All Financial wellbeing articles – Page 95
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Supplier articleWhy employers should help employees with their savings
Many people aren’t sure where to turn for financial advice, and that’s where their employers come in. In the UK people are becoming increasingly frustrated with low savings interest rates. Furthermore, people are struggling to get on the property ladder, in large part due to increasing house prices, but in ...
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ArticleEmployers report pay increase expectations of just 2% for the year ahead
According to the autumn 2018 Labour market outlook report by the CIPD and the Adecco Group, employers report median basic pay increase expectations of just 2% for the period up to September 2019.The report, for which YouGov polled 1,002 HR professionals in September 2018, found that almost half (48%) of ...
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ArticleComputershare acquires employee share plan administrator Equatex
Employee share plan provider Computershare has completed the acquisition of Zurich-based Equatex from Montagu Private Equity, following regulatory approval.Equatex, which has over 220 employees, provides a range of employee share plan administration services for more than 160 clients, administering around $40 billion (£31.1 billion) in assets.The organisation manages deferred equity ...
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Case StudiesEquifax develops wellbeing approach to enhance employment proposition
Global credit reference agency Equifax launched an online financial education programme in June 2018 to kick start an overall wellbeing strategy for its 800 UK employees.This strategy was designed, in part, to help address the current business challenges Equifax is facing; namely, the attraction and retention of talent in an ...
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Case StudiesThe benefits offered by Equifax
The benefits offered by Equifax:Pension and group riskDefined contribution, salary sacrifice pension scheme for all employees. From April 2019, those contributing 3% into their pension direct from salary will receive a 5% contribution from Equifax; if employees contribute 4%, Equifax will contribute 6% and if they contribute 5%, it will ...
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ArticleScottish council workers reject offer of 3% pay increase by COSLA
Scottish council workers have rejected the offer of a 3% pay rise for those earning less than £80,000 a year.Members of the Unison, Unite and GMB unions have all turned down the deal from the Convention of Scottish Local Authorities (COSLA).A Unison consultative ballot saw 79% of those taking part ...
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ArticleOxford City Council announces living wage rise to £10.02 an hour
Oxford City Council has announced that the Oxford hourly living wage will rise from £9.69 to £10.02 in April 2019.The Oxford living wage is the minimum rate paid by the council to its workers, including agency staff. Any contractors who have contracts worth more than £100,000 are also expected to ...
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ArticleZurich launches new employee benefits and portal for 5,000 UK staff
Insurance organisation Zurich has updated its employee benefits offering for 5,000 UK employees, as well as launched an employee benefits portal to better support the organisation’s agile working culture and multigenerational workforce.The new portal, called Indigo, was introduced on 7 November 2018 for the organisation’s UK-based staff. Provided by Thomsons ...
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ArticleMoneysupermarket Group signs up to voluntary living wage
Image credit: Jefferson SmithPrice comparison organisation Moneysupermarket Group has been accredited by the Living Wage Foundation for paying all colleagues and regular contracted staff at or above the voluntary living wage.New rates for the voluntary living wage were announced on 5 November, set at £9.00 an hour for employees working ...
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ArticlePoll: Half do not believe Morrisons should be held liable for data breach
Employee Benefits poll: Half (50%) of respondents think that Morrisons should not be held partly liable for the data breach of its employees' payroll information.Last month the supermarket chain lost a challenge to a High Court ruling in December 2017 that found it vicariously liable for a data breach leading ...
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ArticleUS Department of Labor sues Mosluoglu Inc over wage violations
The US Department of Labor has filed a lawsuit against Mosluoglu Inc, the operator of the Empire Diner and Restaurant in Lansdowne, Pennsylvania, over violations of the federal minimum wage, overtime and record-keeping provisions of the Fair Labor Standards Act (FLSA).The legal action against the employer and its principals follows ...
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ArticleFinancial problems affect mental wellbeing of 55% of SME senior managers
Financial problems have had a negative impact on the mental wellbeing of over half (55%) of senior managers in small to medium enterprises (SMEs), according to research on behalf of merchant banking organisation Close Brothers Invoice Finance.A GMI survey of 900 SME owners and business managers across the UK and ...
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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 ...