- Behavioral Change Results (4th Quarter of 2007)
Summary of Behavioral Change Survey Results from over 100 workshops conducted for State of California Public Employees from October 1, 2007-December 31, 2007
Financial Finesse, Inc., January 2008
- 2007 Year in review
A review of 2007's most commonly asked questions and topics from callers to our Financial Helpline.
Financial Finesse, Inc., January 2008
- How to Measure ROI of Your
Financial Education Programs
One of the most common questions we receive from HR
managers is how to measure the return on investment
(ROI), or the success, of their financial education
programs.
Best Practices in Compensation & Benefits Newsletter, November 2007
- Financial Finesse and CalPERS selected as Profit Sharing/401k Council of America Announces 2007 Signature Award Winners
CalPERS and Financial Finesse are selected to receive the Gold award in the Retirement Readiness category.
PSCA.org, October 2, 2007
- Testimony of Liz Davidson before the Department of Labor's ERISA Advisory
Council Working Group, hearing on "Financial Literacy and the Role of the Employer."
"Any firm that offers a retirement plan should provide employees with financial education around how
to make informed decisions on how to use these plans to achieve their retirement goals.... The risk ... is that employees assume
they are set for retirement, only to have a rude awakening when it is time to retire."
Liz Davidson, September 19, 2007
- How to Increase Pay Satisfaction
With Financial Education Programs
According to CareerBuilder, 27 percent of job leavers
cite compensation and career advancement reasons,
making this the principal factor affecting employee
turnover. A Virginia Tech study found that employees
with high debt levels, who struggle to pay their bills, are
up to three times as likely to quit or have performance
problems at work. They are also more likely to feel their
compensation isn't fair and ask for pay increases.
Best Practices in Compensation & Benefits Newsletter, August 2007
- Getting Ready for Retirement III: Generation-X Gets Serious about Planning
Gen-X will be the first generation to feel the full brunt of current trends - such as increasing
longevity, higher retirement ages, more defined-contribution retirement plans and fewer defined-benefit pensions,
and potential changes to the Social Security system - that will fundamentally alter the social and financial nature
of retirement.
CFP Board eNewsletter, July 2007
- Best Practices for Educating Younger
Employees About Retirement
Today, most companies are focusing retirement planning
efforts on the Baby Boomer generation out of necessity.
However, more proactive firms are beginning to take
notice of Generations X and Y, understanding that getting
these employees to start saving for retirement now will
ward off a retirement crisis later.
Best Practices in Compensation & Benefits Newsletter, June 2007
- Retirement Readiness Programs
For Employees Close to Retirement
A recent USA Today study on retirement preparedness, it
was reported that, on average, an American aged 50 to 59
has just over $54,000 saved in a retirement plan at work.
Financial planners recommend having at least $1 million
to retire comfortably-or more-depending on your
lifestyle.
Best Practices in Compensation & Benefits Newsletter, April 2007
- Educating Your Pre-Retirees
As Baby Boomers prepare for retirement, companies are
scrambling to provide resources to ensure their
comfortable retirement.
Best Practices in Compensation & Benefits Newsletter, February 2007
- 2006 Year in review
A review of 2006's most commonly asked questions and topics from callers to our Financial Helpline.
Financial Finesse, Inc., January 2007
- Press Release October 2006
Increased demand for financial education in the workplace spurs Financial Finesse to expand their team of CFP educators and seek a VP of Financial Education Services
Financial Finesse, Inc., October 2006
- Profit Sharing/401k Council of America honors Signature Award Winners for excellence in plan communication and education
Financial Finesse's education and content is honored with two Signature Awards from the Profit Sharing/401k Council of America, for the third consecutive year.
Financial Finesse, Inc., October 2006
- Education Provider of the Year
Financial Finesse is honored by Institutional Investor as the Education Provider of the Year.
www.iinews.com, May 2006
- Personal Debt Can Drive Employees to Distraction
Employers are beginning to realize the negative effect that debt can have on their workforces, and many are taking action by offering financial education programs.
workforce.com, April 2006
- Institutional Investor News Award Nominees: Education Provider of the Year
Finanical Finesse was selected as a nominee for Education Provider of the Year by Institutional Investor News.
www.iinews.com.com, February 2006
- Dollar Doldrums: Help Employees Mend
their Money Woes with Financial Services
Workplace financial training comes in a couple of flavors:
It may be similar to coaching, giving targeted advice about an employee's
individual financial goals; or it can be broader, introducing concepts and
techniques such as investing for retirement.
