All Financial wellbeing articles – Page 134
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Article
A quarter of workers want employer pension presentations
One in four UK workers are in support of presentations by their employer (26%) or a financial expert (23%) to help them understand their pensions.Overall, 90% of workers believe that pensions need to be made easier to understand, according to the Spring Pensions Survey from B&CE Benefit Schemes. Just 10% ...
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Analysis
Financial education powers staff
This article is brought to you by JPMorgan Invest.David Cassidy, chief executive officer at JP Morgan Invest, says that financial education leads to more focused and confident employees who have greater control of their affairs, which in turn positively enhances their professional outputWhile companies are under no compulsion to do ...
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Analysis
Face up to it, group financial education sessions don't disappoint
Written material or an intranet will for the most part not suffice as financial education, staff often need to talk and ask questions, and face-to-face education - not advice - in group sessions can often be effective, says Harper Wright, financial education service manager, MBNANo business is an island. Yes, ...
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Article
Towry Law acquires Baker Tilly Financial Services
Towry Law has acquired Baker Tilly Financial Services (BTFS), the financial advisory division of the accountancy firm.BTFS’ 41 wealth advisers will now trade under the Towry Law brand. Towry Law said that BTFS has more than 20,000 high net worth clients and is an ideal fit with its business model.Once ...
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Analysis
Government plans financial education service
Government intentions to design a national financial education service could impact on workplace schemes.Plans by the government for a national financial education service could help employees understand their pensions and plan for retirement.A team, led by Otto Thoreson, chief executive officer of Aegon UK, has been charged with researching and ...
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Article
DHL launches pre-retirement planning
DHL Express has launched pre-retirement planning for staff over the age of 64 years.The programme was launched to more than 300 employees last month and provides membership to the not-for-profit organisation HeyDay, which is part of Age Concern. This entitles employees to the organisation's bi-monthly magazine, membership access to its ...
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Article
Employee Benefits Thought Leaders: financial education
David Cassidy, chief executive officer at JP Morgan Invest, says that financial education leads to more focused and confident employees who have greater control of their affairs, which in turn positively enhances their professional output.Click to download the Financial Education Whitepaper (0.2 MB)Sponsored by
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Article
Information due on retired staff with benefits
Employers which provide benefits for retired staff have until 7 April to inform HM Revenue & Customs (HMRC) of employees' National Insurance number, the benefits they receive and the value of these perks.Changes introduced in the Finance Act 2004, mean that 2006/07 is the first tax year in which retired ...
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Article
HBOS quits worksite marketing
The worksite marketing arm of HBOS, which includes its financial education and voluntary benefits offerings, has ceased to operate.The provider has made a commitment to its existing clients and will honour voluntary benefits contracts until the end of 2007.It will also fulfil its†financial education contracts up until July this year.The ...
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Article
Government to offer pre-retirement planning
The government plans to offer free generic financial advice helping workers with pre-retirement planning and the decision on whether or not to opt out of personal accounts.It is envisaged that the information will be provided via a national helpline and website and possibly a network of advice centres linked to ...
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Article
Brinc hunts new partner after HBOS exits voluntary benefits
Brinc is on the hunt for a new partner following HBOS's decision to close its worksite marketing arm which offers employers voluntary benefits schemes and financial education.The organisation has been providing online portals for bespoke voluntary benefits schemes to clients of HBOS's worksite marketing division and is now looking for ...
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Analysis
Measuring employee empowerment can be tricky
Measuring employee empowerment can be a tricky business, but employers that successfully achieve this may have happier staff, lower rates of absence and increased productivity levels, says Nick GoldingArticle in fullEmployee empowerment is created by a loosening of the reins by employers and the passing of trust onto employees. In ...
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Article
Financial education - definitions
Financial education is becoming increasingly important in helping staff to both select and better understand the value of the benefits they are given. Providing financial education for staff around personal financial issues can also help to reduce problems such as stress.Common terms related to financial education in the workplaceBenefits modellersFinancial ...
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Case Studies
Capgemini offers financial education to employees
IT consultancy Capgemini decided to offer a financial education package to employees after its HR department received numerous requests for help with financial queries, especially about mortgages.Many of the firm's 6,500 employees are based at client sites spread throughout the UK. In order to fit in with their working patterns, ...
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Article
BSkyB helps staff manage their cash
BSkyB is piloting a financial education programme designed to help improve financial literacy levels. The scheme from the Financial Services Authority (FSA) will be tested on the 70 members of BSkyB's employee forum to decide whether it is appropriate for the wider workforce. If successful, it will be rolled out ...
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Analysis
Mortgages as a benefit
Giving staff access to mortgage advice can provide employers with a high-impact low-cost perk, says Laverne Hadaway.Buying a house is probably the biggest purchase decision most people will ever make during their lives. Finding the right mortgage deal, let alone choosing a property and moving can be a worrying and ...
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Article
Orange gives staff money help
Orange is embarking on an online financial education programme to help staff better understand the value of their benefits.The first web-based module to be launched will be on the firm's share incentive plan that is available to all staff.Although all details of the share scheme are already available online, Orange ...
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Case Studies
United Utilities helps staff make most of finances
Case study: United UtilitiesOffering employees financial advice and education may not be a common benefit in the utilities sector but at United Utilities, it's seen as part of the company's responsibilites.Julie McGowan, secretariat administrator, explains: "It does surprise our employees but we believe we should offer them [education] to help ...
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Case Studies
Capita Group offers financial education on share schemes
Case study: Capita GroupProfessional services and outsourcing company Capita Group has offered a sharesave scheme since 2000 and a share incentive plan since 2002. It uses a range of methods to educate its employees about its share schemes, including mailing booklets to their home addresses, hosting presentations and putting information ...
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Case Studies
Majority of Procter & Gamble staff take advantage of share scheme
Case study: Procter & GambleProcter & Gamble employees were first encouraged to buy company shares in the US during the mid nineteenth century.The share habit quickly spread across the Atlantic and today the vast majority of P&G's 4,500 UK staff take advantage of a scheme under which they can spend ...