All Financial wellbeing articles – Page 130
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Analysis
Auto-enrolment and the future of workplace savings
Employee Benefits assembled a panel of industry commentators to discuss recent developments in workplace savings and the impact of pensions auto-enrolment. Padraig Floyd reportsWorkplace savings benefits have developed rapidly in a market where regulation is reinforcing the need for employees to save for their retirement.On the eve of auto-enrolment, we ...
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Article
Jelf Employee Benefits launches financial education services
Jelf Employee Benefits has launched two financial education services, called Jelf Money at Work and Jelf Money after Work.The services, which can be offered by employers as one-to-one sessions or group workshops, covers topics such as investment guidance, technical support and lifetime financial education, and are designed to help employees ...
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Case Studies
City and Guilds in talks on corporate platform
City and Guilds is in the throes of deciding whether to implement a corporate platform to help it optimise the attractiveness of its benefits package, which includes private medical insurance (PMI), group income protection (GIP), childcare vouchers and a bikes-for-work scheme.Sangeeta Mistry, group reward manager, says: “We offer a really ...
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Article
Employees want flexibility around workplace savings and pensions
Employees want more flexibility around their savings and pensions options, but employers are not catering for their needs, according to research by Mercer.Its research, which analysed the defined contribution (DC) pension schemes of more than 300 UK organisations, found that, on average, 58% of employee respondents ranked pensions as the ...
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Article
Buyer's guide to financial education
Focus on factsWhat is financial education?It is a structured process and set of learning objectives designed to inform employees about financial matters. It is often focused on educating around relevant employee benefits, such as pensions and share schemes, but can also include help with saving money. Traditionally, content can be ...
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Article
Debi O'Donovan: Staff engagement with pensions is essential
Pensions auto-enrolment could be the worst employee engagement disaster in recent years. Those of you who know me will realise I am not inclined to tabloid-style, shock-horror scare stories, so let me explain my thinking.We have gone through several years of below-inflation pay increases, if not pay freezes, which are ...
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Opinion
Mark Polson: Corporate Isas great new hope
In what is probably the last throw of the dice for workplace savings before Nest (national savings employment trust) drives a coach and horses through the industry, the new corporate platforms aren’t just opening up investment and functionality, they are adding wrappers, too. Workplace cash and stocks-and-shares Isas (individual savings ...
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Article
Pensions Management Institute launches qualification for advisers affected by RDR
The Pensions Management Institute (PMI) has launched a diploma in regulated retirement advice, which is fully compliant with the retail distribution review (RDR).The diploma provides advisers affected by RDR with the opportunity to gain the necessary accreditation they need to continue to provide advice.The diploma comprises three modules under the ...
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Article
Clarity Global launches financial education website for employers and employees
Independent financial advice firm Clarity Global has launched a website to provide employers and employees with resources for financial education.The website will offer employers:The ability to deliver a foundation of financial education to all employees in a cost-effective manner.Full personalisation, which allows employers to monitor employees’ use on the site ...
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Opinion
Frances Corbett: Financial education
People are living longer. Even if we work past our late 60s, many of us will, hopefully, enjoy at least 20 years in retirement and the income we will need has to be earned while working.Despite this, about seven million people are not convinced and seem unconcerned about being financially ...
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Article
Third of employers to increase benefits spend in 2012
More than a third of employers plan to increase their spend on employee benefits in 2012, according to research by the Chartered Institute of Personnel and Development (CIPD).The CIPD/Benefex reward management survey 2012 also found that only 18% of respondents provide total reward statements (TRS) to staff and 20% offer ...
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Article
30% of respondents do not communicate pensions to staff
Almost a third (30%) of respondents do not communicate with employees about their pensions, according to research by Aviva.The first Aviva Working lives report surveyed 2,004 private sector employees and 210 employers in the first quarter of 2012.A quarter (24%) of employers surveyed leave it to the pension provider or ...
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Article
Informa offers three-tiered workplace savings strategy
Media firm Informa has developed a three-tiered workplace savings strategy to cater for its diverse, 3,200-strong UK workforce.The strategy is divided into short-, medium- and long-term savings options.The short-term savings vehicle is a stocks and shares individual savings account (Isa), which will be introduced in April 2012. Informa had planned ...
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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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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
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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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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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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Article
CSC platform puts focus on financial education
Technology firm CSC focused on financial education as the basis for its corporate platform 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, ...
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Analysis
Workplace Savings Industry Forum: Get equipped to meet your duties
Choosing the right technology and a suitable partner can ease employers’ burden in complying with auto-enrolment, says Peter GlancyEmployees across the UK are not saving enough for their retirement, with only half the population preparing adequately and one in five doing nothing at all, according to Scottish Widows’ 2011 Pension ...