All Financial wellbeing articles – Page 132
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Analysis
Financial Education: Back-to-basics guide to financial education
If you read nothing else, read this . . . Financial worries can reduce an employee's effectiveness at work. Employers need to be aware that different methods of communication suit different types of employee. Workplace financial education works best when it is focused on a particular event or financial concern. ...
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Article
Employee Benefits financial education supplement
Download a PDF of the Employee Benefits financial education supplement 2012†Sponsor’s comment: Jonathan Watts-Lay of Wealth at WorkInterview: Stuart Bailey of the Money Advice ServiceBack-to-basics guide on financial educationThe employer’s role in financial educationWhat employers need to consider in terms of corporate branding
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Analysis
Financial Education: What employers need to consider in terms of brand
If you read nothing else, read this... Employer branding on financial education programmes helps to secure the trust and engagement of staff, which is vital when making changes to key financial benefits. Financial education is a partnership, and co-branding a programme to identify its origin from the employer and independence ...
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Case Studies
Case study: E.On empowers staff through financial education
Energy firm E.On has used the government-backed Money Advice Service (MAS) (see interview with Stuart Bailey of MAS) to provide various types of financial education for its workforce for around four years.Ant Donaldson, senior specialist employee benefits UK, says: “I think it is a great resource. It is very low ...
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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, ...
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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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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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ArticleWhite paper — maintaining employee engagement in auto-enrolment
A successful workplace pension proposition should be built on the three pillars of auto-enrolment fuctionality, communications and investment strategy.To download the white paper, click on the link above right under Related Files.White paper supplied by Standard Life.
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Article
Money Advice Service launches financial education campaign
The Money Advice Service (MAS) has introduced a financial education campaign called Fresh Start, which promotes spring as the ideal time for employers and employees to focus on money and financial issues.The MAS has emailed the 1,300 employers it works with to flag up its range of online resources.These include ...
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Article
EXCLUSIVE: Oracle aims to expand financial planning service
Oracle plans to extend its financial planning service for employees so it eventually covers up to 20% of its workforce.The service, currently directed at senior staff and provided by Citimark, enables employees to manage their pension in the context of their life goals and their net worth. Factors taken into ...
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Article
Paradigm Group to launch corporate wrap business
Paradigm Group is to launch a standalone corporate wrap business.The independently-run business will join the consultancy group’s other businesses: Paradigm Partners, Paradigm Pensions and Paradigm Mortgages.Its corporate wrap product will include a group personal pension (GPP) plan, alongside a workplace independent savings account (Isa) and other savings vehicles.The product can ...
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Article
EXCLUSIVE: Trowers and Hamlins introduces financial education workshops
Law firm Trowers and Hamlins is introducing a series of financial education workshops called ‘Making the most of your money’ as part of a three-tiered approach to ensure its 500 employees are looking after their finances.The first step was a series of presentations in October by Friends Life around the ...
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Article
Aviva research: 84% of younger workers would like financial help from employers
The majority (84%) of younger workers (25 to 35 year olds) would like financial help from their employers in order to plan for their future, according to research by Aviva.The research found that many employees in the 'foundation generation', so called because they are laying the groundwork for their finances, ...
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Article
Aviva conjures up financial awareness campaign for young people
Aviva is running a social media campaign using magic to raise awareness among young employees about the importance of retirement savings.In a series of short film clips, magician Pete Hathaway uses magic tricks with money to encourage young people to save for the future.The films, available on social media sites ...
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Article
Institute of Financial Planning research: One third of employees not contributing into a pension scheme
A third (31%) of UK employees are not currently contributing to a pension scheme, while 14% have never made any pension contributions, according to research by the Institute of Financial Planning (IFP) in association with National Savings and Investments (NS&I).The Financial planning survey, which coincides with UK Financial Planning Week ...
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Article
EXCLUSIVE: Marks & Spencer offers financial education for sharesave maturity
Marks and Spencer (M&S) will offer financial education ahead of two of its sharesave schemes maturing on 1 January 2012, with markedly different results.Its three-year sharesave scheme will see 12,000 staff share a pot of £60 million. Ann Govier, manager of senior remuneration and employee share schemes at M&S, said: ...
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Article
EXCLUSIVE: Kantar Worldpanel gives employees budget tips
Market research firm Kantar Worldpanel has held financial education sessions as part of its efforts to improve employees' wellbeing.The hour-long sessions showed staff how they could save money on mortgages, power bills, banking, and car and house insurance. They were also given information about Kantar's group personal pension scheme.The firm ...
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Article
NAPF conference: CSC to enhance employee savings platform
IT company Computer Sciences Corporation (CSC) will be enhancing its employee savings platform over the coming months.Speaking at the National Association of Pension Funds (NAPF) conference on 20 October, Jenny Davidson, director of compensation and benefits for Europe, Middle East and Africa (EMEA), at CSC said the firm will be ...
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Article
Close Asset Management acquires Cavanagh Group
Close Asset Management has expanded its financial education services with the acquisition of Cavanagh Group.Cavanagh Corporate, the firm's employee benefits division, and Close Asset Management's financial education division, will now offer employers benefits reviews, communication, implementation, education and delivery.Jeanette Makings, director of financial education services at Close Asset Management, said: ...
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Article
Goddard Perry Consulting launches financial education service
Goddard Perry Consulting (GPC) has launched a financial education service called the Retirement Counsellor.Designed to assist employers and trustees with pension scheme communications, it will enable staff to consider which option at retirement is best for them.The service includes a bespoke pre-retirement report outlining all the choices, access to online ...