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News

Keep on top of the latest Wealth Management and Employee Benefits news. You can also access our bimonthly Financial Magazine, keeping the latest Wealth Management news and insights at your fingertips.

Financial Magazines

Archive for 2019

Companies failing to provide for ageing workforce

Posted on December 30th 2019

To get the most out of your investment in employee benefits, it makes sense to tailor what you offer to the needs of your workforce and your business.

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Property is top priority for inheritance windfall

Posted on December 23rd 2019

Are you likely to receive an inheritance? And if so, have you thought about what you'll do with the money?

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Britain's healthiest workplaces revealed

Posted on December 16th 2019

Promoting health and wellbeing in the workplace isn't just good for your employees: it makes sense from a business point of view.

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Financial advice can boost wealth by £47,000 in a decade, study finds

Posted on December 9th 2019

Financial planning can help you take stock of your life and finances and build up funds for the future, whatever your plans and expectations.

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Research shows EAPs are 'win-win'

Posted on December 4th 2019

Employee Assistance Programmes (EAPs) -- often available as part of group risk policies -- are a popular way of providing employees with additional help and support.

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Most employers don't communicate employee benefits frequently enough, research shows

Posted on December 2nd 2019

From group life, group income protection and group critical illness, to financial education and health and wellbeing initiatives, it's important to make sure staff understand and make use of the benefits on offer.

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Investors overestimate how much they can withdraw from retirement savings

Posted on November 25th 2019

How much will you be able to withdraw from your retirement savings each year? If you opt for drawdown -- taking an income from your pension pot while leaving the rest invested, rather than buying an annuity -- it's important to make sure you keep enough invested to provide an income for life.

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Degree-educated savers more at risk of pension fraud

Posted on November 11th 2019

We all like to think we could spot a scam. But it's worth getting to know how fraudsters operate, and how to protect yourself and your pension savings.

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Nine in ten employers offer EAPs to support mental health

Posted on November 4th 2019

There has been a focus in various outlets on improving the general awareness of mental health in recent years, which has been a very positive step forward. Whilst we have not completely eradicated the 'stigma' that comes with it, more and more people are now comfortable talking about their mental health.

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Retirees who don't seek advice 'more likely to deplete their pension savings'

Posted on October 28th 2019

It pays to take professional advice about your retirement savings -- but don't just take our word for it!

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Retirement Living Standards help savers make pension saving plans

Posted on October 21st 2019

It can be hard to get to grips with saving for your retirement. It helps to picture the sort of lifestyle you want and what it might cost -- and new Retirement Living Standards from the Pensions and Lifetime Savings Association (PLSA) are a good starting point.

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Drawdown pension savers warned of 'financial planning blind spot'

Posted on May 30th 2019

Pension savers who opt for drawdown should consider setting up a Lasting Power of Attorney (LPA), according to insurance group Zurich.

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Supporting employees' mental health makes good business sense

Posted on May 28th 2019

The average British worker has taken five days off work due to mental health in the last 12 months, according to new research by recruitment specialist Michael Page.

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Most over-55s still not thinking about estate planning

Posted on May 22nd 2019

Rising house prices and a freeze on the inheritance tax (IHT) threshold mean that more and more estates are being drawn into the IHT net.

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Paid holiday and pensions are most popular employee benefits

Posted on May 20th 2019

If you're thinking about extending the benefits offering in your organisation, it's important to make sure the benefits you choose are valued by your staff.

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DB providers offering more support and flexibility

Posted on May 15th 2019

People with defined benefit (DB) pension plans are being offered more support by their pension providers, new research shows.

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Record number of families helped by group risk policies

Posted on May 13th 2019

Group risk policies offered by employers provided financial support to a record number of families last year, according to the latest industry figures.

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Almost two in three self-employed people have no pension savings

Posted on May 10th 2019

The level of pension saving among self-employed people in the UK is relatively low, and many would welcome a form of automatic enrolment.

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UK workers would welcome gamified rewards and bonuses

Posted on May 7th 2019

Could 'gamification' of rewards and bonuses help engage employees and motivate them to perform well?

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IHT payments set to double by 2030

Posted on May 1st 2019

Inheritance tax receipts (IHT) are increasing every year, but many people could do more to reduce the amount of IHT due on their estates, according to Canada Life.

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Two thirds of UK employers don't offer perks and benefits

Posted on April 29th 2019

Almost two thirds (65.6%) of employers don't offer workplace perks and benefits to their staff, according to research by CV-Library.

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Pension savers opting for drawdown with no planning

Posted on April 25th 2019

Many retirees are entering drawdown without working out how much they can afford to take from their pot, putting themselves at risk of draining their savings too soon, new research shows.

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One in three UK workers covered by group protection

Posted on April 23rd 2019

More than a third of the UK workforce is now covered by group risk protection benefits, according to research by insurance provider Swiss Re.

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Generation X increase pension saving

Posted on April 17th 2019

Generation X made the biggest contribution to personal pensions last year, according to new research by Salisbury House Wealth.

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Employers plan to improve benefits offering to improve retention

Posted on April 15th 2019

UK employers recognise the role that benefits play in staff retention and want to capitalise on this, new research shows.

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Retirees see drop in private pension income

Posted on April 10th 2019

The pension freedoms introduced four years ago gave people more choice over how to access their retirement savings. But official figures show that this hasn't translated into higher incomes.

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Are employers doing enough to ensure good workplace relationships?

