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BT boosts employees’ pension knowledge with financial education programme

Employee Benefits

For the last 11 years, BT has rolled out a programme of financial education for its employees to help them plan for retirement. The latest series of retirement planning seminars saw a take-up rate of 73% of registered employees attending the session. before financial education, to 4.1

Pension 116
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Employee Benefits Providers: What Employers Need to Know

Empuls

This not only highlights the importance of employee benefits in fostering loyalty and satisfaction but also underscores the potential risks for companies that fail to prioritize this aspect of their compensation strategy. What are employee benefits providers? This reduces the administrative burden on HR departments.

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Financial Wellness: The Must-Have Employee Benefit in 2022

Best Money Moves

Financial Wellness: The must-have employee benefit in 2022. If you aren’t incorporating financial wellness into your 2022 benefits strategy, your employees are missing out. The COVID-19 pandemic has had a long-lasting impact on your employees’ financial health. But not all of your employees are financially stable.

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Only 28% of employees feel employers are supporting their financial wellbeing

Employee Benefits

While many employers (41%) plan to spend more on financial education and planning offerings next year than they are now, only 18% of employees are interested in what they are investing in. Half (54%) would prefer employers invest more in health insurance, while 43% would like more on retirement plans.

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33% of retirees worry about being unable to meet living costs

Employee Benefits

Lorna Shah, managing director of Legal and General Retail Retirement and chief executive officer of Legal and General Home Finance, said: “At Legal and General, we believe retirement should be as stress-free as possible. We want to redefine retirement as a rewarding chapter of financial security and a fulfilling lifestyle.”

Pension 64
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Financial Wellness Series Part Four – Build, Educate & Engage: Financial Wellness Benefits

AssuredPartners

The stress from finances that people feel can have a profound effect on their overarching wellbeing – physically, mentally, and emotionally. Where to start when building or selecting a financial wellness plan? Build a Strong Retirement Plan Foundation Employee benefits have the power to drive employee behavior for the better.

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Top tips for boosting employees’ pensions knowledge 

Employee Benefits

They could invest in financial coaching for a more personal approach to pensions education. Workplace pensions are one of the most valuable elements of the benefits package. What is surprising is the lack of knowledge that employees have about these.

Pension 111