News – Page 88
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Alexander Forbes Financial Services offers staff mortgage advice
Alexander Forbes Financial Services (AFFS) has rolled out a free mortgage broking service for its 400 staff.The benefit, which was launched last month, provides access to free onsite mortgage advice and broking services from Charles Cameron Associates.It is funded by commission paid by mortgage lenders. David Marlow, marketing director, said: ...
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Henkel runs seminars on age discrimination
Henkel, the household goods, cosmetics and toiletries company, is running seminars for 320 managers and supervisors on the incoming age discrimination legislation. The interactive sessions also cover other changes to employment law including the Information and Consultation Directive, the Working Time Directive, and the Work and Families Bill. Attendees receive ...
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Cushman & Wakefield offers advice sessions
Cushman & Wakefield has introduced free financial advice sessions to help new staff better understand the company's defined contribution pension scheme.The amount the company contributes to the plan depends on employees' seniority, while staff can contribute as much as they wish.The sessions, provided by IFA firm Clarity, are also intended ...
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William Hill provides L-tip advice
William Hill provided financial advice sessions for employees with options in its long-term incentive plan (L-tip) which matured last month.The scheme, which was introduced in 2003 after the company floated, was open to around 90 staff, mainly at executive level. They were all eligible to attend the group seminar sessions ...
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Consultation on employer-provided financial advice
A consultation launched alongside the Budget is proposing more freedom for employers to advise staff on work-related financial services.Employers are currently exempt from financial promotions legislation, with regard to advising on pension schemes.The consultation document proposes extending this exemption to include pensions advice from third-party administrators of stakeholder and group ...
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JPMorgan assists retiring staff
JPMorgan is offering financial education to its employees to help them prepare for retirement and the new pensions tax simplification legislation.The offer to attend seminars has gone out to around 750 employees over the age of 50 years and those who are nearing the new £1.5m lifetime allowance, which will ...
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Michelin offers retirement seminars
Michelin, the tyre manufacturer, has launched seminars for its employees approaching retirement.The company, which has a significant number of staff in the 50 plus age group, is offering the seminars to help recognise the contribution they have made to the business.Employees nearing retirement age and their partners will be invited ...
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Financial education is crucial to pensions crisis
Offering financial education in the workplace could have a significant impact on solving the pensions crisis - according to a study by Close Wealth Management.The survey of more than 300 senior managers in companies with a turnover of more than £1m found that 53% of employers provided financial education schemes ...
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Staff may be gravely underestimating savings
Organisations are failing to communicate pensions effectively to staff as one-in-four employees claim not to know what type of pension scheme they belong to. This is according to a JP Morgan report Working in the dark which also revealed that many employees in defined contribution schemes (DC) are unaware of ...
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Amlin runs pre-retirement workshops
Amlin, the insurance and reinsurance firm, has run its first round of pre-retirement workshops since switching to a stakeholder pension scheme.The workshops, which were run last month by Winterthur Life, are part of an ongoing communication strategy to empower Amlin's 500 pension scheme members.The contract-based Amlin Retirement Investment Scheme was ...
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Older staff must rethink retirement date
After A-Day, retiring employees will no longer be forced to take income, such as an annuity or drawdown, at the same time as getting access to a cash lump sum.Responsible employers may want to inform retiring employees of this fact so that they can work out whether it will be ...
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Shoosmiths launches mortgage advice plan
Shoosmiths has introduced a mortgage advice plan to help graduates buy their first place and also cut the price of existing contracts.And the law firm has already seen a rush of enquiries from staff that want to escape bad deals. It launched the scheme last month, which allows employees to ...
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Nationwide raises working age
Nationwide Building Society has introduced a new policy allowing staff to continue working until the age of 75. The company increased this after surveying customer satisfaction relating to its older workers. The move follows a policy of flexible retirement introduced in 2001 allowing staff to work until age 70.
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Sainsbury's gives all staff IFA access
Sainsbury's has launched a new financial advice service for employees. Previously, only senior managers at the supermarket chain could get help to manage their money, but all 150,000 employees can use the new service. Staff can access the scheme, provided by IFA firm Towry Law, either by telephone or online.
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National Association of Head Teachers get IFA access
The National Association of Head Teachers has brought in a new financial advice service to help school bosses manage their pensions. The organisation also hopes that the scheme will help it to attract new members. John Randall, commercial development manager, said: "We are promoting it because we want to ensure ...
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P&MM launches debt advice plan
Performance & Motivation Management (P&MM) hopes to help tackle the trillion-pound consumer debt burden by providing a new financial advice service. Richard Davies, business development director at P&MM, said Lifestyle Financial Health will give employees financial advice and practical help with their money: "[We are] growing [more] indebted as a ...
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Citigroup gives staff ethics hotline
Citigroup is offering employees the chance to call an ethics hotline so that staff can help prevent any regulatory or legal problems in the future. Chuck Prince, chief executive of the financial services firm, said he hoped to change the culture of the company following incidences such as the closure ...