A leading provider of financial education, guidance and advice in the workplace, comments; “Learning how to manage money is an important life skill and getting the balance right between spending and saving is fundamental. However, many employees struggle to understand various financial issues that may relate to them and require help and support in order to feel secure when it comes to their finances.
Published: 17 December 2017
Whilst it is reassuring that the highest rates of regulated advice use are from those that go into drawdown – 69 percent according to the Financial Conduct Authority (FCA), it is weighted towards those with larger pot sizes. Overall, accessing pension pots early has become the norm. The FCA found that 72 percent of pots that have been accessed are by consumers under 65 - most choosing to take lump sums rather than a regular income.
Published: 26 November 2017
Such has been the success of the strategy that last year the UK’s Black Friday online sales grew to £1.23bn, yet there was no repeat of the delivery meltdown of 2014. That’s because Black Friday had mutated into a whole week – with online sales from Monday 21 November to Monday 28 November reaching around £6.5bn.
Published: 10 November 2017
KPMG’s survey of nearly 900 leading global HR executives found that leaders view today’s disruption as an opportunity to transform their business models and drive growth. Specifically, 65 percent say they view technology disruption as an opportunity, and 68 percent say they have taken steps to challenge themselves in the past year. The caveat in all this is that while most HR initiatives are said to be meeting expectations, more than half (59 percent) of organizations say they still lack a business case or appropriate metrics to measure results and return on investment.
Published: 8 November 2017
To accept a relocation package, the salary or the role must have been an adequate temptation, but what can seem like a reasonable salary in the UK might not stretch too far when considering how much further it may have to go in a new home.
Published: 31 October 2017
Identifying a firm's senior managers and publicising their status may be a fraught exercise: while focus needs to be given to the new senior managers, it should not be forgotten that some senior individuals may be unhappy about not being made senior managers - leading to a different set of problems.
Published: 28 October 2017
Stock market crashes are a bit like the Spanish Inquisition- no-one expects them. The 1987 crash is renowned for the speed and severity of the market decline, and undoubtedly when markets are plunging so sharply, it’s hard to keep a cool head.
Published: 23 October 2017
A lack of confidence when it comes to saving effectively into the right products for each individuals’ circumstances is also evident, with only two fifths (40 percent) of employees confident in their ability to choose the right financial product to help them achieve their savings ambitions.
Published: 20 October 2017
We all expect our insurance policies to pay out when we need them and group risk (employer-sponsored life assurance, income protection and critical illness) is no exception to this, but do you know what else they do? From Katharine Moxham, spokesperson for Group Risk Development (GRiD).
Published: 19 September 2017
Employers selecting DC default investment funds for their workforce pensions assume they’re making a wise investment choice. However, a new report, ‘Who’s performing well?’ Article by Steve Butler, Chief Executive, Punter Southall Aspire.
Published: 12 September 2017