All Financial wellbeing articles – Page 94
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AnalysisHow to encourage active decision-making surrounding pension investments
Need to know: Employees can self-select their pension fund, rather than remaining invested in the default option; this can help staff better tailor investments to their personal circumstances.Financial education around available pension fund options can help employees make informed, active investment decisions.Communications should be clear, simple and feature a mix ...
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ArticleAIG Life completes acquisition of insurance provider Ellipse
Insurance organisation AIG Life has completed the acquisition of Ellipse, a specialist group life, critical illness and income protection provider in the UK, following the receipt of required regulatory approval.The terms of the purchase, from German reinsurance organisation Munich Re, have not been disclosed.AIG Life now intends to distribute both ...
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Supplier articleAll you need to know about Workplace ISAs
By Neil Atkinson, Head of Proposition. In association with SmarterlyOur latest financial wellness survey found that 25% of people admit to money problems so substantial they affect their ability to do their job, with the same proportion believing they have little or no chance of saving adequately for their future. ...
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OpinionChristopher Brooks: Should employers default staff into pensions guidance?
Pension freedoms have opened up a brave new world of financial decision-making. While this can be a positive, a typical individual accessing their pension is now expected to make decisions that balance present and future spending needs, while factoring in information about complex products of which they have no previous ...
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ArticleGovernment announces workplace reforms to protect rights of modern workforce
The government has unveiled plans for a range of workplace reforms designed to improve the rights of workers on zero-hour contracts, agency employees and those working in the gig economy.Business secretary Greg Clark said: "Today's largest upgrade in workers' rights in over a generation is a key part of building ...
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Supplier articleFinancial wellbeing and mental health: A vicious cycle
According to research by Neyber, financial issues are the biggest worry for employees over anything else. Having help and procedures in place as well as preventative measures should therefore be a top priority for companies.But, it goes further than just financial worries. Having financial trouble can lead to further psychological ...
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Supplier article3 ways to support your employees with their financial anxiety
What is financial anxiety and how does it affect you as an employer? Financial anxiety encompasses anything related to an individual’s financial wellbeing that causes them to worry. With a fall in real wages and many employees facing unexpected expenses, it’s no surprise that 30% of UK employees are worried ...
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Supplier article
Financial wellness: ‘Tis the season to help your employees
Christmas is not just about decking the halls with boughs of holly, it can also be a time of financial worry. When it comes to buying presents, copious amounts of food and of course, a new outfit for the work party, the pressure to splash the cash at Christmas has ...
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ArticleAdvertised salaries show 3.9% year-on-year rise for October 2018
Advertised salaries have risen year-on-year for the first time in six months, showing a 3.9% increase in October 2018 when compared with the corresponding 2017 figures, according to the latest monthly report from job search engine Adzuna.Andrew Hunter, co-founder of Adzuna, said: "It's hopeful that real wages are on the ...
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ArticleTSB signs TUC's Dying to Work charter in support of terminally ill workers
Banking organisation TSB has become a signatory of the Dying to Work charter, developed by trade union body the Trades Union Congress (TUC) as part of a campaign to support employees living with terminal illness.The charter asks employers to be supportive and understanding of staff following diagnosis, and to provide ...
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ArticleCentral Florida Bakery pays $28,055 in back wages and damages
Sandford-based organisation Central Florida Bakery has paid $28,055 (£22,227.98) in back wages and liquidated damages to 18 employees, due to violations of the US Fair Labor Standards Act (FLSA).The employer's breaches of the minimum wage, overtime and recordkeeping provisions of the FLSA were uncovered following an investigation by the Wage ...
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ArticleISS workers at South London and Maudsley NHS to receive 2.3% pay award
Members of the trade union GMB working for healthcare management services organisation ISS at the South London and Maudsley NHS Foundation Trust (SLAM) are to receive a pay award of 2.3% following a vote for strike action.In a ballot that closed on 12 November 2018, GMB members voted 98.8% in ...
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Supplier articleFinancial wellbeing: Money worries in the workplace
Money worries can have a devastating effect on employees – not just on their personal life, but also at work. Financial difficulties can naturally cause people to feel stress, leading to depression and loss of sleep.The knock-on effect of this can seriously affect a person’s ability to concentrate and do ...
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ArticleStrike called off as Shelter employees accept 4% pay increase
Employees of housing and homeless charity Shelter have called off strike action scheduled to start today (11 December 2018) after accepting an improved pay offer of 4%.The 72-hour strike was originally called by more than 400 workers, members of the trade union Unite, after rejecting an offer of 1%. This ...
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ArticleEXCLUSIVE: 54% are concerned about decision-making when accessing pension benefits
EXCLUSIVE: Uncertainty about how to make the best decisions when accessing pension benefits topped the list of employees’ concerns regarding retirement, cited by 54% of respondents in research conducted by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018 garnered 246 responses and was published in December 2018. ...
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ArticleTwo-fifths of organisations have established a culture of wellbeing in 2018
Two-fifths (40%) of organisations believe they have achieved a culture of wellbeing in 2018, compared with a third (33%) in 2016, according to a study by HR and benefits adviser Buck.The report, Working well: a global survey of workforce wellbeing strategies, surveyed 252 organisations across 56 countries, and found that ...
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ArticleProfessional Santas in US earn up to $20,000 a year
Something for the weekend: professional Santas accrue earnings of up to $20,000 (£15,644) in a year, according to a recent article on US news and opinion website Vox.Baltimore-based Santa Brian Marchetti told author Zachary Crockett that he gets around 110 gigs over the holiday season, working the circuit of corporate ...
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ArticleHodge Jones and Allen launches employee ownership trust
Law organisation Hodge Jones and Allen (HJA) has transferred to an employee ownership trust (EOT).Sole remaining founding partner Patrick Allen said he decided to create the EOT so that the solicitors' ethos of helping people would continue and all of the staff could benefit.The move is apart of a succession ...
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ArticleMore than a third of parents take unpaid leave to care for sick children
More than a third (36%) of parents are having to take unpaid leave from work to look after sick or injured children, according to research commissioned by benefits provider MetLife UK.The survey of 1,209 working adults, carried out by Consumer Intelligence in July 2018, also found that 44% of parents ...
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ArticleParadise Granite ordered to pay $134,097 in back wages and liquidated damages
Alabama-based countertop installation organisation Paradise Granite has been ordered to pay $134,097 (£104,639.91) in back wages and liquidated damages to 22 employees, due to violations of overtime and recordkeeping provisions of the Fair Labor Standards Act (FLSA).The violations were uncovered by an investigation by the Wage and Hour Division (WHD) ...