All Financial wellbeing articles – Page 135
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Case Studies
Case study: Axa
Axa's online 'My budget day' resource is at the core of the insurance company's financial education programme for employees.The emphasis is on continuous financial management, with all employees being allowed to take an hour of their working time each month to use the site, which offers a number of interactive ...
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Analysis
Implications of early retirement law
Next year’s change to the early retirement age could have major implications, says Ceri JonesIf you read nothing else, read this... For employees to have the right to retire before age 55 after April 2010, an earlier normal retirement age must be written into their contract of employment. A collective ...
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Article
FSA runs redundancy financial education scheme
The Financial Services Authority (FSA) is running financial education seminars for employees who have been made redundant.The hour-long seminars, held at the employers' offices, are designed to help those who have just lost their jobs be better equipped at dealing with their finances.Topics include making the most of redundancy payments, ...
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Article
Molton Brown offers retirement courses to staff
Maker of luxury beauty goods Molton Brown is offering retirement design courses to support its older employees.The one-day course, provided by Jelf Employee Benefits, offers detailed information on financial opportunities and challenges of retirement, as well as the impact it has on relationships and the amount of spare time a ...
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Article
Killik launches workplace guide to money matters
Killik Employee Services has launched a workplace financial education service designed to complement the Financial Services Authority's national financial capability initiative.Online serviceThe online service, Money in Mind, gives guidance on matters such as pensions, budgeting, savings and insurance.Staff can access interactive and planning tools such as virtual financial education tutorials ...
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Article
Room for improvement in the standard of employers' retirement literature
Research conducted by the Pensions Regulator has found that 30% of UK employers have allegedly failed to disclose adequate guidance to their employees on defined contribution (DC) pensions.A review of retirement information, which looked at 97 DC schemes, found that 30% had alleged legislative breaches of retirement disclosure regulations, while ...
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Article
Axa is to launch online pensions video
Axa Corporate Benefits is launching a new online video programme designed to engage younger employees with their corporate pension arrangement.Pensions TV is designed to overcome inertia around pensions and any difficulties employees, particularly younger staff members, might have discussing the benefit.The programmes available follow three employees who demonstrate varying approaches ...
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Article
JPMorgan Invest renamed Wealth at Work
Financial education and employee wealth management services provider JPMorgan Invest has been renamed Wealth at Work.The change follows the completion of a management buyout backed by Lloyds TSB Development Capital (LDC), the private equity division of Lloyds Banking Group.Wealth at Work provides services which allow employees to maximise the value ...
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Article
Zurich launches tax handbook
Zurich has launched the latest edition of its annual tax handbook for financial advisers and their clients, in conjunction with Pearson Education.The updated guide provides a single source of reference for all aspects of tax planning. In addition, this year's guide highlights some of the potential tax consequences arising from ...
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Analysis
Corporate wrap products are taking shape
Corporate wrap, an integrated financial planning platform for employees, is taking shape as a proposition for employers, but the concept has its doubters, says John GreenwoodIf you read nothing else, read this...Corporate wrap is not yet available, but is likely to be in the next 12 months.Staff will be offered ...
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Article
AWD Chase de Vere enhances financial awareness product
AWD Chase de Vere has enhanced its financial awareness product by providing UK employers with regional consultants clued up on their benefits packages.Employees can call upon the regional consultants, all of which have been trained on individual company benefits structures, to assist them in engaging their workforce with financial perks.Details ...
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Article
FSA assesses money guidance service ahead of national launch
The Financial Services Authority (FSA) is assessing the success of the money guidance programme currently available in the North of England ahead of the national launch of a similar service expected to take place next year.Chancellor Alistair Darling announced in his Budget report that a national money guidance service would ...
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Article
Employee Benefits Awards 2009: Most effective use of financial education in the workplace (Sponsored by JPMorgan INVEST)
WinnerSchlumberger (entered by Clarity)Judges praised the oilfield service provider’s approach to the difficult task of providing financial education to a workforce of 84,000 spread across more than 80 countries. Its education programme targets two main groups – expatriate employees and international commuters who live in their home country but travel ...
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Article
Employee Advisory Resource and PocketSmith launch budgeting tool
Employee Advisory Resource (EAR), an employee assistance programme (EAP) provider has entered into an exclusive partnership with PocketSmith, a budgeting software company, to provide an online personal finance management tool to help employees with budgeting and financial planning.The new online tool is an interactive enhancement to EAR's suite of debt ...
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Article
Unisys offers staff financial education
Unisys has held financial education workshops to support staff whose jobs are at risk because of restructuring.During the sessions at the technology firm's sites in Milton Keynes and London, which were provided by JPMorgan Invest, 48 employees were given information on state benefits, and advised on how best to deal ...
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Article
BDO Stoy Hayward Investment Management launches redundancy service
BDO Stoy Hayward Investment Management (BDO) has launched a financial redundancy counselling service for companies making redundancies.The service, which integrates independent financial advice into the overall redundancy consultation process, can be structured according to employers' needs as well as and the employees that are affected. Employers can choose one or ...
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Article
Employees' financial worries affect performance at work
More than a quarter of workers do not feel in control of their finances and believe their financial worries are affecting their performance at work.According to research published by the Institute for Employment Studies, 30% of employees are concerned about their financial wellbeing, while almost 10% felt this issue had ...
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Article
Grant Thornton launches financial education for staff
Grant Thornton has launched financial education for its 4,400 partners and employees, in a bid to boost engagement with benefits.More than 900 employees attended one of the 39 seminars held at 23 office locations across the UK, ahead of the accountancy firm's flexible benefits elections, which opened in November.The seminars, ...
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Article
Financial Education Supplement
Interview with Annamaria Lusardi, professor of economic at Dartmouth CollegeTailor financial education to suit employees’ life stages Key messages to deliver to staff during a recession Educating staff about annuitiesMake the most out of workplace financial education. Discover how to educate staff with relevant, targeted lifestyle-based financial ...
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Analysis
Tailor financial education to suit employees' life stages
Segmenting the workforce to suit every stage of employee’ lives is one way of targeting financial education effectively, says Tom WashingtonIn reality, providing completely bespoke, personalised financial education for each employee is impossible, as their needs will be so varied. Offering one-to-one meetings with an independent financial adviser is the ...