All Financial wellbeing articles – Page 90
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VideoSpotlight on Wealth at Work: Why is it important to have a financial wellbeing strategy in place?
In this six minute video, Jonathan Watts-Lay, director of Wealth at Work, discusses financial wellbeing strategies and their implementation. His interview with Kavitha Sivasubramaniam, editor of Employee Benefits, covers the following topics:Why is it important for organisations to have a financial wellbeing strategy in place?Why is it important to consider ...
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ArticleKavitha Sivasubramaniam: Adopting a holistic approach to emotional wellbeing
As our Emotional Wellbeing Week, in association with Aon Employee Benefits, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.Research has revealed that as many as 526,000 employees in the UK experienced stress, depression or ...
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Supplier articlePodcast: How do financial worries impact wellbeing?
The industry’s first and only podcast series is back, delving deeper into what employers need to do to rise to the top of the market with their benefits programme, and stay there! Listen to our industry experts break daunting subjects down into easy-to-understand, bite-sized nuggets, with top ...
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Supplier articleBudget commentary 2018
The Chancellor of the Exchequer, Philip Hammond, has today delivered this year’s Budget Report. Please see our summary below.Pension DashboardsThe government is taking steps to support the launch of Pensions Dashboards, innovative tools that will for the first time allow an individual to see their pension pots, including their State ...
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ArticleOne third admit that retirement is not part of current financial planning
Nearly half (46%) of working people in the UK say their biggest fear for the future is not having enough money in retirement, but almost a third (30%) admit retirement is not part of their current financial planning, according to research by Punter Southall Aspire.The survey of over 2,000 workers ...
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ArticleGig economy workers strike as Uber’s employment status case hits the Court of Appeal
Individuals who work within the gig economy are undertaking a two-day march on Tuesday 30 and Wednesday 31 October 2018, to align with transportation organisation Uber contesting the result of its employment status case at the Court of Appeal.In October 2016, the Employment Tribunal (ET) ruled in the case of ...
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Supplier articlePodcast: What is financial anxiety and who does it impact?
The industry’s first and only podcast series is back, delving deeper into what employers need to do to rise to the top of the market with their benefits programme, and stay there! Listen to our industry experts break daunting subjects down into easy-to-understand, bite-sized nuggets, with top ...
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ArticleGovernment announces DC pensions investment drive for business growth
Autumn Budget 2018: The government will support defined contribution (DC) pension funds to invest in growing UK organisations and start-ups through the British Business Bank, according to the Autumn Budget 2018 statement.The British Business Bank is the government’s UK-wide economic development bank aimed at making finance markets work more effectively ...
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ArticleEmployment allowance access restricted to smaller employers
Autumn Budget 2018: Access to the employment allowance (EA) will be restricted to employers with a national insurance contributions (NICs) bill below £100,000 in the previous tax year, chancellor Philip Hammond revealed in the Autumn Budget 2018.The EA allows employers to claim back class 1 NICs of up to £3,000 ...
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ArticleGovernment to introduce 2% digital services tax in 2020
Autumn Budget 2018: From April 2020, the government will introduce a new 2% digital services tax on large organisations, Chancellor Philip Hammond has announced in his 2018 budget.The tax will apply to revenues generated from search engines, social media platforms and online marketplaces where activities are linked to the participation ...
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AnalysisPensions versus other workplace investments: what are employees' options?
Need to know:Pensions are still viewed as the primary workplace savings vehicle for employees, but other tools include the corporate Individual savings account (Isa) or the Lifetime individual savings account (Lisa).The Pension Freedoms Act has made pensions more accessible and potentially more desirable as a savings vehicle, but employees may ...
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Case StudiesMott MacDonald offers range of financial benefits to help employees save
The Mott MacDonald Group is a global engineering, management and development consultancy with 16,000 employees across 150 countries, and a headquarters in the UK. It is one of the largest employee-owned organisations in the world.Mott MacDonald has a defined contribution (DC) pension scheme for all UK staff; this is a ...
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ArticleOff-payroll working reforms to be extended to private sector
Read more updates on the Autumn Budget 2018 in Tuesday’s Daily News emailAutumn Budget 2018: The government is to extend reforms to the taxation of off-payroll working to the private sector, Chancellor Philip Hammond (pictured) has announced in his 2018 budget.The changes to the rules, known as IR35, have already ...
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ArticleGovernment to increase tax-free personal allowance to £12,500
Read more updates on the Autumn Budget 2018 in Tuesday's Daily News emailAutumn Budget 2018: The government has today (29 October 2018) announced a commitment to increase the tax-free personal allowance to £12,500 and the higher-rate threshold to £50,000 in April 2019.The current personal allowance stands at £11,850, and the ...
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ArticleLloyds Banking Group ordered to equalise pensions for men and women
The High Court has ruled that Lloyds Banking Group must equalise its guaranteed minimum pensions (GMP) for men and women, in a landmark judgment that could cost major pension schemes £15 billion.The case relates to GMP schemes that ran between 1990 and 1997 for members who contracted out of the ...
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Supplier articleInfographic: Why UK employers should lend a helping hand
UK employees are lost when it comes to their finances. With an insufficient understanding of their own money, and a complex financial market to navigate, many employees lack confidence that they can meet their own living costs.If you’re concerned about the financial health of your employees, check out Thomsons Online ...
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ArticleWorkchain staff fined and sentenced for illegal pension opt-outs
Directors and senior staff at Derby-based recruitment organisation Workchain have received suspended prison sentences, and have been ordered to pay more than £280,000 in fines for plotting to illegally opt workers out of their pension scheme.Owners and directors Phil Tong and Adam Hinkley encouraged five senior Workchain staff members to ...
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AnalysisIn numbers: Financial worries among UK employees
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ArticleTwo-thirds of employees feel benefits package is not applicable to them
HR professionals in large UK organisations tend overestimate employee satisfaction with rewards and benefits programmes, according to a report by Hawk Incentives.Surveys in September 2018 by Sapio Research, which canvassed 500 employees and 103 HR professionals, revealed that around half of employees (52%) said they are happy with the benefits ...
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ArticleEnterprise Rent-A-Car announces new benefits for working parents
UK employees of Enterprise Rent-A-Car are to receive a new family support benefits package through a partnership with childcare search organisation Parental Choice.The range of benefits, available to Enterprise Rent-A-Car's 5,000 UK-based employees from the end of November 2018, includes an interactive nursery search. Designed and implemented by Parental Choice, ...