All Financial wellbeing articles – Page 132
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Analysis
Spell out perks
In the fast-moving world of benefits, misconceptions have arisen around the definition of some perks, which require clarification, says David WoodsWhen people communicate, it is not just about the words that they use that helps others to understand their meaning. More than half (55%) of what an individual means to ...
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Article
Ernst & Young offers financial education
Ernst & Young has invited all its UK employees who are part of its defined contribution (DC) arrangement to attend financial education workshops in May.There will be two workshops, with one short session that will look at the mechanics of the firm's DC scheme and a longer, half-day session that ...
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Article
NAPF Investment Conference: Employers with DC pensions told to limit fund choice
Employers with defined contribution (DC) schemes have been told to limit fund choices to a small number and to provide effective financial education to help employees get to grips with their necessary investment decisions.Alistair Byrne, senior lecturer in finance at the University of Edinburgh, told delegates at the National Association ...
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Article
Free financial advice service unveiled
The blueprint for a national free financial advice service has been set out in the final report of the Thoresen Review of Generic Financial Advice, published today.This includes an emphasis on the workplace as an avenue for delivering financial advice.The report recommends that a national money guidance service is put ...
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Article
Scottish and Southern Energy implements financial education
Scottish and Southern Energy has held a month-long programme of financial education to help staff get up to speed with their personal finances.Workshops were organised in one-day stints across key locations in the UK, including power stations and call centres, with up to four sessions a day taking place at ...
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Article
Face up to the provision of multi-site financial education
To limit inconvenience to its workers GlaxoSmithKline looks to provide financial education at all its sites, with a wide range of face-to-face programmesProviding financial education in the workplace can be challenging if you have a large and diverse workforce with differing employee needs that is based across multiple sites, or ...
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Article
Schooling pays dividends
3873This article is brought to you by our sponsor JPMorgan Invest.Jonathan Watts-Lay, director at JPMorgan INVEST, says that without financial education there is a good chance that employees will miss out on a whole host of money saving opportunitiesThere has been much media interest over closures of defined benefit (DB) ...
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Article
Best Practice from Thought Leaders: financial education
Jonathan Watts-Lay, director at JPMorgan INVEST, says that without financial education there is a good chance that employees will miss out on a whole host of money saving opportunitiesClick to download the Financial Education Whitepaper (115 KB)Sponsored by
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Article
Aviva launches financial education
Aviva has launched a financial education programme to ensure staff have a good understanding of their financial benefits and to improve take up of these perks. The scheme, which will run until 2009, is also intended to ensure staff have a good overall financial literacy.Up to three sessions will run ...
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Analysis
Should employers focus on their staff's health or wealth?
Employers often want to ensure staff are healthy and financially secure, but they may not be able to afford to invest in perks for both, so how can they decide which of the two is most important, asks David WoodsEvery new year most of us find ourselves making the same ...
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Article
FSA targets teachers with workplace financial education initiative
The Financial Services Authority (FSA) has teamed up with the National Union of Teachers (NUT) to send out booklets containing financial tips to union members as part of its workplace financial education programme.The FSA booklet has been co-branded with the NUT and been distributed to 365,000 teachers as an insert ...
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Article
Buyer's guide to financial education
New forms of communication such as pod and webcasts are helping employers to provide generic financial education, says Nick GoldingFinancial education is used to provide information to staff about a range of personal finance issues. It is distinguished from financial advice by its generic nature and can help staff better ...
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Article
BSkyB launches financial education programme
BSkyB has launched a financial education programme with workshops, face-to-face advice sessions and online guides for its UK employee population.The step has been taken by the media firm to ensure a good return on its benefits investment, and to help staff understand financial issues both at work and home.The new ...
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Analysis
Need for financial education around stakeholder pension schemes
All too often employees in stakeholder schemes simply plump for the default investment option due to a lack of interest and knowledge, so should employers provide more education, asks David WoodsSelecting which fund to invest in through a stakeholder pension scheme can be a tricky task for many employees, particularly ...
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Article
Ford goes into overdrive on diversity and finance training
Ford has held a series of seminars on financial education, diversity and work-life issues for staff across its seven sites.Financial education presentations, run by the Financial Services Authority (FSA), have been held at a number of the car manufacturer's workplaces including its Dunton plant, which employs 3,000 staff.Brian Bennett, manager ...
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Article
Deloitte adds identity theft protection to flex
Deloitte has revamped its flexible benefits package by adding identity theft protection and Bupa health assessments to its scheme, following a successful trial of the two perks.The identity theft protection benefit is an online credit assessment programme that is designed to help employees at the accountancy firm take control of ...
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Case Studies
GSK outlines perks for staff via financial education
GlaxoSmithKline (GSK) has put in place a programme of financial education so that staff understand their benefits.Julie Skidmore, financial and education manager, says: "We are looking to get a good return on the investment we put in [in terms of recruitment, retention and motivation]. But, on the flipside of that, ...
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Analysis
Why should employers offer financial education?
reditEmployers may not always see the value in offering financial education but it can have quantifiable returns on investment, says Amanda WilkinsonFor employees, the benefits of employer provided financial education are clear as they become better equipped to make crucial decisions about their long-term future. However, some employers may well ...
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Article
Sony builds staff's health and finance know-how through sessions
Sony Pictures Entertainment has launched a programme of regular health and wellbeing and financial education sessions for staff.This will tackle different issues each month, alternating between health and financial topics. On-site health screening will be made available for staff each day this month until 12 October, while in November they ...
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Case Studies
Alliance & Leicester runs financial education seminars
Alliance & Leicester (A&L) began running financial education seminars on its share plans after the bank floated in 2000 to ensure that staff understood their potential exposure to tax liabilities and the stock market.Paul Askew, share plans manager at A&L, says: "We saw a stockpiling of shares and having far ...