News – Page 68
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Article21% are concerned about the performance of their workplace pension scheme
More than a fifth (21%) of respondents are concerned about how their workplace pension scheme has performed over the past two years, according to research by employee benefits organisation Portus Consulting.Its survey of 1,043 UK employees also found that 27% of respondents would welcome guidance on retirement planning from their ...
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ArticleCurrent government consultations could impact employee benefits strategies
A round-up of current government consultations with a bearing on employee benefits:Tax-efficient benefitsHM Revenue and Customs has launched a consultation to examine the potential impact on employers and employees should the government change the way the benefits code applies when a benefit in kind (BIK) is provided in conjunction with ...
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Article65% expect their employer to provide guidance on benefits
Almost two-thirds (65%) of respondents expect their employer to provide guidance on the employee benefits available to them and how appropriate each benefit is for them and their family, according to research by Capita Employee Benefits.Its Employee insight report 2016-17, which surveyed 3,006 UK employees, also found that 69% of ...
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ArticleLaw firm BLM to introduce online retirement planning tool for staff
Law firm BLM is to introduce an online retirement planning tool for its 1,700 employees.The tool, provided by Portus, enables staff to calculate their retirement income and see how this could change in different scenarios, helping employees to plan for their retirement.The launch follows a review of BLM’s benefits package ...
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ArticleEXCLUSIVE: Ben Group launches pensions engagement platform for staff
EXCLUSIVE: TV and film advertising organisation Brand of Entertainment Network Group (Ben Group) has launched a new pensions engagement platform for staff.The online investment strategy platform, provided by Wealth Wizards and launched in September 2016, gives Ben Group's 32 employees access to online tools to enable them to better plan ...
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ArticleSackers launches personalised financial education programme for staff
Pensions law firm Sackers has launched a new financial education programme for its 100 employees, including partners and support staff.Sackers introduced the programme, provided by Nudge, with the aim of ensuring that its staff have access to targeted financial education support that meets their needs, and to provide them with ...
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ArticleGovernment consults on definition of financial advice
HM Treasury has launched a consultation to discuss amending the UK definition of financial advice.The purpose of amending this definition is to create a clear, single outline that organisations can easily follow and build into compliance arrangements, and to remove uncertainty around the boundary between what constitutes regulated advice and ...
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ArticleOld Mutual launches financial education programme for staff
International investments and savings organisation Old Mutual has launched a personalised financial education programme for its 200 employees.The programme, provided by Nudge, aims to further strengthen the organisation's current wellbeing strategy.The scheme uses a regular flow of data to provide employees with personalised and predictive financial education that corresponds to ...
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ArticleEXCLUSIVE: Hachette UK introduces financial education workshops for under 30s
EXCLUSIVE: Publishing group Hachette UK has introduced targeted financial education workshops to address the financial issues of most concern to employees under 30.The organisation ran a pilot project in July 2016, provided by Jelf Employee Benefits, which surveyed participants before and after a financial education workshop. Almost three-quarters (71%) of ...
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Article34% feel there is too much choice when saving for retirement
Just over two thirds (34%) of respondents believe there is too much choice when it comes to saving for retirement, according to research by Willis Towers Watson and Nottingham University Business School.The study, which surveyed 2,000 UK employees, also found that 35% of respondents feel that a lack of knowledge ...
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6: small tax and leg: Government consultation round-up
Gender pay gap reporting for the public sectorGender pay gap reporting guidelines are already in place for private and voluntary organisations employing more than 250 staff, with initial data due to be captured in 2017. In alignment with these measures, the government has recently concluded consulting on how to implement ...
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ArticleGovernment presses ahead with Lifetime Isa
The Savings (Government Contributions) Bill 2016-2017, which will legislate for the Lifetime individual savings account (Lisa), has been introduced to the House of Commons.The Lisa was unveiled by former Chancellor George Osborne in the March 2016 Budget. The savings vehicle aims to help young people save for their first home ...
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Article59% include financial wellbeing in staff wellbeing strategy
More than half (59%) of employer respondents who have a staff wellbeing strategy in place now specifically include financial wellbeing within this, according to research by Close Brothers Asset Management.Its quarterly Business barometer, which surveyed 906 UK employers, also found that 70% of service organisation respondents that have a staff ...
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ArticleWatch Employee Benefits Summer School 2016
Employee Benefits Summer School will return next week (Monday 15-Thursday 17 August 2016).The series of short e-learning tutorials will enable benefits and HR professionals to gain insight on the latest trends in key benefits areas, including health and wellbeing, workplace savings, and global mobility.On Monday 15 August, Beate O’Neil, head ...
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ArticleAssociated British Ports to roll out financial education programme to all staff
Associated British Ports is to roll out a multi-generational lifestyle and financial education programme to all of its 2,000 employees.The career-long financial education programme, provided by Jelf Employee Benefits, will be available to staff across 21 ports in England, Scotland and Wales from September 2016.The roll out across the business ...
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ArticleFinancial wellbeing in numbers
A look at some key statistics around financial wellbeing in the workplace:76% of US respondents provide financial health programmes for employees (Source: Fidelity Investments and the National Business Group on Health) bit.ly/1N6SVnG44% of millennial respondents cite saving for a house as their financial priority (Source: Barnett Waddingham) bit.ly/229SxM066% of respondents ...
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ArticleFinancial wellbeing case study round-up
A round-up of employer case studies around financial wellbeing:Police Mutual, a financial services provider for police and military employees, has given its 500 staff access to competitive loans, with monthly deductions coming straight from their pay packets. bit.ly/1TkJ2ZGLondon City Airport introduced a financial wellbeing app to help its 500 employees ...
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Article70% of health and care staff affected by financial stress
Over two thirds (70%) of employees who work in the health and care sectors have admitted to being affected by financial worries, according to research by Neyber.The 2016 DNA of financial wellbeing report, which surveyed 1,000 health and care service staff, also showed a 20% reduction in productivity, leading to ...
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ArticleRicoh UK sees 1,000 requests for follow-on financial education workshops since scheme launch
Ricoh UK has seen its employees request some 1,000 financial education follow-on workshops since the launch of its financial awareness programme.The global technology organisation introduced Make Your Money Count financial awareness presentations, provided by Secondsight, for its 2,500 UK-based employees at the end of 2015.Thus far, around a quarter of ...
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Article68% of US managers think student loan assistance would improve employee morale
More than two-thirds (68%) of US manager respondents think that offering student loan assistance as part of an employee benefits package would improve employee morale, according to research by IonTuition.Its Employers’ perspective survey 2016: student loans and higher education benefits report, which polled 400 middle managers in the US, also ...