News – Page 73

  • Retirement - thumbnail
    Article

    68% of over-50s would retrain to work longer in retirement

    2015-02-01T00:00:00Z

    More than two-thirds (68%) of over-50s would consider retraining to work longer in retirement, according to research by MetLife. Its research, which surveyed more than 2,500 employees, found that financial pressures and a lack of sufficient retirement savings are the drivers behind employees working longer.Just over half (55%) of respondents ...

  • Retirement - thumbnail
    Article

    21% say their employer has contacted them about the pension freedoms

    2015-01-01T00:00:00Z

    Less than a quarter (21%) of UK employees stated that their employer has contacted them regarding the new pension laws coming into force in April 2015, according to research from employee benefits consultancy Portus Consulting.The study, conducted online by Consumer Intelligence, surveyed 1,154 staff over 18 in December 2014, also ...

  • Pensions - thumbnail
    Article

    Government names guidance guarantee service

    2015-01-01T00:00:00Z

    The government has today (12 January) revealed that its guidance guarantee service will be called Pension wise. The creation of Pension wise follows measures announced in the 2014 Budget to provide access to free and impartial guidance on how savers can make the most of the new pension freedoms, which ...

  • Article

    40% to introduce financial education

    2015-01-01T00:00:00Z

    EXCLUSIVE: Just under 40% of employers are ready to implement a financial education strategy in 2015, according to research by Hargreaves Lansdown.The investment firm’s report HL corporate pensions, based on a survey of 250 respondents, also found that almost half are concerned about whether their employees will be able to ...

  • Close brothers
    Article

    How far should employers go in recommending financial advice?

    2015-01-01T00:00:00Z

    In April 2015, the government will introduce the most radical pension changes in almost 100 years.From the age of 55, all staff will be able to access their entire defined contribution (DC) pension flexibly, whether taking it as a lump sum, buying an annuity, drawing down, or a combination of ...

  • Center Parcs
    Article

    Center Parcs incentivises financial education take up

    2015-01-01T00:00:00Z

    EXCLUSIVE: More than 500 employees attended financial education seminars after Center Parcs introduced an incentive scheme to help boost take up. The leisure resort firm, which has a workforce spread across six sites, encouraged staff to attend by offering the chance to enter a prize draw to win an iPad.The ...

  • citizens-advice-sign-2015
    Article

    Citizens Advice names guidance delivery sites

    2015-01-01T00:00:00Z

    The Citizens Advice Bureau has named its first 44 sites that will deliver face-to-face sessions as part of the government’s guidance guarantee, Pension Wise. People will be able to book guidance appointments at any Citizen Advice office but will have to travel to a designated delivery centre for the session ...

  • Jeanette Makings
    Article

    Less than half of employers provide at-retirement support

    2015-01-01T00:00:00Z

    Less than half (45%) of respondents provide staff with support at retirement, according to research by Close Brothers Asset Management.Its study of 218 UK employers also found that the most popular way of supporting employees at retirement is through workplace seminars (26%), while 23% of respondents provide access to information ...

  • Financial education supplement 2014- cover
    Article

    Financial Education report 2015

    2015-01-01T00:00:00Z

    View all stories from the report below:Jonathan Watts-Lay: Three steps to freedomNew flexibilities in pension access increases the need for workplace financial education.Financial education in numbersA round-up of the latest facts and figures about financial education.Andrea Finney: Helping to ease the burdenThere are a number of steps employers can take ...

  • Share schemes
    Article

    Isa tax advantages extended to partners

    2014-12-03T15:11:00Z

    Autumn Statement 2014: The government has announced that, from April 2015, if an individual savings account (Isa) holder dies who is in a marriage or civil partnership, their spouse or civil partner will inherit the Isa tax benefits.For deaths on or after the 3 December, surviving spouses will receive an ...

