All Financial wellbeing articles – Page 138
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Kent County Council offers financial tips
Kent County Council has run a pilot financial education programme with a view to rolling out the service to all its 46,000-strong workforce.The seminars, held in Maidstone, were conducted by the Financial Services Authority and were attended by about 160 council staff.The council held the seminars to provide staff with ...
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Home Retail Group launches financial education
Home Retail Group has launched financial education for staff in association with the Financial Services Authority (FSA) to help employees make the most of their money.The firm held presentations last month at nine of its distribution centres as well as at its head offices in Milton Keynes and Wallington. More ...
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Employers likely to help staff with finances
Employers are likely to take a greater role in the future in helping employees with their personal financial planning, according to research by Watson Wyatt. Of the 70 large UK private-sector employers surveyed for The future of retirement savings report, due to be released in full in July, almost three-quarters ...
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Analysis
Supporting staff in times of crisis with perks
Financial, health or family-related crises can affect employees at work, and employers need to have support mechanisms in place, says Sam BarrettThe impact of the credit crunch on businesses has been well documented, but the problems it raises for employers could go much further than their bottom line. Many employees ...
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Financial education supplement 2008: Pensions tutoring vital for staff
This article is brought to you by our sponsor JPMorgan INVEST.UK companies are still not offering their employees adequate and correct pensions guidance to help them in their decision making - especially at the point of retirement so that they fully understand their retirement options.The message is clear from much ...
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Analysis
Greater onus on employers to look after staff needs
In the early 19th century, entrepreneur Robert Owen inherited a large mill in New Lanark, Scotland. The factory and surrounding area was overpopulated by thousands of workers from the slums and workhouses of nearby Glasgow and Edinburgh, so Owen, finding the conditions to be unacceptable, took the radical step of ...
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Cambridge University Press launches financial education seminars
Cambridge University Press has provided employees with the opportunity to attend financial education seminars around its stakeholder pension scheme, in order to enable them to make informed decisions around saving for the future.The provider of its defined contribution (DC) stakeholder pension scheme, Norwich Union, visited the firm's workplace five times ...
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Staff need financial education to make the right decisions about their future
This article is brought to you by our sponsor JPMorgan INVEST.UK employers are failing to explain to workers the extent of their retirement options, but adequate guidance can be given through financial education, says David Cassidy, chief executive officer, JPMorgan INVESTUK companies are still failing to offer their employees adequate ...
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Analysis
Tax break around pensions advice divides opinion
The tax break on independent pensions advice worth up to £150 per employee a year may seem appealing, but does it go far enough, asks Stephanie SpicerStaff are increasingly looking to their employers to provide them with information about their pension scheme. However, communicating the way a pension works is ...
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Analysis
Otto Thoresen on his review into generic financial advice
Sarah Coles questions Otto Thoresen on his bid to bring financial education to the massesThere are two things that everyone knows about their finances. Firstly, they are far too complicated to understand, and, secondly, anyone who offers you help to get to grips with them is not to be trusted.It's ...
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Case study: Siemens uses modelling tools for pension education
Technology giant Siemens made extensive use of modelling tools last year when it moved from an array of final salary pension schemes to a defined contribution pension plan and took steps to standardise the way pension contributions were calculated.The change affected around 6,000 of Siemens UK's workforce, which numbers over ...
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Analysis
Focus on delivery as much as cost in delivering financial education
When planning a financial education programme, employers must base their decisions on more than cost, and also look at how best to deliver information to staff, says Kirstie RedfordWhile a lack of financial know-how among employees can often result in a failure to fully appreciate the value of the benefits ...
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Financial education supplement
Otto Thoresen on his review into generic financial advice Focus on delivery as much as cost in delivering financial educationModelling tools help staff to understand perksTax break around pensions advice divides opinionSponsor's commentFinancial education is such an important issue that the government last year commissioned Otto Thoresen to review the ...
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Analysis
Modelling tools help staff to understand perks
Modelling tools can help staff understand their benefits and encourage them to act on money matters, but they will require additional support, says Sonia SpeedyBoosting employee interest in their personal finances and workplace perks can seem like a Herculean task. But increasingly sophisticated modelling tools are helping to ease this ...
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Free financial advice service unveiled
The blueprint for a national free financial advice service has been set out in the final report of the Thoresen Review of Generic Financial Advice, published today.This includes an emphasis on the workplace as an avenue for delivering financial advice.The report recommends that a national money guidance service is put ...
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NAPF Investment Conference: Employers with DC pensions told to limit fund choice
Employers with defined contribution (DC) schemes have been told to limit fund choices to a small number and to provide effective financial education to help employees get to grips with their necessary investment decisions.Alistair Byrne, senior lecturer in finance at the University of Edinburgh, told delegates at the National Association ...
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Ernst & Young offers financial education
Ernst & Young has invited all its UK employees who are part of its defined contribution (DC) arrangement to attend financial education workshops in May.There will be two workshops, with one short session that will look at the mechanics of the firm's DC scheme and a longer, half-day session that ...
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Analysis
Spell out perks
In the fast-moving world of benefits, misconceptions have arisen around the definition of some perks, which require clarification, says David WoodsWhen people communicate, it is not just about the words that they use that helps others to understand their meaning. More than half (55%) of what an individual means to ...
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Aviva launches financial education
Aviva has launched a financial education programme to ensure staff have a good understanding of their financial benefits and to improve take up of these perks. The scheme, which will run until 2009, is also intended to ensure staff have a good overall financial literacy.Up to three sessions will run ...
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Best Practice from Thought Leaders: financial education
Jonathan Watts-Lay, director at JPMorgan INVEST, says that without financial education there is a good chance that employees will miss out on a whole host of money saving opportunitiesClick to download the Financial Education Whitepaper (115 KB)Sponsored by