All Financial wellbeing articles – Page 86
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ArticleAlmost two-fifths of employers do not view financial wellbeing strategies as a priority
Almost two-fifths (37%) of employer respondents that have no plans to implement a financial wellbeing strategy for staff state that this is because it is not a priority, according to research by Close Brothers Asset Management.Its Financial wellbeing index 2019 report, which surveyed 1,003 employers with 200 or more staff ...
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ArticleEXCLUSIVE: The majority of employers do not currently offer a Lisa
EXCLUSIVE: Most employers (78%) do not currently offer a Lifetime individual savings account (Lisa), according to research by Employee Benefits and Barnett Waddingham.The report, Employee Benefits/Barnett Waddingham pensions research 2018, which was published in December 2018 and gathered 246 responses, fount that only 3% of organisations offer employees a Lisa, ...
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ArticleEXCLUSIVE: A third of employers provide financial education in-house
EXCLUSIVE: Approximately one-third (35%) of respondents provide financial education via internal departments or resources, according to research by Employee Benefits and Barnett Waddingham.Published in December 2018, the Employee Benefits/Barnett Waddingham pensions research 2018 report gathered 246 responses, and found that there have been substantial changes when it comes to the ...
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ArticleHalf of employers think that staff financial wellbeing is not their responsibility
Around half (51%) of employer respondents think that staff financial wellbeing is not their responsibility, according to research by pension and investment organisation Aegon.The survey, which canvassed the views of 505 UK HR decision-makers, also found that 45% feel they would be intruding on the personal lives of their employees ...
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Case StudiesBromford uses trust-based working as foundation for holistic reward package
Affordable housing social enterprise Bromford uses a holistic benefits package to empower its 1,800 employees to plan for the future, as well as looking after their health, finances and work-life balance in the present.A key element of this approach is the organisation's commitment to allowing its workforce, which includes field ...
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ArticleEXCLUSIVE: Risk and Business Analytics opens wellbeing hub for 800 UK staff
EXCLUSIVE: Global data and analytics organisation Risk and Business Analytics (RBA), part of Relx Group, has launched a dedicated wellbeing hub for 800 employees based at its UK headquarters in Sutton.The Living Well Hub, which was officially opened on Monday 14 January 2019, aims to help employees focus on their ...
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ArticleEmployee wellness 2019
Click to download Employee wellness 2019Employee wellness 2019 is aimed at helping compensation, reward and benefits professionals understand the key issues driving current wellbeing strategies, as well those shaping future provision.This report looks at the key areas of psychological wellbeing, physical health, financial wellness and motivation and engagement, through the ...
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ArticleEXCLUSIVE: Only two-fifths of employers offer at-retirement support
EXCLUSIVE: Only around two-fifths (39%) of employers offer at-retirement support, according to research conducted by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which gathered 246 responses and was published in December 2018, found that this is consistent with previous years, as 40% of respondents provided this ...
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Case StudiesAddison Lee to launch new values as part of wider benefits roadmap
Transportation service Addison Lee is launching five organisational values in February 2019, as part of a wider strategy to reinvigorate benefits and reward for its 1,600 global employees.The new values have been decided by the leadership team and are going to be introduced to help shape the organisation’s culture, as ...
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ArticleUnite members accept revised pay offer from Offshore Contractors Association
The trade union Unite has announced that its 25,000 members covered by the Offshore Contractors Association (OCA) have accepted a revised pay offer, following recommendations by the union and its OCA shop stewards.The OCA represents contractor organisations involved in a range of activities in the UK’s offshore oil and gas ...
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Supplier articleThe building blocks of an effective financial wellbeing strategy
Nearly half (46%) of all UK adults rate their own knowledge about financial matters as low and almost a quarter (24%) have little or no confidence in managing their money. The impact of this is clearly being felt in the workplace with research finding that employers believe that financial worries ...
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ArticleMeadow Foods employees set for four-day strike over 2% pay offer
Employees at dairy-based ingredient supplier Meadow Foods' factory in Holme-on-Spalding-Moor are set to strike for four days over a 2% pay offer for the year starting July 2018.Staff at the East Yorkshire chocolate crumb manufacturer are due to walk at 6pm on 12 January until 6pm on 15 January, affecting ...
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ArticleEXCLUSIVE: 57% of employers support staff at retirement using online modelling tools
EXCLUSIVE: When it comes to methods of providing at-retirement support, financial education and awareness campaigns have seen huge leaps in popularity since 2017, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which canvassed the views of 246 respondents and was published in December ...
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ArticleBradford-based accounts manager admits workplace pension offences
Bradford-based accounts manager Mansoor Nasir will be sentenced for workplace pension offences after pleading guilty to nine charges of knowingly or recklessly providing The Pensions Regulator (TPR) with information that was false or misleading.The offences, under section 80 of the Pensions Act 2004, involved workers at the Akbar chain of ...
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ArticlePolice staff in England and Wales vote in favour of 2% pay deal
Following a consultation that took place in December 2018, police staff in England and Wales belonging to the unions GMB, Unison and Unite have voted to accept a pay offer that includes a 2% pay rise.The pay deal will now be implemented by forces in the two countries, and will ...
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ArticleCIMB offers six months' paid maternity leave for first-time mothers
Kuala Lumpur-based banking organisation CIMB has announced that it will now be offering six months' paid maternity leave for its employees in Malaysia who become first-time mothers.Eligible staff members will be able to take up the benefit from 30 days prior to their estimated due date. CIMB also provides employees ...
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ArticleHSBC gender pay gap increased to 61% in 2018
The gender pay gap at banking organisation HSBC has grown from 59% in 2017 to 61% in 2018, according to its latest update.The 2017 figure already marked HSBC out as the employer with the largest disparity between male and female employees' pay among UK banks.The latest report means that female ...
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ArticlePension cold calling to result in enforcement action and £500,000 fine
Organisations making unwanted, unsolicited phone calls to individuals regarding their pensions could face enforcement action, including fines of up to £500,000, under legislation that comes into force today (9 January 2019).Research conducted by the Money Advice Service in October 2015 found that there might be as many as 250 million ...
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ArticleEXCLUSIVE: Three launches online financial education for 4,600 staff
EXCLUSIVE: Telecommunications organisation Three has launched an online financial education programme for its 4,600 UK-based employees in order to enhance its wider wellbeing strategy.The new financial education initiative, provided by Nudge, was implemented on 30 November 2018 for employees based at Three's head offices in Maidenhead, Glasgow and Reading, as ...
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ArticleEXCLUSIVE: Two-fifths expect internal HR teams to provide at-retirement support
EXCLUSIVE: The largest proportion of employers (40%) place the responsibility for providing at-retirement support at their HR, benefits, reward and learning and development teams, according to research by Employee Benefits and Barnett Waddingham.However, the Employee Benefits/Barnett Waddingham pensions research 2018, which gathered 246 responses and was published in December 2018, ...