  • Article

    Financial education in the workplace: engaged employees better for business

    2014-12-01T00:00:00Z

    This article has been supplied by our channel sponsor, Foster DenovoBy Darren Laverty, director of sales and marketing at Foster Denovo, the parent company of employee benefit adviser SecondsightIn early October, we released the results of some research (1) we undertook on the theme of workplace financial education.According to the ...

  • Pensions - thumbnail
    Article

    Competition in retirement market is not working

    2014-12-01T00:00:00Z

    A failure by many consumers to shop around or switch provider to get the best annuity deal proves that competition in the retirement market is not working as well as it could be, according to research by the Financial Conduct Authority (FCA).The regulator’s Retirement income market study, which examined products ...

  • Andrew Megson Partnership
    Article

    53% of over 40s unsure of guidance guarantee eligibility

    2014-12-01T00:00:00Z

    More than half (53%) of respondents over the age of 40 do not know if they are eligible for the guidance guarantee, according to research by retirement provider Partnership. Its research, which surveyed more than 2,000 people aged over 40, also found that 18% of respondents said they were not ...

  • Government must take more holistic view on retirement saving
    Article

    45% able to provide pension flexibility

    2014-12-01T00:00:00Z

    Less than half (45%) of respondents believe that they have the resources and systems in place to provide pensions flexibility once changes announced in this year’s Budget come into force, according to research by Wealth at Work.Its report, Do your employees need to rethink retirement? which surveyed 105 HR, reward ...

  • Becton-Dickinson-2014
    Article

    Becton Dickinson personalises financial education

    2014-11-01T00:00:00Z

    EXCLUSIVE: Becton Dickinson has launched a personalised financial education programme for its 300 UK employees.The global healthcare organisation has introduced the programme to deliver education through technology to engage with the whole workforce.Becton Dickinson is using Nudge Global’s Quantum technology, which uses HR and benefits data to profile employees and ...

  • Gerald-Eve-Offices-2014
    Article

    Gerald Eve boosts financial education

    2014-11-01T00:00:00Z

    EXCLUSIVE: Gerald Eve has boosted financial awareness among its 360 employees after holding a number of age-based and one-to-one financial education sessions.The chartered surveyor’s financial education programme, provided by Hargreaves Lansdown, has switched its focus to helping employees deal with stress around personal finances. It has achieved attendance rates of ...

  • Number of respondents that offer staff support at retirement
    Article

    55% do not offer staff support at retirement

    2014-11-01T00:00:00Z

    More than half (55%) of respondents do not offer their staff support at retirement, according to the Employee Benefits/Close Brothers Pensions research 2014, which surveyed 216 respondents in September 2014.However, the majority of respondents (93%) that do offer staff support have a comprehensive communications campaign in place for staff at ...

  • Retirement options
    Article

    At-retirement support is key part of employee value proposition

    2014-11-01T00:00:00Z

    Just under half (49%) of respondents say that supporting staff at retirement is a key part of their employee value proposition (EVP), according to the Employee Benefits/Close Brothers Pensions research 2014.The research, which surveyed 216 respondents in September 2014, also found that 43% see its role in engaging staff as ...

  • Aegon-UKreadiness-2014
    Article

    Only 6% of UK staff on track for retirement income

    2014-11-01T00:00:00Z

    Just 6% of employee respondents are on track for the retirement income they want, despite the focus on pensions following the reforms announced in this year’s Budget, according to research by Aegon.Its second Aegon UK Readiness report surveyed 4,000 UK employees to assess their behaviour, awareness and finances to determine ...

  • EB Pensions Supplement Nov 14
    Article

    Pensions research 2014

    2014-11-01T00:00:00Z

    The Employee Benefits/Close Brothers Pensions research 2014, examines the latest pensions industry trends and issues, enabling employers to keep up to date on the changing needs of their workforce, particularly for staff approaching or at retirement. The research includes the following articles:Jeanette makings: Financial education provides essential retirement guidance Clare ...