All Financial wellbeing articles – Page 130
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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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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
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
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
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
Workplace Savings Roundtable: Taking the platform
Employee Benefits and The Platforum assembled a panel of corporate platform providers to discuss developments and prospects for this new benefits delivery medium. Padraig Floyd reportsCorporate platforms enable employers to better manage and communicate their workplace savings benefits to employees. But one size does not fit all. Small employers may ...
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Article
Workplace Savings Quarterly News
A round-up of the latest news, case studies and research around workplace savings:Workplace Savings News: Employers are favouring corporate platformsWorkplace Savings News: The Platforum offers guide on corporate platformsWorkplace Savings News: BT share price rise poses CGT problem for saversWorkplace Savings News: Informa offers three-tiered savings choice for staffWorkplace Savings ...
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Analysis
Workplace Savings: Joined-up thinking needed for workplace savings
If you read nothing else, read this... The workplace offers short-term savings options through SAYE share schemes, long-term savings through a pension and medium-term savings via a workplace Isa. These are simple, cost-effective and appeal to a broad spectrum of employees. They can work well alongside existing benefits. They can ...
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Analysis
Workplace Savings: Pensions given greater priority by employers
If you read nothing else, read this... Auto-enrolment means all employers will be forced to offer a pension scheme to qualifying employees irrespective of any other benefits offered. More and more employers are segmenting their workforces, offering more generous pension benefits to those that value them. Reward budgets are being ...
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Article
EXCLUSIVE: Esop and MAS team up to educate employees
The Employee Share Ownership (Esop) Centre has partnered the Money Advice Service (MAS) to highlight the importance of financial education to employers.Both bodies plan to lobby the government for more promotion of, and support for, financial education. David Poole, UK director at Esop, said: “Everyone knows financial education is a ...
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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 ...
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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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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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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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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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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
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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Analysis
Financial Education: The employer's role in financial education
If you read nothing else, read this... A combination of information, education and advice can be the most effective way to improve employees' financial awareness. Although most employees can benefit from financial education, only a small percentage will require additional financial advice.Organisational activities and events such as changing the pension ...
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Case Studies
EB Summit: CSC grounds corporate wrap in financial education
CSC focused on financial education as the basis for its corporate wrap 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, Jenny Davidson, ...
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Opinion
Financial Education: Sponsor's comment: Education holds the key to realising full value of savings
Employees need to be made aware of all their financial options in preparing for retirement, says Jonathan Watts-Lay, director of Wealth at WorkIn these challenging economic times, with the introduction of many new regulations such as pensions auto-enrolment, the removal of the default retirement age and enhanced options at retirement, ...