Financial education
PMI launches financial education and guidance service
The Pensions Management Institute (PMI) has launched a financial education and guidance service supported by Wealth At Work.
Case study: How Aviva prepares its future retirees
Aviva has started running dedicated retirement preparation seminars for its clients. Having attended one, James Phillips explains how the sessions are run.
Industry-wide universities programme needed to boost diversity and trust
The industry needs to come together to develop a financial education programme for university students to encourage more to enter the industry, thereby also building trust, Gina Miller has said.
Are employees being empowered by financial education in the workplace?
Michael Klimes asks if the tools that companies use to help staff understand pensions and finance are sufficient
DB trustees have high financial literacy but lean towards groupthink
Almost all defined benefit (DB) trustees show excellent understanding of financial concepts, but most boards lack diversity.
Michelle Cracknell: Simplifying pensions is wrong focus for industry
The industry needs to take a different approach to empower the public to manage their pensions says The Pensions Advisory Service (TPAS) chief executive.
How can members be empowered to avoid running out of money in retirement?
Charges and poor returns can seriously reduce the amount of income people have in retirement. Michael Klimes looks at what can be done to help avoid these pitfalls.
Have your say: Has the Pension Schemes Bill strengthened the master trust market?
This week, we want to know if the Pension Schemes Bill adequately addresses weaknesses in the master trust market and what the biggest obstacle to setting up the pension dashboard is.
Young do not know difference between pensions and bank accounts
The pension knowledge gap of younger savers is bigger than previously thought and is affecting their potential retirement funds, research from Jelf Employee Benefits finds.
PBUK: Samsung launches workplace ISA to tackle changing benefits landscape
Samsung has introduced a workplace ISA to address the changing savings priorities of its 1400 staff.
Industry must move to services model to deliver value for money
The pensions industry must move away from a product mind set to deliver better outcomes for members according to Jonathan Watts-Lay.
Pensions dashboard will boost member engagement
Nearly 60% of advisers believe a digital dashboard will help people engage in retirement planning.
How should risks to DB benefits be communicated to members?
The Pensions and Lifetime Savings Association's DB taskforce is exploring whether members should be better informed about the risks to their benefits. Kristian Brunt-Seymour looks at how this could work
Lack of confidence in pensions is major challenge for industry
Figures reveal a lack of belief in pensions which will be difficult to overcome.
Altmann: industry should create standard form for DC members
The pensions minister has called on the industry to devise a standardised document to present members' defined contribution (DC) savings in the same format.
All generations have chronic lack of financial knowledge
Employees of all ages are suffering from major gaps in financial knowledge according to research by Barnett Waddingham.
Top ten ways to maximise retirement income
Retirement planning, collating information and managing costs are among the best ways for defined contribution (DC) members to optimise their retirement income according to WEALTH at Work.
How to build financial resilience among lower-paid employees
Financial resilience is a high indicator of financial wellbeing. Debi O'Donovan explores how employers can effectively meet the problem for their workforce and boost business productivity.
Will robo-advisers be used for workplace advice?
Robo-advisers could potentially be used to provide advice to employees, panelists at a WSB webinar said.
Tories line-up Ros Altmann as financial education minister
Ros Altmann is to be nominated as a Conservative peer and will be made a minister with responsibility for consumer protection if the party wins next month's general election.
Pension freedoms expose need for financial education
The vast majority of employers believe the retirement reforms announced in the Budget will require greater workplace financial education.
DC members unwilling to pay for drawdown advice
Defined contribution (DC) savers who intend to manage their own pension pot in retirement are unwilling to pay for regular advice, according to research from Hymans Roberston.
Current benefits packages not fit for purpose by 2020
Almost half (48%) of UK companies do not believe the benefit programmes they have in place today will be fit for purpose in 2020, a report by the Economist Intelligence Unit reveals.
