News – Page 81
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Clarity Global launches financial education website for employers and employees
Independent financial advice firm Clarity Global has launched a website to provide employers and employees with resources for financial education.The website will offer employers:The ability to deliver a foundation of financial education to all employees in a cost-effective manner.Full personalisation, which allows employers to monitor employees’ use on the site ...
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Third of employers to increase benefits spend in 2012
More than a third of employers plan to increase their spend on employee benefits in 2012, according to research by the Chartered Institute of Personnel and Development (CIPD).The CIPD/Benefex reward management survey 2012 also found that only 18% of respondents provide total reward statements (TRS) to staff and 20% offer ...
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30% of respondents do not communicate pensions to staff
Almost a third (30%) of respondents do not communicate with employees about their pensions, according to research by Aviva.The first Aviva Working lives report surveyed 2,004 private sector employees and 210 employers in the first quarter of 2012.A quarter (24%) of employers surveyed leave it to the pension provider or ...
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Informa offers three-tiered workplace savings strategy
Media firm Informa has developed a three-tiered workplace savings strategy to cater for its diverse, 3,200-strong UK workforce.The strategy is divided into short-, medium- and long-term savings options.The short-term savings vehicle is a stocks and shares individual savings account (Isa), which will be introduced in April 2012. Informa had planned ...
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EXCLUSIVE: Esop and MAS team up to educate employees
The Employee Share Ownership (Esop) Centre has partnered the Money Advice Service (MAS) to highlight the importance of financial education to employers.Both bodies plan to lobby the government for more promotion of, and support for, financial education. David Poole, UK director at Esop, said: “Everyone knows financial education is a ...
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Workplace Savings Quarterly News
A round-up of the latest news, case studies and research around workplace savings:Workplace Savings News: Employers are favouring corporate platformsWorkplace Savings News: The Platforum offers guide on corporate platformsWorkplace Savings News: BT share price rise poses CGT problem for saversWorkplace Savings News: Informa offers three-tiered savings choice for staffWorkplace Savings ...
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CSC platform puts focus on financial education
Technology firm CSC focused on financial education as the basis for its corporate platform when it was launched two years ago.Speaking in a panel debate entitled ‘Holistic approaches to workplace saving - new era or false dawn?’ at the Employee Benefits Pensions and Workplace Savings Summit 2012 on 9 March, ...
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Employee Benefits financial education supplement
Download a PDF of the Employee Benefits financial education supplement 2012†Sponsor’s comment: Jonathan Watts-Lay of Wealth at WorkInterview: Stuart Bailey of the Money Advice ServiceBack-to-basics guide on financial educationThe employer’s role in financial educationWhat employers need to consider in terms of corporate branding
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ArticleWhite paper — maintaining employee engagement in auto-enrolment
A successful workplace pension proposition should be built on the three pillars of auto-enrolment fuctionality, communications and investment strategy.To download the white paper, click on the link above right under Related Files.White paper supplied by Standard Life.
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Money Advice Service launches financial education campaign
The Money Advice Service (MAS) has introduced a financial education campaign called Fresh Start, which promotes spring as the ideal time for employers and employees to focus on money and financial issues.The MAS has emailed the 1,300 employers it works with to flag up its range of online resources.These include ...
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EXCLUSIVE: Oracle aims to expand financial planning service
Oracle plans to extend its financial planning service for employees so it eventually covers up to 20% of its workforce.The service, currently directed at senior staff and provided by Citimark, enables employees to manage their pension in the context of their life goals and their net worth. Factors taken into ...
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Paradigm Group to launch corporate wrap business
Paradigm Group is to launch a standalone corporate wrap business.The independently-run business will join the consultancy group’s other businesses: Paradigm Partners, Paradigm Pensions and Paradigm Mortgages.Its corporate wrap product will include a group personal pension (GPP) plan, alongside a workplace independent savings account (Isa) and other savings vehicles.The product can ...
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EXCLUSIVE: Trowers and Hamlins introduces financial education workshops
Law firm Trowers and Hamlins is introducing a series of financial education workshops called ‘Making the most of your money’ as part of a three-tiered approach to ensure its 500 employees are looking after their finances.The first step was a series of presentations in October by Friends Life around the ...
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EXCLUSIVE: Marks & Spencer offers financial education for sharesave maturity
Marks and Spencer (M&S) will offer financial education ahead of two of its sharesave schemes maturing on 1 January 2012, with markedly different results.Its three-year sharesave scheme will see 12,000 staff share a pot of £60 million. Ann Govier, manager of senior remuneration and employee share schemes at M&S, said: ...
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Aviva research: 84% of younger workers would like financial help from employers
The majority (84%) of younger workers (25 to 35 year olds) would like financial help from their employers in order to plan for their future, according to research by Aviva.The research found that many employees in the 'foundation generation', so called because they are laying the groundwork for their finances, ...
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Institute of Financial Planning research: One third of employees not contributing into a pension scheme
A third (31%) of UK employees are not currently contributing to a pension scheme, while 14% have never made any pension contributions, according to research by the Institute of Financial Planning (IFP) in association with National Savings and Investments (NS&I).The Financial planning survey, which coincides with UK Financial Planning Week ...
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Aviva conjures up financial awareness campaign for young people
Aviva is running a social media campaign using magic to raise awareness among young employees about the importance of retirement savings.In a series of short film clips, magician Pete Hathaway uses magic tricks with money to encourage young people to save for the future.The films, available on social media sites ...
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NAPF conference: CSC to enhance employee savings platform
IT company Computer Sciences Corporation (CSC) will be enhancing its employee savings platform over the coming months.Speaking at the National Association of Pension Funds (NAPF) conference on 20 October, Jenny Davidson, director of compensation and benefits for Europe, Middle East and Africa (EMEA), at CSC said the firm will be ...
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EXCLUSIVE: Kantar Worldpanel gives employees budget tips
Market research firm Kantar Worldpanel has held financial education sessions as part of its efforts to improve employees' wellbeing.The hour-long sessions showed staff how they could save money on mortgages, power bills, banking, and car and house insurance. They were also given information about Kantar's group personal pension scheme.The firm ...
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Goddard Perry Consulting launches financial education service
Goddard Perry Consulting (GPC) has launched a financial education service called the Retirement Counsellor.Designed to assist employers and trustees with pension scheme communications, it will enable staff to consider which option at retirement is best for them.The service includes a bespoke pre-retirement report outlining all the choices, access to online ...