the charging structure of financial products and dispel the myth that the advice is ...
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Article
Employers fail to meet staff expectations on retirement planning
Just 30% of employees believe their employer is doing a good job in helping them plan for retirement and a growing proportion expect financial services-style technology to manage workplace benefits.Out of the 1,000 employees who responded to Mercer's Employee rewards, benefits and savings survey, 86% said they would like to ...
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Article
The Open University launches financial education course
The Open University is offering a course to help employers provide staff with financial education and encourage them to take better control of their finances.Its ‘You and your money’ course, which covers a range of financial issues including income, expenditure, budgeting and debt, aims to give employees a better understanding ...
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Article
Legal and General launches two new financial education modules
Legal and General has launched two more interactive modules to help employees gain a better understanding of their finances.As part of its workplace saving platform, WorkSave, Legal and General has released two new true-to-life scenarios featuring the fictional Cash family to help employees manage money and find financial help.The scenarios ...
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Article
Toyota Tsusho to educate staff on pension changes
Toyota Tsusho UK is to introduce financial education sessions to show its employees how their pension is performing after introducing a new pension scheme and switching providers.The resources trading firm introduced a group personal pension (GPP) plan, provided by Aegon, in June after closing its previous defined contribution (DC) scheme ...
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Article
Pensions salary sacrifice tops list of valued benefits for UK staff
Over half (56%) of UK employees would sacrifice pay for a higher pension contribution by their employer, according to Aon Hewitt.Its European Employee Benefits Benchmark, which surveyed more than 7,500 employees in Belgium, Denmark, France, Germany, Ireland, the Netherlands, Norway, Spain, Switzerland and the UK, focuses on topics such as ...
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Article
Employers believe staff are responsible for own financial education
The majority of employers (83%) believe it is the individual’s responsibility to educate themselves about financial matters, according to a new report from the Pensions Management Institute (PMI) and Standard Life.The DC Pulse research also found that just 34% of employers reported a take-up rate of more than 80% in ...
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Article
CSC implements corporate wealth platform for staff
CSC, the software application firm, has launched a corporate wealth platform to its 7,000 staff.The platform, which was also developed by CSC for Scottish Widows, provides employees with financial education, guidance and interactive tools to help them identify their financial planning needs.The platform, called Mymoneyworks, offers a range of savings ...
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Article
The Institute of Mechanical Engineers introduces financial advice service
The Institution of Mechanical Engineers has introduced a financial advice service for its 150 staff and 90,000 members.The service, launched last month in conjunction with AWD Chase de Vere, will include seminars and discussion groups, addressing topics such as retirement planning and savings and investments. There are also plans to ...
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Article
Financial education needed earlier
Some 84% of employers provide financial education, access to financial advice, or both, to support staff when they reach retirement, but just 38% offer education on more general topics.However, Wealth at Work’s report Is the financial wellbeing of your employees important? shows 76% of employers think this is likely to ...
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Article
Axa research: Financial worries prompt stress related absence
A high proportion of UK employees suffer physical and mental stress over financial worries, according to a new report from Axa.The Money sickness syndrome report found that as many as nine out of ten adults suffer symptoms arising from stress, one of the most common causes of workplace absence.The study ...
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Article
Buyer's guide to financial education (July 2010)
Financial education has probably never been more relevant to employees, and organisations can tailor it to the needs of their workforce in various ways, explains Ben JonesIn an age when those we entrusted with our money fouled the whole business up so spectacularly, one might be forgiven for asking: if ...
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Analysis
Pensions roundtable: Financial education is vital
Getting staff interested in financial matters is not easy, but it is a necessity when it comes to pensions, says Matthew CraigAs any compensation and benefits professional knows, the level of financial knowledge among today's employees varies hugely.Some staff may want online access to their pension pot to implement their ...
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Article
Employee Benefits Awards 2010: Most effective use of financial education in the workplace (Sponsored by Wealth at Work)
WinnerCapital One (entered by Secondsight)Although this entrant focused purely on educating staff on pensions rather than broader financial matters, its phenomenal results won it this category.The financial firm's largely young, call centre-based workforce had a poor knowledge of pensions, so Capital One set out two key objectives: to educate employees ...
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Article
Legal & General launches new campaign to help employees manage their own finances
Legal & General has developed a series of interactive educational modules as part of its new empployee education campaign.The modules are designed to educate employees on a wide range of financial subjects helping them make informed decisions about managing their own savings.The interactive educational modules appear as a series of ...
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Article
North Lanarkshire Council offers staff financial advice
North Lanarkshire Council has launched a financial advice service as part of efforts to look after the health and wellbeing of its 18,500 employees.The service, launched last month, offers independent financial advice to staff through seminars and one-to-one meetings. Advice is provided on a number of areas, including savings and ...
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Article
Life Academy launches retirement planning service
Life Academy, in partnership with Friends Provident, has introduced an online service called Preparing for Retirement, which organisations can offer employees as a pre-retirement educational tool.The course comprises four modules – managing change, money, time, and health and relationships – which are accompanied by a downloadable personal retirement planner.Stuart Royston, ...
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Article
Scottish Widows launches corporate wrap
Scottish Widows is launching a corporate wrap product which will enable staff to track their employee benefits and personal finances through a single website.The corporate wrap service, called Mymoneyworks, is aimed at allowing staff to take control of their finances, and will be available as an option with Scottish Widows' ...
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Article
New financial education body established
The Financial Services Authority (FSA) has established a new financial education body designed to enhance people's understanding of financial matters and improve their ability to manage their own financial affairs.The Consumer Financial Education Body (CFEB), will continue to run financial education seminars for employers as the FSA did. Work on ...
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Article
Killik Employee Services launches financial education website
Killik Employee Services (KES) has launched a workplace financial education website called Money in Mind. This enables employers to provide their workforce with straightforward information, tools and an online virtual advisor to improve their personal financial capabilities.Peter Leach, director of Killik Employee Services, said: “Money in Mind is the one-stop ...