News – Page 72
-
ArticleMore staff are seeking pensions advice from employers
Over a third (37%) of employers believe that the pension freedoms have encouraged them to play a greater role in financially educating their employees.The study from Close Brothers Asset Management, which surveyed 685 employers, also found that 33% of respondents have seen an increase in staff seeking advice on their ...
-
ArticleAberdeen Asset Management improves financial education for its own staff
Aberdeen Asset Management is running a number of financial education seminars for its 2,000 employees. A number of different topics have been covered to appeal to all age ranges, from learning how to get on the housing ladder to how to make a pension last longer.In the seminars, provided by ...
-
Article59% unaware of employer pension contributions
Some 59% of employees are unaware of how much their current employer contributes towards their pension, according to research from life insurance, pensions and asset management provider Aegon.The study, which surveyed approximately 3,000 adults, also found that two in five (41%) of respondents do not know how much they are ...
-
ArticleAge UK uses benefits to extend working lives
EXCLUSIVE: Age UK has launched a programme to help its employees extend their working lives, better prepare for retirement and boost their health and wellbeing in the workplace.The charity’s Extending working life and planning for retirement proposition is part of its 2015 strategy to offer a range of activities for ...
-
ArticleRos Altmann appointed pensions minister
Ros Altmann has been appointed pensions minister under the new Conservative government. Altmann, who is a former director-general of Saga and an independent expert on later life issues, will be tasked with overseeing pensions policy, the state pension, automatic-enrolment, The Pensions Regulator, and a host of other responsibilities at the ...
-
ArticleFitch launches financial education
EXCLUSIVE: Fitch has launched a personalised financial education programme for its UK employees. The retail and brand consultancy, which is part of the WPP Group, will add the programme to its reward package.Fitch is using Nudge Global’s Quantum technology, which uses HR and benefits data to profile employees and pre-empt ...
-
Article
HSBC increases financial education provision
HSBC is increasing the financial education available to its 45,000 UK employees ahead of changes to its pensions schemes due to come into effect in July. The banking firm’s programme, KnowYou, which launched in 2013, aims to educate employees about its operational changes.Its strategy is to focus on education and ...
-
Article
Workplace financial education grows by 121%
EXCLUSIVE: The proportion of respondents that offer, are in the process of introducing or are considering offering financial education in the workplace has risen by 121% in the past year, according to research by Nudge Global. Its Financial education the definitive guide 2015 report, which surveyd 252 HR and benefits ...
-
ArticleFriends Life partners Foster Denovo on pensions advice
Friends Life and Foster Denovo have partnered to provide employees with advice relating to the pension freedoms which are due to come into effect on 6 April.Through the arrangement, employees who contact Friends Life about their new options with retirement savings will be referred to Foster Denovo if they request ...
-
ArticleMoog Controls boosts pensions engagement
Moog Controls has boosted pensions engagement by more than 150% through its bespoke financial education workshops.The manufacturer of precision motion controls organisation, which helped design the Wimbledon electric roof, focused its education on helping employees make more informed investment decisions.It ran four interactive pilot workshops, provided by Jelf Employee Benefits, ...
-
ArticleRoffey Park informs staff about pension freedoms
EXCLUSIVE: Roffey Park Institute has informed all 80 employees about the pension changes that came into effect on 6 April.The leadership institute educated staff about the pension freedoms via a verbal summary given by line managers and an internal email.The email, which was sent to staff on 2 April, offered ...
-
Article60% of employees suffer from financial stress
Just under two-thirds (60%) of US workers are significantly burdened by financial stress, according to research by asset management firm State Street Global Advisors.Its biannual Employee retirement survey, which surveyed 1,000 employees aged between 20 and 69, also found that the key triggers of stress were mortgages, student loans, healthcare ...
-
ArticleGE rolls out new retirement communications strategy
GE is in the throes rolling out a new retirement communications strategy to help communicate the new pension freedoms available to staff from 6 April. It is part of a flexible retirement policy that the organisation, which specialises in energy, healthcare, aviation and transport services, implemented last year. Michelle Newton, ...
-
ArticleFCA acts to support choice in retirement
The Financial Conduct Authority (FCA) is to introduce remedies designed to support choice in the retirement market in light of the forthcoming pension reforms.Its final Retirement income market study proposes five remedies for employees with defined contribution (DC) pension pots to help make competition work for those looking at drawdown ...
-
Article
Financial disengagement could limit success of pension reforms
Financial disengagement among people approaching retirement could threaten the success of the government’s pension reforms, according to research by the Strategic Society Centre.Its Defined capability: pensions, financial capability and decision-making among retirees research found that among respondents aged 55 to 64, only one in three with defined contribution (DC) pension ...
-
Article51% not confident Pension Wise will deliver support
More than half (51%) of employer respondents are not confident that the government’s guidance guarantee Pension Wise service will provide their employees with adequate support around decisions at retirement, according to research by Hymans Robertson.The pensions and risk consultancy’s research, which questioned 100 HR directors in organisations with more than ...
-
ArticleDebbie Lovewell-Tuck: Employers primed for financial wellbeing
This question came to the fore again last month when the government rolled out a new interest-free loan scheme across the UK.The scheme, which was previously piloted in London, works in the same way as a season ticket loan, enabling employees to take out a loan for a house rental ...
-
ArticleFinancial education boosts staff engagement
How financial education can boost employee engagement and employers’return on investment (ROI) will be the focus of a session at Employee Benefits Connect 2015.In a session titled ‘Boost employee engagement and ROI using financial education’, Darren Laverty (pictured), director at financial education provider Secondsight, will discuss why and how workplace ...
-
Article
96% believe pension flexibilities create need for financial education
Some 96% of employers think that the new pension flexibilities creates a need for more financial education in the workplace, according to research by Jelf Employee Benefits. Its research among 250 employers also found that nearly three quarters (73%) believe workplace financial education should be employer funded.Of this 73%, more ...
-
ArticlePension Wise website goes live
The online version of the government-backed guidance guarantee service, Pension Wise, has gone live.The Treasury-designed website, pensionwise.gov.uk, showcases six steps users should take in deciding how to use the new pension flexibilities, as well as get the best possible outcome in retirement from their pension pot.The six steps are:Checking the ...