News – Page 84
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Legal & General launches new campaign to help employees manage their own finances
Legal & General has developed a series of interactive educational modules as part of its new empployee education campaign.The modules are designed to educate employees on a wide range of financial subjects helping them make informed decisions about managing their own savings.The interactive educational modules appear as a series of ...
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Life Academy launches retirement planning service
Life Academy, in partnership with Friends Provident, has introduced an online service called Preparing for Retirement, which organisations can offer employees as a pre-retirement educational tool.The course comprises four modules – managing change, money, time, and health and relationships – which are accompanied by a downloadable personal retirement planner.Stuart Royston, ...
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North Lanarkshire Council offers staff financial advice
North Lanarkshire Council has launched a financial advice service as part of efforts to look after the health and wellbeing of its 18,500 employees.The service, launched last month, offers independent financial advice to staff through seminars and one-to-one meetings. Advice is provided on a number of areas, including savings and ...
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Scottish Widows launches corporate wrap
Scottish Widows is launching a corporate wrap product which will enable staff to track their employee benefits and personal finances through a single website.The corporate wrap service, called Mymoneyworks, is aimed at allowing staff to take control of their finances, and will be available as an option with Scottish Widows' ...
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New financial education body established
The Financial Services Authority (FSA) has established a new financial education body designed to enhance people's understanding of financial matters and improve their ability to manage their own financial affairs.The Consumer Financial Education Body (CFEB), will continue to run financial education seminars for employers as the FSA did. Work on ...
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Killik Employee Services launches financial education website
Killik Employee Services (KES) has launched a workplace financial education website called Money in Mind. This enables employers to provide their workforce with straightforward information, tools and an online virtual advisor to improve their personal financial capabilities.Peter Leach, director of Killik Employee Services, said: “Money in Mind is the one-stop ...
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Molton Brown offers retirement courses to staff
Maker of luxury beauty goods Molton Brown is offering retirement design courses to support its older employees.The one-day course, provided by Jelf Employee Benefits, offers detailed information on financial opportunities and challenges of retirement, as well as the impact it has on relationships and the amount of spare time a ...
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FSA runs redundancy financial education scheme
The Financial Services Authority (FSA) is running financial education seminars for employees who have been made redundant.The hour-long seminars, held at the employers' offices, are designed to help those who have just lost their jobs be better equipped at dealing with their finances.Topics include making the most of redundancy payments, ...
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Room for improvement in the standard of employers' retirement literature
Research conducted by the Pensions Regulator has found that 30% of UK employers have allegedly failed to disclose adequate guidance to their employees on defined contribution (DC) pensions.A review of retirement information, which looked at 97 DC schemes, found that 30% had alleged legislative breaches of retirement disclosure regulations, while ...
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Axa is to launch online pensions video
Axa Corporate Benefits is launching a new online video programme designed to engage younger employees with their corporate pension arrangement.Pensions TV is designed to overcome inertia around pensions and any difficulties employees, particularly younger staff members, might have discussing the benefit.The programmes available follow three employees who demonstrate varying approaches ...
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Killik launches workplace guide to money matters
Killik Employee Services has launched a workplace financial education service designed to complement the Financial Services Authority's national financial capability initiative.Online serviceThe online service, Money in Mind, gives guidance on matters such as pensions, budgeting, savings and insurance.Staff can access interactive and planning tools such as virtual financial education tutorials ...
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Zurich launches tax handbook
Zurich has launched the latest edition of its annual tax handbook for financial advisers and their clients, in conjunction with Pearson Education.The updated guide provides a single source of reference for all aspects of tax planning. In addition, this year's guide highlights some of the potential tax consequences arising from ...
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JPMorgan Invest renamed Wealth at Work
Financial education and employee wealth management services provider JPMorgan Invest has been renamed Wealth at Work.The change follows the completion of a management buyout backed by Lloyds TSB Development Capital (LDC), the private equity division of Lloyds Banking Group.Wealth at Work provides services which allow employees to maximise the value ...
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AWD Chase de Vere enhances financial awareness product
AWD Chase de Vere has enhanced its financial awareness product by providing UK employers with regional consultants clued up on their benefits packages.Employees can call upon the regional consultants, all of which have been trained on individual company benefits structures, to assist them in engaging their workforce with financial perks.Details ...
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FSA assesses money guidance service ahead of national launch
The Financial Services Authority (FSA) is assessing the success of the money guidance programme currently available in the North of England ahead of the national launch of a similar service expected to take place next year.Chancellor Alistair Darling announced in his Budget report that a national money guidance service would ...
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Employee Benefits Awards 2009: Most effective use of financial education in the workplace (Sponsored by JPMorgan INVEST)
WinnerSchlumberger (entered by Clarity)Judges praised the oilfield service provider’s approach to the difficult task of providing financial education to a workforce of 84,000 spread across more than 80 countries. Its education programme targets two main groups – expatriate employees and international commuters who live in their home country but travel ...
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Employee Advisory Resource and PocketSmith launch budgeting tool
Employee Advisory Resource (EAR), an employee assistance programme (EAP) provider has entered into an exclusive partnership with PocketSmith, a budgeting software company, to provide an online personal finance management tool to help employees with budgeting and financial planning.The new online tool is an interactive enhancement to EAR's suite of debt ...
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Unisys offers staff financial education
Unisys has held financial education workshops to support staff whose jobs are at risk because of restructuring.During the sessions at the technology firm's sites in Milton Keynes and London, which were provided by JPMorgan Invest, 48 employees were given information on state benefits, and advised on how best to deal ...
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BDO Stoy Hayward Investment Management launches redundancy service
BDO Stoy Hayward Investment Management (BDO) has launched a financial redundancy counselling service for companies making redundancies.The service, which integrates independent financial advice into the overall redundancy consultation process, can be structured according to employers' needs as well as and the employees that are affected. Employers can choose one or ...
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Employees' financial worries affect performance at work
More than a quarter of workers do not feel in control of their finances and believe their financial worries are affecting their performance at work.According to research published by the Institute for Employment Studies, 30% of employees are concerned about their financial wellbeing, while almost 10% felt this issue had ...