Category: Workplace

10 Results Shown

Creating a new “Win Win Win” distribution channel

Employees Establishing trust is essential if employees are to engage successfully with online financial wellbeing services. Not only must employees be able to trust the advice given but must also be able to trust the Financial Wellbeing portal itself with their sensitive financial and personal information. Well documented cases of mis-selling and stories of other negative customer experiences with financial institutions travel fast across today’s social networks, acting as a cautionary tale to others. Honest feedback and reliable endorsements from individuals in analogous financial situations are therefore vital to building consumer confide ...


Financial Wellbeing – A winning mentality

Unlike many of today’s professional sports, tennis players have no access to on-court coaching during, arguably, the most important matches of their year – grand slam tournaments. No infamous half-time “hairdryer” team talks take place and no pearls of wisdom can be imparted from the touch line. The reality is that tennis players are out th ...

Future developments in the UK

Background In March 2016, following a seven month review, the FAMR published its final report, making a number of recommendations intended to allow firms to develop more streamlined services and engage with individuals in a more effective and affordable way.  Not only did the FAMR report identify the workplace as playing a key part in addressing t ...

What can we learn from the US experience of workplace propositions?

When it comes to employee benefits, two developments which have come to the fore in the US recently, and which we can expect to take off in UK workplaces in the next few years, are Financial Wellbeing programmes and Managed Accounts, a form of automated advice. But what exactly do we know about these initiatives? Financial wellbeing At its core, se ...

The workplace offers benefits to employees, employers, and financial services firms

For many people, traditional workplace benefits conjure up images of employer sponsored pension plans, private health cover and subsidised canteens. However, recently we have entered into an extraordinary period of major pension changes and economic uncertainty where the financial risks and responsibilities have shifted inexorably to the individual ...

New Workplace Propositions: A Win / Win / Win Situation

This new White Paper examines the new opportunities in the workplace and how US ideas can be adapted for the UK so that the workplace can become a major distribution channel for advice and financial services products. Read the foreword from the White Paper below, and download the full document from our Download Centre. Foreword Financial services f ...

How can employers improve the financial well being of their employees?

Activity trackers are currently all the rage. Fit bits, smart watches and hundreds of other products are designed to automatically record our steps, runs, heart rate and much more, incentivising us to exercise and keep our bodies and minds healthy. Yet, despite our best efforts, the considerable financial pressures that most of us face today can ha ...

How gamification can engage members of DB pension schemes

With no clear plan in place to effectively manage their spending in retirement, many are forced to continue to stay in work for longer than they had anticipated, in order to build up sufficient funds to be able to retire. This, in turn, leaves companies with employees who can’t afford to retire and whose only motivation for staying in the workpla ...

How are employers looking to reduce DB liabilities?

Historically, membership of DB pension schemes was widely offered to employees of UK companies. Whilst employees may have been required to contribute, the balance of costs of such schemes were usually met by the employer, with many schemes being in the enviable position of having surplus assets and the employer taking a “contribution holiday”. ...

The impact of pension freedoms on DB pension schemes

Once seen as the pinnacle of UK pension provision, many DB scheme members are increasingly looking to take advantage of the new flexible options at retirement, by transferring their DB pension benefits, not yet in payment, to a DC arrangement first. But why would members of private sector and funded public sector DB schemes give up what is perceive ...