News – Page 80
-
Article
Employers not trusted to provide financial advice
One in five (19%) respondents do not trust their employer to provide financial advice or planning, according to research by Deloitte.Bridging the advice gap: delivering investment products in a post-RDR world, which surveyed more than 2,000 employees, found that workplace saving could become a growing market for advisers and providers ...
-
Article
Debbie Lovewell: Annuity education required
So talk of annuities can simply compound the problem.With a wide range of annuities now available for those in defined contribution (DC) plans, it is not surprising staff can find the choice overwhelming. That is if they realise they have a choice at all and don’t simply have to buy ...
-
Article
Jelf launches retirement coaching service
Jelf Employee Benefits has launched a retirement coaching service.The service includes coaching for employees on how to make fact-based decisions about retirement and consider financial decisions. It will also cover lifestyle planning issues, such as fitness and diet, as well as managing time and maintaining friendships in retirement.The service is ...
-
Article
Employees not saving enough for retirement
Only 16% of respondents believe their employees are saving enough for their retirement, according to research by Wealth at Work.Its Rethink retirement survey 2012 found that just 18% of respondents said their employees are aware of the various retirement income options available to them.The research also found that 71% of ...
-
Article
Only one-fifth of employees aware of RDR
One-fifth (21%) of respondents are aware of the retail distribution review (RDR), according to research by Canada Life Group.The research, which surveyed 1,635 employees in October 2012, found that awareness was slightly higher among men (25%) than women (19%).Under the RDR, which takes effect from 1 January 2013, pension providers ...
-
Article
Workplace Savings Quarterly – November 2012
The fourth Workplace Savings Quarterly rounds up the main issues and topics around workplace savings.The report (download PDF, top right) covers:How to prepare staff for the transition to retirementPadraig Floyd: Ignore Clegg’s pension stuntMick McAteer: Auto-enrolment will aid inclusionAlternative savings vehicles are appealing to staffThe difference between active and passive ...
-
Article
Employers must educate staff on buying annuities
In August, the Bank of England published a paper on the distributional effects of QE, which it estimates to have had a broadly neutral impact on the value of the annuity income that can be bought from a typical pension pot.However, Laith Khalaf, pension investment manager at Hargreaves Lansdown, said ...
-
Article
Highest quarterly fall for annuity rates
The average conventional and enhanced annuity rates fell by 7% and 5%, respectively, in the last three months, according to research by MGM Advantage.The MGM Advantage annuity index, which tracks income paid on convential and enhanced rates on a quarterly basis, found that this decrease is the highest quarterly fall ...
-
Article
Edenred launches auto-enrolment service
Edenred has launched a pensions auto-enrolment service to help employers understand how to fulfil their obligations under the legislation.The service includes a focus on financial education for employees, provided by accountancy and business advisory firm RSM Tenon.The initiative began in September with a series of question-and-answer webinars for employers on ...
-
Article
Staff unenthused by corporate platforms
The majority of employees are unenthusiastic about workplace savings platforms, according to research by The Platforum.For example, between just 5% and 10% of respondents have signed up for an Individual savings account (Isa) through their employer, preferring to source financial products from banks and building societies.The research, the Workplace savings ...
-
Article
Staff more active in Isas
Employees with corporate individual savings accounts (Isas) are increasingly proactive in their schemes and are managing their investments more regularly, according to research from Equiniti.The study found that, on average, employees are making three distinct investment decisions a year, with those trades representing about £317 of their fund. This activity ...
-
Article
Corporate platform guide to be launched
Employers who are trying to get to grips with the ever-changing corporate platform market may be relieved to learn The Platforum is to launch a Corporate platform guide later this month.The market, still in its early development, can be confusing for organisations looking at how they might deploy a platform.This ...
-
Article
Admiral Group doubles pensions take-up
Admiral Group has increased the take-up of its pension scheme following a three-month awareness campaign.The campaign, which was supported by the insurance firm’s adviser Jelf Employee Benefits and pension provider Scottish Widows, included one-to-one briefings with staff and pensions packs.It led to an increase in pension membership from 1,100 to ...
-
Article
Workplace Savings Quarterly - September 2012
NewsViewpoint: Padraig Floyd of Workplace Savings QuarterlyViewpoint: Susan Jones of TOR Financial ConsultingViewpoint: Charles Cotton of the CIPDCover story: What level of investment risk should employers and employees take?Corporate platforms: Wrapping up savings benefits makes them easier to handleAsset allocation: Right ingredients for a DC investment strategyEmployer profile: Legal and ...
-
Article
Jelf Employee Benefits launches financial education services
Jelf Employee Benefits has launched two financial education services, called Jelf Money at Work and Jelf Money after Work.The services, which can be offered by employers as one-to-one sessions or group workshops, covers topics such as investment guidance, technical support and lifetime financial education, and are designed to help employees ...
-
Article
73% of respondents aren’t offered financial education at work
Three-quarters (73%) of respondents said their employer offers them no form of financial support or advice, according to research by the Chartered Institute of Personnel and Development (CIPD).The CIPD’s Summer 2012 employee outlook focus, which surveyed 2,000 UK employees, found that 59% of respondents reported that, among respondents who said ...
-
Article
Employees want flexibility around workplace savings and pensions
Employees want more flexibility around their savings and pensions options, but employers are not catering for their needs, according to research by Mercer.Its research, which analysed the defined contribution (DC) pension schemes of more than 300 UK organisations, found that, on average, 58% of employee respondents ranked pensions as the ...
-
Article
Buyer's guide to financial education
Focus on factsWhat is financial education?It is a structured process and set of learning objectives designed to inform employees about financial matters. It is often focused on educating around relevant employee benefits, such as pensions and share schemes, but can also include help with saving money. Traditionally, content can be ...
-
Article
Debi O'Donovan: Staff engagement with pensions is essential
Pensions auto-enrolment could be the worst employee engagement disaster in recent years. Those of you who know me will realise I am not inclined to tabloid-style, shock-horror scare stories, so let me explain my thinking.We have gone through several years of below-inflation pay increases, if not pay freezes, which are ...
-
Article
Pensions Management Institute launches qualification for advisers affected by RDR
The Pensions Management Institute (PMI) has launched a diploma in regulated retirement advice, which is fully compliant with the retail distribution review (RDR).The diploma provides advisers affected by RDR with the opportunity to gain the necessary accreditation they need to continue to provide advice.The diploma comprises three modules under the ...