All Financial wellbeing articles – Page 138
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Article
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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Analysis
Should employers focus on their staff's health or wealth?
Employers often want to ensure staff are healthy and financially secure, but they may not be able to afford to invest in perks for both, so how can they decide which of the two is most important, asks David WoodsEvery new year most of us find ourselves making the same ...
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Article
FSA targets teachers with workplace financial education initiative
The Financial Services Authority (FSA) has teamed up with the National Union of Teachers (NUT) to send out booklets containing financial tips to union members as part of its workplace financial education programme.The FSA booklet has been co-branded with the NUT and been distributed to 365,000 teachers as an insert ...
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Article
Buyer's guide to financial education
New forms of communication such as pod and webcasts are helping employers to provide generic financial education, says Nick GoldingFinancial education is used to provide information to staff about a range of personal finance issues. It is distinguished from financial advice by its generic nature and can help staff better ...
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Article
BSkyB launches financial education programme
BSkyB has launched a financial education programme with workshops, face-to-face advice sessions and online guides for its UK employee population.The step has been taken by the media firm to ensure a good return on its benefits investment, and to help staff understand financial issues both at work and home.The new ...
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Analysis
Need for financial education around stakeholder pension schemes
All too often employees in stakeholder schemes simply plump for the default investment option due to a lack of interest and knowledge, so should employers provide more education, asks David WoodsSelecting which fund to invest in through a stakeholder pension scheme can be a tricky task for many employees, particularly ...
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Article
Ford goes into overdrive on diversity and finance training
Ford has held a series of seminars on financial education, diversity and work-life issues for staff across its seven sites.Financial education presentations, run by the Financial Services Authority (FSA), have been held at a number of the car manufacturer's workplaces including its Dunton plant, which employs 3,000 staff.Brian Bennett, manager ...
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Article
Deloitte adds identity theft protection to flex
Deloitte has revamped its flexible benefits package by adding identity theft protection and Bupa health assessments to its scheme, following a successful trial of the two perks.The identity theft protection benefit is an online credit assessment programme that is designed to help employees at the accountancy firm take control of ...
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Case Studies
GSK outlines perks for staff via financial education
GlaxoSmithKline (GSK) has put in place a programme of financial education so that staff understand their benefits.Julie Skidmore, financial and education manager, says: "We are looking to get a good return on the investment we put in [in terms of recruitment, retention and motivation]. But, on the flipside of that, ...
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Analysis
Why should employers offer financial education?
reditEmployers may not always see the value in offering financial education but it can have quantifiable returns on investment, says Amanda WilkinsonFor employees, the benefits of employer provided financial education are clear as they become better equipped to make crucial decisions about their long-term future. However, some employers may well ...
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Article
Sony builds staff's health and finance know-how through sessions
Sony Pictures Entertainment has launched a programme of regular health and wellbeing and financial education sessions for staff.This will tackle different issues each month, alternating between health and financial topics. On-site health screening will be made available for staff each day this month until 12 October, while in November they ...
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Case Studies
Alliance & Leicester runs financial education seminars
Alliance & Leicester (A&L) began running financial education seminars on its share plans after the bank floated in 2000 to ensure that staff understood their potential exposure to tax liabilities and the stock market.Paul Askew, share plans manager at A&L, says: "We saw a stockpiling of shares and having far ...
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Article
Financial services industry may help fund generic financial advice
The financial services industry and the government must share the cost of funding generic financial advice, according to the Thoresen Review.Otto Thoresen's, chief executive of Aegon UK, interim report has laid down the case for national generic financial advice to be funded by both the government and the financial services ...
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Article
How to manage financial education
Preparing staff for financial schoolingProductivity gains in adding education remitA constant onslaught may influence successForm versus functionShare mechanics of perks Share mechanics of perksBill pensions as need to save so interest is boostedSwitch on to retirement as early as you canAppreciating benefitsLetting staff career aheadSome employers may query why they ...
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Article
A constant financial education onslaught may influence success
Rather than making sporadic gestures there can be real merit in providing ongoing financial education in your workplace.Employers may find that instead of providing financial education as and when the need arises, they could find that a continuous programme is more beneficial for the organisation and staff.Angus Jones, managing director ...
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Article
Axa helps staff to manage finances
Axa is helping staff to manage their finances with the launch of a new website and pilot scheme giving 425 of its employees one hour off a month to review and manage their money.It is now urging other employers to do the same with a national campaign, which will culminate ...
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Case Studies
British American Tobacco offers financial education to those in share schemes
British American Tobacco (BAT) offers financial education to those employees participating in its share schemes who are based at its London headquarters.Particular emphasis was placed on the sharesave scheme when it matured in 2006, as the share price had significantly increased in value. The HR department recognised that it needed ...
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Article
Stockmarket turbulence prompts care over pensions
Stockmarket turbulence should prompt employers to that pension schemes' assets and liabilities are well-matched, and to supply financial education.Pension scheme deficit volatility will continue despite an improving trend in funding levels, according to Mercer Human Resource Consulting's latest FTSE 350 Pension Scheme Survey.Although the de-risking of defined benefit pension schemes ...
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Article
Vodafone offers financial support to staff affected by floods
Vodafone is offering one-off interest-free loans of up to £5,000 to employees who have been seriously affected by the recent floods.The mobile phone giant is based in Newbury, Berkshire, which suffered from flooding along with the surrounding areas where a number of its staff live.The short-term loans are intended to ...
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Article
Summit news: Employers split on offering financial education
Employers were split fifty-fifty over whether it is their responsibility to offer financial education or advice to staff in a poll at the Employee Benefits Summit in Jerez.Only 37% of employers at the summit currently offer financial education or advice to employees.Harper Wright, financial capability manager for Bank of America ...