Posted on April 8th 2019

How do employees rate their relationship with their current employer? And what keeps people committed to the same company for several years? Good wages and employee benefits, a positive workplace environment, or opportunities for promotion?

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Survey finds 'worryingly low' use of retirement advice

Posted on April 3rd 2019

Only around one third (32%) of people over 55 who have accessed their pension are using a financial adviser for help with financial planning, according to new research from Canada Life.

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Auto enrolment triggered huge pension saving boost in small firms

Posted on April 1st 2019

New research shows the significant increase in pension saving amongst employees of small businesses in the UK thanks to automatic enrolment.

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'Lifetime Allowance timebomb' could hit over a million workers

Posted on March 27th 2019

More than a million people are at risk of breaching the UK Government's £1.03m lifetime limit for pension tax relief over the course of their working life, new research reveals.

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Employers lack understanding of group critical illness

Posted on March 25th 2019

Only a quarter of employers have a good understanding of group critical illness (GCI) cover, according to new research.

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Investors holding steady despite uncertainty

Posted on March 20th 2019

The political and economic situation in the UK is uncertain, to say the least -- but most UK investors are opting to leave their money where it is.

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Many employees are reluctant to ask for a pay rise

Posted on March 18th 2019

Three-fifths (61.3%) of employees in the UK haven't been given a pay rise in the last 12-18 months, according to research by CV-Library.

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Pension shortfall could force future retirees to change their retirement plans

Posted on March 13th 2019

Research by Nationwide has found that retired people need an average of £885 a month -- almost £400 more than the state pension.

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Half of UK office workers think managers don't care about the workplace environment

Posted on March 11th 2019

One in two office workers (51%) don't believe the company's management cares about their working environment, new research has revealed.

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How much do you expect to leave your loved ones?

Posted on March 6th 2019

New research from Canada Life has revealed that almost one in five millionaires aged 45 and over (18%) expect to spend all of their funds in retirement.

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Rise in auto enrolment contributions 'will be accepted by most savers'

Posted on March 4th 2019

April's increase in auto enrolment contributions is unlikely to have a significant impact on the number of people saving into a workplace pension, according to a new analysis by Royal London.

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Check the beneficiaries of your insurance and pension policies

Posted on February 27th 2019

Many people in the UK never review the beneficiaries of their financial policies, which means they could end up leaving money to the wrong people.

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Group risk and EAPs can support carers in the workplace

Posted on February 25th 2019

Employee benefits aren't just an optional extra that's nice to have. Sometimes, they provide support that enables someone to stay in their job when they have other responsibilities away from work.

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Many over-45s in the dark when it comes to IHT

Posted on February 20th 2019

New research has uncovered an "alarming" lack of awareness about inheritance tax (IHT).

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Supporting return to work after ill-health

Posted on February 18th 2019

How can managers help ensure a successful return to work for employees after a period of sickness absence?

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Retirement planning essential as life expectancy rises

Posted on February 13th 2019

People in the UK are living longer -- and that means it's vital to plan your retirement finances.

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HR leaders plan benefit changes to help attract and retain employees

Posted on February 11th 2019

Businesses are becoming increasingly aware of the measurable impact that benefits have on employee engagement and productivity, new research suggests.

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Warning over pension savers 'sleepwalking' into low returns

Posted on February 6th 2019

Some pension holders who opt for drawdown -- taking an income from their pension pot while leaving the rest invested, rather than buying an annuity -- are "sleepwalking" into poor financial decisions, a pension expert has warned.

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Skills crisis looms as learning & development take a back seat

Posted on February 4th 2019

British workers aren't getting the chance to develop their skills for the future, according to research published by City & Guilds Group.

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Drawdown investors take level-headed approach to stock market moves

Posted on January 30th 2019

People using drawdown to fund their retirement tend to take a longer term view of their investment and are not overly concerned about stock market fluctuations.

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Health and wellbeing: don't forget the needs of remote workers

Posted on January 28th 2019

Employers must make sure they support the health and wellbeing needs of people working remotely, new research suggests.

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Cost of making up NIC gaps set to rise

Posted on January 23rd 2019

Pension experts have warned that special rates on voluntary National Insurance Contributions (NICs) will expire at the end of the tax year.

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Workers feel more positive about their employer when offered wellbeing benefits

Posted on January 21st 2019

Employees say they would feel more positive towards their employer if they were offered bonuses and other benefits.

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Half of 50+ workers want to avoid 'cliff edge' retirement

Posted on January 16th 2019

How do you want to retire? Would you prefer to cut down your working hours before full retirement, or just stop work altogether?

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How employers can support health and wellbeing at work

Posted on January 14th 2019

Employers who take a lead on workplace health can have a positive impact on their employees’ health and wellbeing, with clear business benefits.

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MPs examine 'contingent charging' for pension transfer advice

Posted on January 9th 2019

A House of Commons committee is to investigate 'contingent charging' on pension transfer advice, following concerns about potential conflicts of interest.

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Mid-career employees worried about not saving enough for retirement

Posted on January 7th 2019

New research highlights the benefits of offering access to financial advice at work, with many employees concerned about managing their money and saving for retirement.

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With pension drawdowns increasing, half-yearly reviews could become the norm

Posted on January 2nd 2019

Pension savers are looking to have more frequent drawdown reviews with their financial adviser, according to research conducted for insurance, savings and pensions provider Zurich.

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