All Financial wellbeing articles – Page 135
-
Article
Alexander Forbes Financial Services offers staff mortgage advice
Alexander Forbes Financial Services (AFFS) has rolled out a free mortgage broking service for its 400 staff.The benefit, which was launched last month, provides access to free onsite mortgage advice and broking services from Charles Cameron Associates.It is funded by commission paid by mortgage lenders. David Marlow, marketing director, said: ...
-
Article
Henkel runs seminars on age discrimination
Henkel, the household goods, cosmetics and toiletries company, is running seminars for 320 managers and supervisors on the incoming age discrimination legislation. The interactive sessions also cover other changes to employment law including the Information and Consultation Directive, the Working Time Directive, and the Work and Families Bill. Attendees receive ...
-
Article
Cushman & Wakefield offers advice sessions
Cushman & Wakefield has introduced free financial advice sessions to help new staff better understand the company's defined contribution pension scheme.The amount the company contributes to the plan depends on employees' seniority, while staff can contribute as much as they wish.The sessions, provided by IFA firm Clarity, are also intended ...
-
Analysis
Worksite financial marketing
Many employers now allow financial firms to promote their products through the workplace, but does this really net the best deals for staff, asks Kirstie RedfordCase studies: Shoosmiths, Hammonds DirectArticle in fullNot every organisation can afford to provide a five-star suite of employer-paid benefits. However, simple economies of scale mean ...
-
Analysis
Take a holistic approach to financial education
Simple measures like tailoring financial education or advice to financial trigger points can heighten employees' awareness of their situation, and employers have every hope of gaining long-term buy-in to the perk, says Sam BarrettCase study: United UtilitiesArticle in fullWith financial products becoming increasingly important, but ever more complex, offering staff ...
-
Article
William Hill provides L-tip advice
William Hill provided financial advice sessions for employees with options in its long-term incentive plan (L-tip) which matured last month.The scheme, which was introduced in 2003 after the company floated, was open to around 90 staff, mainly at executive level. They were all eligible to attend the group seminar sessions ...
-
Article
Consultation on employer-provided financial advice
A consultation launched alongside the Budget is proposing more freedom for employers to advise staff on work-related financial services.Employers are currently exempt from financial promotions legislation, with regard to advising on pension schemes.The consultation document proposes extending this exemption to include pensions advice from third-party administrators of stakeholder and group ...
-
Analysis
Employee Benefits Financial Education supplement 2006: Interview
Jenny Keefe talks to Jim Dredge, programme director for the workplace arm of the Financial Services Authority's Financial Capability SchemeArticle in fullLet's be frank: most people find personal finance about as stimulating as a week in solitary confinement. Yet Jim Dredge, programme director for the workplace arm of the Financial ...
-
Article
Michelin offers retirement seminars
Michelin, the tyre manufacturer, has launched seminars for its employees approaching retirement.The company, which has a significant number of staff in the 50 plus age group, is offering the seminars to help recognise the contribution they have made to the business.Employees nearing retirement age and their partners will be invited ...
-
Article
Financial education is crucial to pensions crisis
Offering financial education in the workplace could have a significant impact on solving the pensions crisis - according to a study by Close Wealth Management.The survey of more than 300 senior managers in companies with a turnover of more than £1m found that 53% of employers provided financial education schemes ...
-
Article
JPMorgan assists retiring staff
JPMorgan is offering financial education to its employees to help them prepare for retirement and the new pensions tax simplification legislation.The offer to attend seminars has gone out to around 750 employees over the age of 50 years and those who are nearing the new £1.5m lifetime allowance, which will ...
-
OpinionGuest opinion: The importance of financial advice
Recognising that employees are different, and creating a package which contains at least one thing to appeal to everyone, is a key role for the reward function. Today’s employees are often offered a wide choice of benefits. Typically, these include: pension schemes, share schemes such as sharesave, share incentive and ...
-
Article
Staff may be gravely underestimating savings
Organisations are failing to communicate pensions effectively to staff as one-in-four employees claim not to know what type of pension scheme they belong to. This is according to a JP Morgan report Working in the dark which also revealed that many employees in defined contribution schemes (DC) are unaware of ...
-
Article
Older staff must rethink retirement date
After A-Day, retiring employees will no longer be forced to take income, such as an annuity or drawdown, at the same time as getting access to a cash lump sum.Responsible employers may want to inform retiring employees of this fact so that they can work out whether it will be ...
-
Article
Amlin runs pre-retirement workshops
Amlin, the insurance and reinsurance firm, has run its first round of pre-retirement workshops since switching to a stakeholder pension scheme.The workshops, which were run last month by Winterthur Life, are part of an ongoing communication strategy to empower Amlin's 500 pension scheme members.The contract-based Amlin Retirement Investment Scheme was ...
-
Analysis
Employer debt assistance
Debt has become a way of life in Britain, with consumers over one trillion pounds in the red. Jenny Keefe says when carefully handled, employers can steer staff back on track and help get them performing againCase Study: John LewisArticle in full"Neither a borrower, nor a lender be," counsels Polonius ...
-
Article
Nationwide raises working age
Nationwide Building Society has introduced a new policy allowing staff to continue working until the age of 75. The company increased this after surveying customer satisfaction relating to its older workers. The move follows a policy of flexible retirement introduced in 2001 allowing staff to work until age 70.
-
Article
Shoosmiths launches mortgage advice plan
Shoosmiths has introduced a mortgage advice plan to help graduates buy their first place and also cut the price of existing contracts.And the law firm has already seen a rush of enquiries from staff that want to escape bad deals. It launched the scheme last month, which allows employees to ...
-
Analysis
How are benefits providers communicating with staff?
The service provided alongside a benefit is crucial to the way it is perceived and lately, providers have developed all means of communicating with staff. It is important to understand what forms of communication staff want, says Sam BarrettCase study: Eli LillyDirectory of benefits suppliersArticle in fullWhether a benefit is ...
-
Article
P&MM launches debt advice plan
Performance & Motivation Management (P&MM) hopes to help tackle the trillion-pound consumer debt burden by providing a new financial advice service. Richard Davies, business development director at P&MM, said Lifestyle Financial Health will give employees financial advice and practical help with their money: "[We are] growing [more] indebted as a ...