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Annuity Myths and Facts

Money Talk

An annuity is a contract between an investor and a life insurance company. Annuities are sold by insurance agents, stock brokers, and other financial advisors. No Federal Insurance - There is no federal government insurance for annuities as there is for bank products (FDIC) and investment products (SIPC).

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Top tips for boosting employees’ pensions knowledge 

Employee Benefits

Need to know: Employers can tailor content and communication channels to different employee groups to help with their pensions knowledge. Losing the jargon will make the language of pensions easier to understand and more relevant to staff. They could invest in financial coaching for a more personal approach to pensions education.

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Highlights From a Women’s Retirement Class

Money Talk

I recently attended a seminar about financial concerns facing women in retirement. pension, Social Security, annuities, dividends/capital gains, full- or part -time employment, self-employment) minus fixed (e.g., insurance premium) expenses. insurance premium) expenses. rent and car payments), variable (e.g.,

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How can employers nudge staff into saving more into their pensions?

Employee Benefits

It is generally acknowledged that, despite the success of pensions auto-enrolment , saving the minimum contribution levels will not lead to a comfortable standard of living in retirement. Pensions can also seem too abstract to think about. The complexity of pensions and lack of financial education is another factor, Blake adds.

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How Haleon help employees boost savings and prepare for their financial future.

Employee Benefits

After the seminars, employees have access to a microsite where they can review highlights of the session that they attended, book onto future seminars and keep up-to-date with the latest news articles. Following on from this session, I would like to contribute more to my pension pot.” “The

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Why employee financial wellbeing should matter to HR teams

cipHR

In February 2020, the Money and Pension Service (MAPS) rolled out a 10-year strategy for financial wellbeing , which identifies workplaces as a key channel through which the UK can become financially healthier. Pensions . The UK government is certainly hoping employers will intervene in this area. Salary sacrifice schemes .

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Tilbury Douglas gains menopause-friendly accreditation

Employee Benefits

This has included seminars for all employees on World Menopause Day and the launch of a menopause policy, as well as training for senior management. Its flexible benefits scheme includes insurance for critical illness, dental and travel, a bikes-for-work scheme, retail vouchers, payroll giving and an activity pass for leisure attractions.