News – Page 63
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ArticleLorraine Harper: Should employers encourage taking retirement sabbaticals?
The cliff edge of retirement can have a dramatic effect on personal wellbeing and self-worth, so a gradual move is a good way to ease into a different lifestyle, probably on a lower income.The concept of winding down to retirement is not new. Traditionally, this has taken the form of ...
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ArticleA third of employers have the appetite to pay for employees' financial advice
A third (33%) of organisations have the appetite to pay for financial advice for their employees in 2018, according to corporate advisory firm Chase de Vere and research organisation Lightbulb.Their research, which involved phone calls with 10,000 UK employers and in-depth interviews with 300 senior HR decision makers from organisations ...
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ArticleTGI Friday's employees commence fifth strike over tip and pay policies
Workers at American restaurant chain TGI Friday's who are members of the union Unite have begun strike action today (24 August 2018), in continuation of a dispute regarding tips and minimum wage.The strike is being undertaken by employees at restaurants in Milton Keynes, Covent Garden and Stratford City. Protests will ...
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ArticleKavitha’s keynote: Is money on everyone's minds?
New research has revealed that nearly half of businesses have no financial wellbeing strategy in place to help staff. And, although 84% of those surveyed recognise there is a need education and guidance around money, 60% do not offer any form of guidance for their workforce.The study by pensions and ...
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ArticleHalf of employers do not have a financial wellbeing strategy
Almost half (49%) of employers do not have a financial wellbeing strategy in place for their employees, according to research by pensions and investment consultancy Barnett Waddingham.Beyond Pensions: Pension and the Provision of Wider Financial Wellbeing, an Employer’s Perspective, which surveyed 200 UK organisations and 43 of the firm’s client ...
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ArticleEXCLUSIVE: Samsung extends financial education to employees in Ireland
Exclusive: Multinational technology organisation Samsung has launched an online financial wellness programme for its 40 employees in Ireland.Samsung first launched online financial wellness support, in partnership with Nudge, for its 1,400 UK-based staff in February 2016. As of 24 July 2018, the organisation has extended this to those in its ...
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ArticleEXCLUSIVE: Equifax launches online financial education programme
EXCLUSIVE: Credit reporting agency Equifax has launched online financial education for its 800 UK-based employees.The programme, provided by Nudge, was launched on 10 July 2018 as part of Equifax's wider wellbeing programme, which is being implemented over 2018 and 2019. Called 'AtYourBest', the programme caters to employees based across Equifax's ...
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ArticleEXCLUSIVE: City and Guilds Group launches online financial education
EXCLUSIVE: Skills development organisation the City and Guilds Group has launched an online financial education programme for its 900 UK-based employees.The new programme, provided by Nudge, was implemented on 11 June 2018. It was designed to align with the organisation's key business purpose of developing individual skills and capabilities; the ...
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ArticlePoll: 50% believe employers are responsible for providing pre-retirement guidance
Employee Benefits poll: Half (50%) of respondents believe that employers should shoulder the main responsibility for providing pre-retirement financial guidance to employees.A straw poll of www.employeebenefits.co.uk readers, which received 70 responses, also found that 34% of respondents feel employees should take the primary responsibility for sourcing their own financial guidance ...
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ArticleForeign and Commonwealth Office launches new financial tool for 12,500 employees
The Foreign and Commonwealth Office (FCO) has launched an online financial tool as part of an updated financial wellbeing offering to staff.Money Wizard, which launched on 4 June 2018, was created by Wealth Wizards, and is designed to help and support the financial wellbeing of the FCO's 12,500 employees.The Money ...
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Article30% admit that financial worries are their biggest concern
Financial worries are rife among UK employees, with 30% admitting this is their greatest concern. However, most employers believe that workers are more worried about work-life balance (44%) or workload (33%), according to research by financial wellbeing provider Neyber.The DNA of Financial Wellbeing, Book One, published by Neyber in July ...
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Article6% of employers provide debt consolidation as part of benefits package
Less than one in 10 (6%) of respondents state that their employer provides debt consolidation via workplace lending and counselling services as part of their employee benefits package, according to research by Thomsons Online Benefits.It surveyed 2,000 UK employees working in private sector organisations with more than 500 staff, and ...
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ArticleCo-op launches payroll loan benefit for 63,000 staff
Retail organisation Co-op has launched a payroll loan benefit for 63,000 UK employees to help staff mitigate the potential financial stress caused by high-cost borrowing and personal debt.The benefit, provided by Neyber, was introduced in June 2018 to provide eligible employees with access to a loan scheme where repayments are ...
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ArticleEXCLUSIVE: 34% state cost prevents employers from offering pre-retirement financial guidance
EXCLUSIVE: More than a third (34%) of employer respondents do not offer pre-retirement financial guidance because of the cost, according to research by independent financial and corporate advisers Chase de Vere and independent research organisation Lightbulb.Their survey of 300 senior HR decision makers also found that 42% of respondents believe ...
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ArticleEXCLUSIVE: Capgemini UK to launch online financial education programme
EXCLUSIVE: Consulting and technology organisation Capgemini UK is going to launch an online financial education programme for its 9,000 employees based across 14 operating sites in the UK.The programme, provided by Nudge, will launch on Wednesday 27 June 2018, and aims to enhance the organisation’s overall wellbeing strategy. Capgemini UK ...
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ArticleEXCLUSIVE: Unum extends online financial education to 130 Ireland-based staff
EXCLUSIVE: Employee benefits provider Unum has extended its online financial education programme to 130 employees based at its Carlow operating site in Ireland.The programme, provided by Nudge, was introduced at Unum Ireland on 21 May 2018 as part of the organisation’s overall global strategy. This seeks to create an organisational ...
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ArticleEXCLUSIVE: Octopus Group sees 15% take-up of financial coaching benefit
EXCLUSIVE: Investment organisation Octopus Group has seen 15% of its 700 UK employees take up a financial coaching benefit in the first four weeks since it launched in March 2018.The benefit, provided by Hatch, was introduced to help employees improve their financial confidence, as a poll conducted in March 2018 ...
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ArticleEXCLUSIVE: Virgin Atlantic launches online financial education programme
EXCLUSIVE: Airline organisation Virgin Atlantic has launched an online financial education programme for its 9,500 UK-based staff, including Virgin Holiday employees.The programme, provided by Nudge, was implemented on 1 May 2018 to form part of Virgin Atlantic’s overall wellbeing strategy, called Working Well, Living Better. The wellbeing strategy focuses on ...
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ArticleJohn Lewis Partnership launches housing rental benefit for 85,500 staff
Retail organisation John Lewis Partnership has launched a property rental benefit for its 85,500 John Lewis and Waitrose employees, in order to support staff financial wellbeing.The new benefit, provided by Canopy, was introduced on 18 May 2018 and enables employees to rent accommodation without a cash deposit, as well as ...
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ArticleInchcape introduces tool insurance for vehicle technicians across the UK
Automotive retailer Inchcape UK has updated its benefits package to include personal tool insurance for its 1,000 vehicle technicians, working across more than 100 centres around the UK.The new provision, introduced on 1 May 2018, gives technicians the opportunity to be included, free of charge, in the additional benefit of ...