All Financial wellbeing articles – Page 134
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Article
The Institute of Mechanical Engineers introduces financial advice service
The Institution of Mechanical Engineers has introduced a financial advice service for its 150 staff and 90,000 members.The service, launched last month in conjunction with AWD Chase de Vere, will include seminars and discussion groups, addressing topics such as retirement planning and savings and investments. There are also plans to ...
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Article
Financial education needed earlier
Some 84% of employers provide financial education, access to financial advice, or both, to support staff when they reach retirement, but just 38% offer education on more general topics.However, Wealth at Work’s report Is the financial wellbeing of your employees important? shows 76% of employers think this is likely to ...
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Article
Axa research: Financial worries prompt stress related absence
A high proportion of UK employees suffer physical and mental stress over financial worries, according to a new report from Axa.The Money sickness syndrome report found that as many as nine out of ten adults suffer symptoms arising from stress, one of the most common causes of workplace absence.The study ...
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Article
Buyer's guide to financial education (July 2010)
Financial education has probably never been more relevant to employees, and organisations can tailor it to the needs of their workforce in various ways, explains Ben JonesIn an age when those we entrusted with our money fouled the whole business up so spectacularly, one might be forgiven for asking: if ...
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Analysis
Pensions roundtable: Financial education is vital
Getting staff interested in financial matters is not easy, but it is a necessity when it comes to pensions, says Matthew CraigAs any compensation and benefits professional knows, the level of financial knowledge among today's employees varies hugely.Some staff may want online access to their pension pot to implement their ...
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Article
Employee Benefits Awards 2010: Most effective use of financial education in the workplace (Sponsored by Wealth at Work)
WinnerCapital One (entered by Secondsight)Although this entrant focused purely on educating staff on pensions rather than broader financial matters, its phenomenal results won it this category.The financial firm's largely young, call centre-based workforce had a poor knowledge of pensions, so Capital One set out two key objectives: to educate employees ...
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Article
Legal & General launches new campaign to help employees manage their own finances
Legal & General has developed a series of interactive educational modules as part of its new empployee education campaign.The modules are designed to educate employees on a wide range of financial subjects helping them make informed decisions about managing their own savings.The interactive educational modules appear as a series of ...
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Article
North Lanarkshire Council offers staff financial advice
North Lanarkshire Council has launched a financial advice service as part of efforts to look after the health and wellbeing of its 18,500 employees.The service, launched last month, offers independent financial advice to staff through seminars and one-to-one meetings. Advice is provided on a number of areas, including savings and ...
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Article
Life Academy launches retirement planning service
Life Academy, in partnership with Friends Provident, has introduced an online service called Preparing for Retirement, which organisations can offer employees as a pre-retirement educational tool.The course comprises four modules – managing change, money, time, and health and relationships – which are accompanied by a downloadable personal retirement planner.Stuart Royston, ...
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Article
Scottish Widows launches corporate wrap
Scottish Widows is launching a corporate wrap product which will enable staff to track their employee benefits and personal finances through a single website.The corporate wrap service, called Mymoneyworks, is aimed at allowing staff to take control of their finances, and will be available as an option with Scottish Widows' ...
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Article
New financial education body established
The Financial Services Authority (FSA) has established a new financial education body designed to enhance people's understanding of financial matters and improve their ability to manage their own financial affairs.The Consumer Financial Education Body (CFEB), will continue to run financial education seminars for employers as the FSA did. Work on ...
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Article
Killik Employee Services launches financial education website
Killik Employee Services (KES) has launched a workplace financial education website called Money in Mind. This enables employers to provide their workforce with straightforward information, tools and an online virtual advisor to improve their personal financial capabilities.Peter Leach, director of Killik Employee Services, said: “Money in Mind is the one-stop ...
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Analysis
Financial education: Likely effects of the retail distribution review
The retail distribution review planned by the Financial Services Authority could have major repercussions for financial education, says Georgina FullerThe days of benefits consultants and advisers having commission remunerated by pensions providers will come to an end if the Financial Services Authority's proposals for the retail distribution review (RDR) are ...
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Analysis
Financial education: How to build a business case
Improved staff retention and productivity are among the reasons for providing financial education, says Liz MorrellMost employers offer a range of benefits to help staff make the most of their money, but few do enough to ensure employees get the best value from what is on offer, assuming they will ...
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Analysis
Financial education: Interview with Andrew Pendleton of York University
Financial education may not boost benefits take-up, but it can improve employees’ work performance, says York University’s Andrew Pendleton. Jenny Keefe reportsBritain might have finally staggered out of recession, but employees still need to repair the damage it has caused to their bank accounts. Andrew Pendleton, professor of human resource ...
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Analysis
Financial education: Be sure to hit your target audience among employees
Making financial education relevant to each employee that receives it is the key to maximising staff awareness and take-up of benefits, says Peta HodgeFinancial illiteracy fuelled the demand for sub-prime mortgage products, led to high personal debts and, ultimately, contributed to the collapse of financial institutions across the world.That was ...
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Opinion
Financial education: Sponsor's comment: Wide strategy needed to get the financial message across
Jonathan Watts-Lay, director of Wealth at Work, says all employees must be made aware of their financial needs and opportunitiesInsufficient retirement savings, over-indebtedness and lack of knowledge are all factors creating the need for financial education, but what are the considerations and benefits for an organisation in providing financial education ...
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Analysis
Special report 2010: Financial education
Interview with Andrew Pendleton of York UniversityBe sure to hit your target audience among employeesHow to build a business caseLikely effects of the retail distribution reviewSponsor’s comment: Wide strategy needed to get the financial message across
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Case Studies
Case study: Marks and Spencer sets store by education
Marks and Spencer (M&S) offers financial education to all staff. It targets its 60,000-plus store staff through seminars and leaflets in association with the Financial Services Authority's 'Money matters' programme, and its management staff through a partnership with Wealth at Work. The retailer's head of employment relations and reward, Deborah ...
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Case Studies
Case study: Blaenau Gwent County Council
Blaenau Gwent County Council saw the Financial Services Authority's 'Making the most of your money' seminars as a useful benefit to offer staff at a time when many were feeling the pinch financially.Julie Morgan, HR manager at the Welsh council, says: "We felt it was a good employee benefit and ...