All Financial wellbeing articles – Page 97
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Article66% predict borrowing and debt management as main financial wellness driver for 2018
Two-thirds (66%) of employer respondents predict that borrowing and managing debt will be the main financial wellness driver for 2018, according to research by Nudge.Its The financial wellness playbook 2018 report, which surveyed 205 UK employers, representing a total of 1,516,733 employees, also found that 92% of respondents believe that ...
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Supplier article
Don't sacrifice salary sacrifice benefits
If 2018 marks the launch or review of your employee benefits scheme, getting the right line-up of benefits and discounts is likely to be high on your list of priorities. There's more choice than ever before so what makes it into your scheme and how do you decide what to ...
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Supplier article
WEALTH at work assesses the Scottish Budget 2017
The Scottish Government has set out its spending and taxation plans for 2018 in its annual budget. Please see some of the proposed changes to income tax below;Scottish BandsBand nameScottish Rates (%)Over £11,850* – £13,850Starter19Over £13,850 – £24,000Basic20Over £24,000 – £44,273Intermediate21Over £44,273 – £150,000**Higher41Above £150,000**Top46*Assumes individuals are in receipt of ...
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Supplier articleDo employers have a duty to support their employees’ financial wellness?
By David Dodd, Consulting DirectorOur latest Employee Benefits Watch research uncovered that UK employers are struggling to keep up with employee demand for financial wellness support. This is particularly poignant in light of the Organisation for Economic Co-operation and Development (OECD) issuing a warning over increasing household debt in the ...
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Supplier article
WEALTH at work listed as one of the 5000 fastest-growing private companies in Europe
WEALTH at work, a leading provider of financial education, guidance and advice in the workplace has been listed as one of the fastest-growing private companies in Europe.The annual list by Inc. 5000 Europe recognises the private companies with the fastest-growing revenues over a three year period.Jonathan Watts-Lay, Director, WEALTH at ...
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Supplier articleIs financial wellness here to stay?
Thomsons Online Benefits’ latest research has shown that the adoption of financial wellness programmes in UK workplaces is falling short, despite there being an increased demand from employees. Download Thomsons’ latest infographic to find out how employers are starting to listen to the needs of their employees, how financial education ...
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OpinionRosemary Lemon: What does 2018 hold for employee benefits?
Life is getting hard and it looks like getting tougher in 2018 as we struggle with the potential impact of Brexit, increasing cost of living and the ever expensive property market. Recent press coverage has highlighted the escalating use of food banks and the fact that, as Christmas approaches, some ...
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Supplier articleExpectations vs reality: the widening gap in global benefits
Thomsons’ latest Global Employee Benefits Watch 2017/18 research has uncovered that employees' needs and expectations of benefits are not being met by multinational organisations.This whitepaper explores the results from Thomsons' survey of over 2,000 employees, providing HR and reward professionals with never before seen insight on:Which life goals are important ...
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ArticleTravis Perkins launches financial education programme
Building merchants Travis Perkins has launched a financial education programme for its 30,000 UK employees.The new programme, which is provided by Neyber, includes a financial wellbeing hub featuring online tools to help staff manage their financial planning, as well as any debt issues they may face. Through the hub employees ...
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ArticleEXCLUSIVE: The ACCA launches online financial education programme
EXCLUSIVE: Global professional accountancy body the Association of Chartered Certified Accountants (ACCA) has launched an online financial education programme for its 900 UK employees.The financial education programme, provided by Nudge, was introduced in November 2017 to help improve the financial wellbeing of the ACCA’s London and Glasgow-based employees.Delivering a series ...
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Supplier article
Financial education can help the UK become a nation of savers
The majority (60%) of employees want help to make the right pension and savings decisions, according to research by LifeSight.Despite this, LifeSight found that more than three quarters (77%) of employers do not currently have any plans to play a greater role in the long-term savings of their workforce, even ...
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Supplier article
Budget commentary November 2017
The Chancellor of the Exchequer, Philip Hammond, has today delivered this year’s second Budget Report.Please see our summary belowFrom April 2018, the personal allowance will increase to £11,850 and the higher rate threshold to £46,350.The ISA annual subscription limit for 2018-19 will remain unchanged at £20,000. The annual subscription limit ...
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Article
University of London faces lawsuit over collective bargaining on pay and conditions
The University of London is facing a lawsuit filed by The independent Workers Union of Great Britain (IWGB) to argue the case of broadening the trade union rights of outsourced workers.The IWGB claims that facilities management company Cordant Security, which provide a number of employees to the university, including receptionists, ...
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ArticleKeep up to date with the Autumn Budget 2017
Chancellor Philip Hammond will deliver his Autumn Budget 2017 speech at 12.30pm on Wednesday 22 November 2017.Stay tuned to the Employee Benefits website for all the latest updates on how the Autumn Budget could impact employers and staff.In the Spring Budget 2017, key announcements included: a reduction in the money ...
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ArticleEXCLUSIVE: GVA to launch online financial education programme
EXCLUSIVE: Real estate advisory organisation GVA is launching an online financial education programme for its 1,500 employees across 11 UK operating sites.The financial education programme, provided by Nudge, will be launched at the end of November 2017 to coincide with the organisation’s annual flexible benefit enrolment window. The new benefit ...
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Supplier articleThe Living Wage matters to everyone
By Kathryn Kendall, Chief People OfficerIn April 2016, Benefex became a Living Wage Employer, and to this day, I would still chalk it up as one of the proudest days of my career. To know that we took such a significant step towards improving the day-to-day lives of our hard-working ...
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Supplier article
Property deposit saving challenge impinging on millennial wealth
By Jonathan Watts-Lay, Director, WEALTH at work, a leading provider of financial education, guidance and advice in the workplaceIt’s easy to assume that with the plethora of money saving deals available for everything from utility bills to credit cards, together with the gradual relaxation of mortgage underwriting criteria, millennials have ...
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ArticleEXCLUSIVE: Hays holds pensions roadshows for 3,500 UK employees
EXCLUSIVE: Recruitment organisation Hays is holding a series of pensions-themed roadshows for its 3,500 employees across 17 of its UK sites.The pensions roadshows, which are running for two weeks from Monday 16 October 2017, form part of the organisation’s overall financial capability and wellbeing strategy. Financial wellness and money is ...
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Supplier articleTrends in the financial wellness benefits sector
By Jacqueline BenjaminMany people know the phrase employee wellbeing and are also familiar with the idea of financial benefits being offered to employees, but in recent years we have seen the growth of another buzz phrase in our industry – financial wellness benefits.The best description of a financial wellness benefit ...
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Article75% have not received employer-provided financial education
Three-quarters (75%) of employee respondents have not received financial education from their employer to help them understand what savings choices exist and what is best for them, according to research by Close Brothers and the Pension and Lifetime Savings Association (PLSA).Its The lifetime savings challenge report 2017, which surveyed 1,000 ...