News – Page 85
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Grant Thornton launches financial education for staff
Grant Thornton has launched financial education for its 4,400 partners and employees, in a bid to boost engagement with benefits.More than 900 employees attended one of the 39 seminars held at 23 office locations across the UK, ahead of the accountancy firm's flexible benefits elections, which opened in November.The seminars, ...
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Financial Education Supplement
Interview with Annamaria Lusardi, professor of economic at Dartmouth CollegeTailor financial education to suit employees’ life stages Key messages to deliver to staff during a recession Educating staff about annuitiesMake the most out of workplace financial education. Discover how to educate staff with relevant, targeted lifestyle-based financial ...
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Educating staff about annuities
Employers can help staff choose their annuities but there are risks in doing too much, says Nicola SullivanEmployers that have gone to great lengths to promote the value of saving into occupational pensions to their staff may also be keen to ensure employees select the right annuities. On reaching retirement, ...
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Key messages to deliver to staff during a recession
The recession means staff are taking more interest in their finances and there are key messages employers can pass on to help them cope, says Katrina McKeeverTimes of economic downturn can cause stress and anxiety for a large number of employees, as they face mounting problems keeping up with debt ...
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Interview with Annamaria Lusardi, professor of economics at Dartmouth College
Providing financial education to staff can indirectly impact performance, Annamaria Lusardi, professor of economics at Dartmouth College, tells Tom WashingtonFor many employees, making the right decisions when it comes to their personal finances, particularly in terms of savings and investments, is a tough task. This is often due to a ...
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Case Study: Tesco
Tesco recognises the varying needs of its 280,000-strong workforce by targeting workers approaching retirement and graduates fresh out of university with tailored information.It holds approximately 25 pre-retirement seminars a year, which include speaker presentations, question and answer (Q&A) sessions and opportunities for one-to-one meetings with an independent financial adviser.Together these ...
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Abbey and Cancer Research UK launch financial education
Abbey and Cancer Research UK have launched financial education programmes to help employees manage their money during the recession.Cancer Research UK's scheme will first roll out its initiative to a group of 60 employees this month and has scheduled further sessions to take place throughout the year. The charity will ...
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GSK to offer financial education to support staff after job cuts
GlaxoSmithKline is aiming to offer financial planning and career support to workers who are made redundant or take early retirement from its Dartford factory.The move follows the pharmaceutical firm's proposal to close the plant by 2013, with the loss of 620 jobs.A spokesman for the company said: "We are providing ...
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CIPD Reward Forum: Corporate Sipps are the new flexible benefits
Group self invested personal pensions are emulating flexible benefits in the 1990s.Speaking at the CIPD Reward Forum, Philip Hutchinson, head of corporate Sipp sales, Pointon York Sipp Solutions, said: “Sipps is exactly where flex was 10 years ago. Everybody wants one but most people don’t understand how they work.”However, more ...
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Tesco launches financial education for staff
Tesco has launched a financial education programme for its 280,000 employees.†The retailer will distribute a guide to personal finance published by the Financial Services Authority (FSA). Just the facts about making the most of your money, to all its UK workforce. The guide is designed to help staff manage their ...
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Financial education needed to encourage staff to save
Nearly a third (31%) of UK employees have little or no savings to rely on if they were made redundant.More than half (56%) of employees have less than four months salary saved, according to a survey of 2,103 employees working in companies with 10 or more employees by Jardine Lloyd ...
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EAP use rises in downturn
As the credit crunch bites, employees are increasingly turning to workplace employee assistance programmes (EAPs) to discuss concerns about job insecurity, financial problems and tenancy issues.Employee Advisory Resource, (EAR), which provides 341 UK firms with EAPs that cover more than 500,000 employees, reports that, in July, calls relating to redundancy ...
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TNS extends financial education
TNS is offering employees the opportunity to attend financial education seminars in a bid to improve their knowledge and appreciation of the value of the benefits available to them.After a successful pilot in May, the firm decided to roll out financial education sessions to staff across offices in the UK.The ...
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Standard Life money talks
Standard Life has run a series of financial education sessions for its employees during the summer period in an effort to boost staff understanding of their own benefits and to help them deal with any financial issues.The sessions, run by the Financial Services Authority, have been taking place weekly, during ...
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Friends Provident launches online pensions service
Friends Provident has launched an online financial pensions service to help members of its group pensions schemes keep track of their finances and make the most of their group pension schemes.Through the service. staff will be able to view a snapshot of their financial position, which will enable them to ...
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Scottish Power fuels financial education for staff
Scottish Power has run a series of drop-in financial education seminars to help employees handle their money better and understand the finance-related benefits on offer from the company.The employer arranged for 22 on-site education sessions, each lasting 45 minutes, to take place during June and July at its main UK ...
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Kent County Council offers financial tips
Kent County Council has run a pilot financial education programme with a view to rolling out the service to all its 46,000-strong workforce.The seminars, held in Maidstone, were conducted by the Financial Services Authority and were attended by about 160 council staff.The council held the seminars to provide staff with ...
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Employers likely to help staff with finances
Employers are likely to take a greater role in the future in helping employees with their personal financial planning, according to research by Watson Wyatt. Of the 70 large UK private-sector employers surveyed for The future of retirement savings report, due to be released in full in July, almost three-quarters ...
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Home Retail Group launches financial education
Home Retail Group has launched financial education for staff in association with the Financial Services Authority (FSA) to help employees make the most of their money.The firm held presentations last month at nine of its distribution centres as well as at its head offices in Milton Keynes and Wallington. More ...
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Cambridge University Press launches financial education seminars
Cambridge University Press has provided employees with the opportunity to attend financial education seminars around its stakeholder pension scheme, in order to enable them to make informed decisions around saving for the future.The provider of its defined contribution (DC) stakeholder pension scheme, Norwich Union, visited the firm's workplace five times ...