All Financial wellbeing articles – Page 130
-
Article
Employee Benefits Awards 2009: Most effective use of financial education in the workplace (Sponsored by JPMorgan INVEST)
WinnerSchlumberger (entered by Clarity)Judges praised the oilfield service provider’s approach to the difficult task of providing financial education to a workforce of 84,000 spread across more than 80 countries. Its education programme targets two main groups – expatriate employees and international commuters who live in their home country but travel ...
-
Article
Employee Advisory Resource and PocketSmith launch budgeting tool
Employee Advisory Resource (EAR), an employee assistance programme (EAP) provider has entered into an exclusive partnership with PocketSmith, a budgeting software company, to provide an online personal finance management tool to help employees with budgeting and financial planning.The new online tool is an interactive enhancement to EAR's suite of debt ...
-
Article
Unisys offers staff financial education
Unisys has held financial education workshops to support staff whose jobs are at risk because of restructuring.During the sessions at the technology firm's sites in Milton Keynes and London, which were provided by JPMorgan Invest, 48 employees were given information on state benefits, and advised on how best to deal ...
-
Article
BDO Stoy Hayward Investment Management launches redundancy service
BDO Stoy Hayward Investment Management (BDO) has launched a financial redundancy counselling service for companies making redundancies.The service, which integrates independent financial advice into the overall redundancy consultation process, can be structured according to employers' needs as well as and the employees that are affected. Employers can choose one or ...
-
Article
Employees' financial worries affect performance at work
More than a quarter of workers do not feel in control of their finances and believe their financial worries are affecting their performance at work.According to research published by the Institute for Employment Studies, 30% of employees are concerned about their financial wellbeing, while almost 10% felt this issue had ...
-
Article
Grant Thornton launches financial education for staff
Grant Thornton has launched financial education for its 4,400 partners and employees, in a bid to boost engagement with benefits.More than 900 employees attended one of the 39 seminars held at 23 office locations across the UK, ahead of the accountancy firm's flexible benefits elections, which opened in November.The seminars, ...
-
Article
Financial Education Supplement
Interview with Annamaria Lusardi, professor of economic at Dartmouth CollegeTailor financial education to suit employees’ life stages Key messages to deliver to staff during a recession Educating staff about annuitiesMake the most out of workplace financial education. Discover how to educate staff with relevant, targeted lifestyle-based financial ...
-
Analysis
Tailor financial education to suit employees' life stages
Segmenting the workforce to suit every stage of employee’ lives is one way of targeting financial education effectively, says Tom WashingtonIn reality, providing completely bespoke, personalised financial education for each employee is impossible, as their needs will be so varied. Offering one-to-one meetings with an independent financial adviser is the ...
-
Article
Key messages to deliver to staff during a recession
The recession means staff are taking more interest in their finances and there are key messages employers can pass on to help them cope, says Katrina McKeeverTimes of economic downturn can cause stress and anxiety for a large number of employees, as they face mounting problems keeping up with debt ...
-
Article
Case Study: Tesco
Tesco recognises the varying needs of its 280,000-strong workforce by targeting workers approaching retirement and graduates fresh out of university with tailored information.It holds approximately 25 pre-retirement seminars a year, which include speaker presentations, question and answer (Q&A) sessions and opportunities for one-to-one meetings with an independent financial adviser.Together these ...
-
Case Studies
Case Study: Simply Health Group
The Simply Health Group tailored savings provision to better suit its varied 1,200-strong workforce after realising that staff were not joining its group personal pension (GPP) scheme due to other priorities.To provide an alternative, the healthcare firm launched schemes to help staff save for a home or pay off student ...
-
Article
Interview with Annamaria Lusardi, professor of economics at Dartmouth College
Providing financial education to staff can indirectly impact performance, Annamaria Lusardi, professor of economics at Dartmouth College, tells Tom WashingtonFor many employees, making the right decisions when it comes to their personal finances, particularly in terms of savings and investments, is a tough task. This is often due to a ...
-
Article
Educating staff about annuities
Employers can help staff choose their annuities but there are risks in doing too much, says Nicola SullivanEmployers that have gone to great lengths to promote the value of saving into occupational pensions to their staff may also be keen to ensure employees select the right annuities. On reaching retirement, ...
-
Case Studies
Case Study: Abbey
As a financial institution, Abbey regards financial education as being paramount to the wellbeing of its 16,000 employees, particularly during the current economic climate.It is planning to launch a workplace financial education programme to help staff cope with the credit crunch, following on from an initiative built around its sharesave ...
-
Article
Abbey and Cancer Research UK launch financial education
Abbey and Cancer Research UK have launched financial education programmes to help employees manage their money during the recession.Cancer Research UK's scheme will first roll out its initiative to a group of 60 employees this month and has scheduled further sessions to take place throughout the year. The charity will ...
-
Article
GSK to offer financial education to support staff after job cuts
GlaxoSmithKline is aiming to offer financial planning and career support to workers who are made redundant or take early retirement from its Dartford factory.The move follows the pharmaceutical firm's proposal to close the plant by 2013, with the loss of 620 jobs.A spokesman for the company said: "We are providing ...
-
Article
Tesco launches financial education for staff
Tesco has launched a financial education programme for its 280,000 employees.†The retailer will distribute a guide to personal finance published by the Financial Services Authority (FSA). Just the facts about making the most of your money, to all its UK workforce. The guide is designed to help staff manage their ...
-
Analysis
How far should employers go in providing financial education?
The need for financial education in the workplace has been highlighted by the credit crunch, but how far should employers go, asks Laverne HadawayEven before the credit crunch began to take its toll, the concept of providing financial education for staff was rising in prominence. The publication of the Thoresen ...
-
Article
CIPD Reward Forum: Corporate Sipps are the new flexible benefits
Group self invested personal pensions are emulating flexible benefits in the 1990s.Speaking at the CIPD Reward Forum, Philip Hutchinson, head of corporate Sipp sales, Pointon York Sipp Solutions, said: “Sipps is exactly where flex was 10 years ago. Everybody wants one but most people don’t understand how they work.”However, more ...
-
Case Studies
Case Study: Certegy rationalises pension arrangements
Following its merger with Certegy, financial technology firm, Fidelity National Information Services had three pension schemes: a stakeholder plan, a contracted-in money purchase plan and a group personal pension (GPP).To harmonise these pension arrangements, it consolidated the schemes into a new GPP. Julie Chell, Fidelity's HR director for Europe, the ...