News – Page 86
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Financial education supplement 2008: Pensions tutoring vital for staff
This article is brought to you by our sponsor JPMorgan INVEST.UK companies are still not offering their employees adequate and correct pensions guidance to help them in their decision making - especially at the point of retirement so that they fully understand their retirement options.The message is clear from much ...
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Financial education supplement
Otto Thoresen on his review into generic financial advice Focus on delivery as much as cost in delivering financial educationModelling tools help staff to understand perksTax break around pensions advice divides opinionSponsor's commentFinancial education is such an important issue that the government last year commissioned Otto Thoresen to review the ...
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Staff need financial education to make the right decisions about their future
This article is brought to you by our sponsor JPMorgan INVEST.UK employers are failing to explain to workers the extent of their retirement options, but adequate guidance can be given through financial education, says David Cassidy, chief executive officer, JPMorgan INVESTUK companies are still failing to offer their employees adequate ...
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Case study: Siemens uses modelling tools for pension education
Technology giant Siemens made extensive use of modelling tools last year when it moved from an array of final salary pension schemes to a defined contribution pension plan and took steps to standardise the way pension contributions were calculated.The change affected around 6,000 of Siemens UK's workforce, which numbers over ...
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NAPF Investment Conference: Employers with DC pensions told to limit fund choice
Employers with defined contribution (DC) schemes have been told to limit fund choices to a small number and to provide effective financial education to help employees get to grips with their necessary investment decisions.Alistair Byrne, senior lecturer in finance at the University of Edinburgh, told delegates at the National Association ...
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Free financial advice service unveiled
The blueprint for a national free financial advice service has been set out in the final report of the Thoresen Review of Generic Financial Advice, published today.This includes an emphasis on the workplace as an avenue for delivering financial advice.The report recommends that a national money guidance service is put ...
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Ernst & Young offers financial education
Ernst & Young has invited all its UK employees who are part of its defined contribution (DC) arrangement to attend financial education workshops in May.There will be two workshops, with one short session that will look at the mechanics of the firm's DC scheme and a longer, half-day session that ...
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Best Practice from Thought Leaders: financial education
Jonathan Watts-Lay, director at JPMorgan INVEST, says that without financial education there is a good chance that employees will miss out on a whole host of money saving opportunitiesClick to download the Financial Education Whitepaper (115 KB)Sponsored by
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Scottish and Southern Energy implements financial education
Scottish and Southern Energy has held a month-long programme of financial education to help staff get up to speed with their personal finances.Workshops were organised in one-day stints across key locations in the UK, including power stations and call centres, with up to four sessions a day taking place at ...
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Aviva launches financial education
Aviva has launched a financial education programme to ensure staff have a good understanding of their financial benefits and to improve take up of these perks. The scheme, which will run until 2009, is also intended to ensure staff have a good overall financial literacy.Up to three sessions will run ...
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Face up to the provision of multi-site financial education
To limit inconvenience to its workers GlaxoSmithKline looks to provide financial education at all its sites, with a wide range of face-to-face programmesProviding financial education in the workplace can be challenging if you have a large and diverse workforce with differing employee needs that is based across multiple sites, or ...
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Schooling pays dividends
3873This article is brought to you by our sponsor JPMorgan Invest.Jonathan Watts-Lay, director at JPMorgan INVEST, says that without financial education there is a good chance that employees will miss out on a whole host of money saving opportunitiesThere has been much media interest over closures of defined benefit (DB) ...
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FSA targets teachers with workplace financial education initiative
The Financial Services Authority (FSA) has teamed up with the National Union of Teachers (NUT) to send out booklets containing financial tips to union members as part of its workplace financial education programme.The FSA booklet has been co-branded with the NUT and been distributed to 365,000 teachers as an insert ...
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Buyer's guide to financial education
New forms of communication such as pod and webcasts are helping employers to provide generic financial education, says Nick GoldingFinancial education is used to provide information to staff about a range of personal finance issues. It is distinguished from financial advice by its generic nature and can help staff better ...
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BSkyB launches financial education programme
BSkyB has launched a financial education programme with workshops, face-to-face advice sessions and online guides for its UK employee population.The step has been taken by the media firm to ensure a good return on its benefits investment, and to help staff understand financial issues both at work and home.The new ...
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Deloitte adds identity theft protection to flex
Deloitte has revamped its flexible benefits package by adding identity theft protection and Bupa health assessments to its scheme, following a successful trial of the two perks.The identity theft protection benefit is an online credit assessment programme that is designed to help employees at the accountancy firm take control of ...
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Ford goes into overdrive on diversity and finance training
Ford has held a series of seminars on financial education, diversity and work-life issues for staff across its seven sites.Financial education presentations, run by the Financial Services Authority (FSA), have been held at a number of the car manufacturer's workplaces including its Dunton plant, which employs 3,000 staff.Brian Bennett, manager ...
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Financial services industry may help fund generic financial advice
The financial services industry and the government must share the cost of funding generic financial advice, according to the Thoresen Review.Otto Thoresen's, chief executive of Aegon UK, interim report has laid down the case for national generic financial advice to be funded by both the government and the financial services ...
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Sony builds staff's health and finance know-how through sessions
Sony Pictures Entertainment has launched a programme of regular health and wellbeing and financial education sessions for staff.This will tackle different issues each month, alternating between health and financial topics. On-site health screening will be made available for staff each day this month until 12 October, while in November they ...
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Axa helps staff to manage finances
Axa is helping staff to manage their finances with the launch of a new website and pilot scheme giving 425 of its employees one hour off a month to review and manage their money.It is now urging other employers to do the same with a national campaign, which will culminate ...