News – Page 66
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ArticleMencap launches financial wellbeing programme for 6,000 staff
Learning disability charity Mencap has launched a financial wellbeing programme for its 6,000 employees.The financial wellbeing programme, provided by Neyber, was introduced on 16 April 2017. It features a range of digital and face-to-face initiatives, designed to help employees build financial knowledge and resilience.Employees can attend on-site seminars, or one-to-one ...
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Article39% are somewhat likely to provide access to a Lifetime Isa in the next five years
More than a third (39%) of employer respondents are somewhat likely to provide staff with access to a Lifetime individual savings account (Lisa) over the next five years, according to research by Willis Towers Watson.Its 2016 UK budget survey report, which surveyed 130 employers, also found that 30% of respondents ...
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ArticleFinancial Conduct Authority consults on new financial advice factsheet for employers
The Financial Conduct Authority (FCA) has launched a consultation on proposed guidelines designed to clarify the regulatory framework around financial advice, including the development of a factsheet for employers and pension trustees.The consultation is based around four of the recommendations made in the Financial Advice Market Review (FAMR), which was ...
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ArticleEXCLUSIVE: Hologic launches online financial education programme
EXCLUSIVE: Global healthcare and diagnostics organisation Hologic has introduced a new online financial education programme for its 320 UK-based staff.The financial education programme, provided by Nudge, has been launched via a series of webinars and personalised online notifications or ‘nudges’ to employees across the organisation's Crawley, Manchester, and West Lothian ...
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ArticleUnum launches online financial education programme for staff
Unum has introduced an online financial education programme for its 800 UK-based employees.The financial education programme, which was launched on 6 March 2017 and is provided by Nudge, has been implemented to align with Unum’s existing wellbeing strategy, which supports employees’ financial, emotional and physical wellbeing.The programme uses both personal ...
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ArticleBT and John Lewis Partnership shortlisted for best financial wellbeing strategy
BT and John Lewis Partnership are among the organisations that have been shortlisted in the best financial wellbeing strategy category at the Employee Benefits Awards 2017.This award, sponsored by Wealth at Work, celebrates the most effective financial wellbeing strategies that have been implemented within organisations, including the use of financial ...
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ArticleJTI launches financial education programme
Global tobacco organisation JTI has launched a new online financial education programme for its 615 UK-based staff.The financial education programme, provided by Nudge, aims to support JTI's HR strategy of remaining an employer of choice.The new programme forms part of the organisation's wider approach to employee wellbeing, and will run ...
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Article31% feel their employer is more interested in their physical than financial health
Around a third (31%) of respondents believe their employer takes a greater interest in their physical health than their financial health, according to research by Wealth Wizards.Its survey of 2,000 individuals also found that 70% of respondents feel that their physical and emotional wellbeing is negatively impacted when they are ...
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ArticleGovernment to amend definition of financial advice for regulated firms
HM Treasury is to amend the UK definition of financial advice for regulated firms from 3 January 2018.The government will amend the definition of financial advice for regulated firms so that advice is only given when providing a personal recommendation.The current wider definition for financial advice that is stated in ...
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ArticleEXCLUSIVE: Learn about the impact of financial wellbeing on long-term business growth at Employee Benefits Connect 2017
EXCLUSIVE: Gain insight into the impact of financial wellbeing on long-term business growth and productivity at Employee Benefits Connect 2017.Jeanette Makings (pictured), head of financial education at Close Brothers, will lead a session titled ‘Integrated financial wellbeing: the missing piece in future wellness strategies’ as part of the driving performance ...
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ArticleLouise’s lowdown: Building the business case to support employees with housing costs
In January 2017, the Mayor of London, Sadiq Khan, signed up the whole of the Greater London Authority (GLA) family to the Fifty Thousand Homes pledge. The Fifty Thousand Homes campaign aims to double housebuilding in London to at least 50,000 homes a year by the end of the Mayor’s ...
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Article34% are distracted by financial concerns at work
More than a third (34%) of employee respondents are distracted at work by financial concerns, according to research by MetLife UK.Its UK Employee benefits trends study 2017, which surveyed 301 employees and 600 HR representatives and decision makers in the UK, also found that more than half (54%) of employee ...
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ArticleFinancial education in numbers
A round-up of the key facts and figures relating to financial education in the workplace:49% of employee respondents feel that their employer does not do enough to support informed financial decisions on savings and investments (Source: Equiniti) bit.ly/2ev3g5o38% of UK employee respondents who work at an organisation with a financial ...
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ArticleEmployer-arranged pensions advice can be combined with pensions advice allowance
The government has confirmed that the incoming pensions advice allowance can be used alongside the tax exemption for employer-arranged pensions advice, enabling employees to access up to £1,000 of tax-advantaged financial advice in a tax year.In its response to the Introducing a pensions advice allowance consultation, which ran between August ...
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ArticleTMgroup launches financial wellbeing workshops for staff
Property organisation TMgroup has introduced financial wellbeing workshops for its 142 UK-based employees.The workshops, which are delivered by The Tonic as part of a wider employee wellbeing programme, cover topics such as how to take control of daily finances, how to cope with financial shock, emergency funds, and how to ...
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Article63% believe economic impact of Brexit will drive financial education demand
Almost two thirds (63%) of employer respondents think that the impact of Brexit on the UK economy will drive demand for financial education in the workplace, according to research by Nudge.Its Financial education yearbook 2016/17 report, which surveyed 302 employers, also found that 32% of respondents already offer financial education ...
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ArticleInfographic: How do employers deliver financial education in the workplace?
An infographic showing the tools respondents use to deliver financial education in the workplace. (Source: Employee Benefits/Close Brothers Pensions research 2016, published in November 2016).Read more in: How to encourage employees to talk about finances in the workplace.
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ArticleHow to encourage employees to talk about finances in the workplace
Need to know:Unsecured debt in UK households is at a record high.A financial education programme to address sensitive financial issues should incorporate all benefits, including employee assistance programmes (EAPs) and retail discounts.Employers can use a range of communication methods, but they must assure employees that they can discuss sensitive subjects ...
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ArticleThe top issues a financial education strategy should incorporate in 2017
Need to know:Giving employees guidance around effective retirement planning is a key issue that a financial education strategy should focus on in 2017.Financial wellbeing in the context of broader employee wellbeing is also set to continue to be a key trend.Employers will also need to consider educating staff about alternative ...
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Article25% believe money worries affect their ability to do their job
A quarter (25%) of employee respondents with money problems feel that this affects their ability to do their job, according to research by the Chartered Institute of Personnel and Development (CIPD) and Close Brothers Asset Management.The survey of 1,817 adults also found that 41% of respondents believe that being rewarded ...