Entrepreneur, January 2006
- 2005 Year in Review
A review of 2005's most commonly asked questions and topics from callers to our Financial Helpline.
Financial Finesse, Inc., January 2006
- Cashing Out: Helping Employees with Retirement Plan Distribution Decisions
The baby boomers are starting to retire. Young employees are leaving work
for new jobs or school. Decades apart in age, both face a common decision: what
to do with the money in their employer-sponsored retirement accounts.
Society for Human Resource Management Online, December 2005
- Helping Employees Understand the Pros, Cons of Hardship Withdrawals
Some companies offer hardship withdrawals in lieu of loans against the
retirement plan. Typically, the withdrawal is processed after the employee
requests it with no questions asked. So, how can education be used as a
gatekeeper and to help employees become aware of the pitfalls and their
alternatives?
Best Practices in Compensation & Benefits, December 2005
- How a 529 Plan Helps Employees Save Money
Since the early 1980s, college education costs have been rising at double the
rate of inflation. It is no wonder that almost 50 percent of parents with
children under age 18 indicate their number one financial goal is to ensure
their children go to college.
Best Practices in Compensation & Benefits, October 2005
- Financial Finesse's Unbiased Approach to Financial Literacy a Hit
with Credit Unions
Education has made all the difference to Financial Finesse CEO Liz Davidson....
"I realized my heart was with the financial education effort and... I wanted to
make it about what consumers need to achieve their goals". The result was the
founding of Financial Finesse in 1999 to provide unbiased financial education
to employees and members.
Credit Union Times, August 2005
- Tips to Increase Participation Among Lower-Compensated Employees
If your company failed retirement plan discrimination testing,
or you are concerned that you will, here are some ideas for targeting
lower-compensated employees to increase participation...
Best Practices in Compensation & Benefits, August 2005
- RETIREMENT PLAN ADVISOR: Advice to the Masses
Financial Finesse is blazing a trail as the first full-service financial education firm providing unbiased financial education
to its client companies' on everything from retirement planning to credit card debt.
Investment Advisor, July 2005
- Farmers Insurance Group FCU Increases New Member Growth
Farmers Insurance Group FCU increases new member growth by 25% with an innovative member education program.
CUES, June 24, 2005
- Using Financial Education To Increase 401(k) Participation
Sometimes, the biggest barrier to plan participation is
lack of knowledge. For employees that have little or no experience investing,
a 401(k) plan can be very intimidating. One of the most effective ways of
increasing plan participation is to ensure your employees receive adequate
financial education about your plan.
Best Practices in Compensation & Benefits, June 2005
- Financial Education a Direct Route to Member Loyalty, Brand Recognition?
Credit Unions are learning to never underestimate the power of providing financial education.
"Our research has found that most credit unions that are diverting dollars from traditional marketing to
educational efforts have reported great success...establishing themselves as trusted resources where members
can find unbiased answers to their financial questions."
Credit Union Times, May 11, 2005
- Retirement Plan Success: A Tale of Three Hospitals
Financial Finesse works with children's hospitals around the country to help them maximize the value of their
retirement plan, manage critical plan design changes, and address employees' financial issues. In all cases,
we've customized the programs to meet the hospital's specific needs and in all cases the hospital's needs and
objectives have been different. Most programs combined live workshops with personalized financial counseling
and coaching. Others incorporated online education to reinforce the learning and reach employees with untraditional
work hours who couldn't attend workshops.
Liz Davidson CEO and Founder of Financial Finesse, May, 2005
- Responding to Requests for 401(k) Loans Without Providing Advice
Many employers are faced with this dilemma as employees
use their 401(k) funds to pay down debts, purchase a home, or cover medical
expenses. Offering a loan provision in your retirement plan is an important
feature that provides employees access to their money when they need it.
Best Practices in Compensation & Benefits, April 2005
- Financial Education Becomes Workplace Staple
"Low participation in the retirement plan prompted benefits staff at Children's Health System in Birmingham, Ala.,
to ask employees why they weren't saving for the future....That's when the system hurried a financial education
program onto its menu of employee benefits"
Work/Life Today, February, 2005
- Debt Problems Top Priority Among Workers
Overall, Davidson says, the demand for workplace education programs is on the rise- for various reasons.....The
company Davidson adds, is looking for more CFP's to create educational content and to interact with clients and
their employees. The company's CFP's work as full-time employees..."It's a job for planners who are passionate
about educating, but don't enjoy the prospecting and selling".
Financial Advisor, March 30, 2005
- Member Gateways, Affinity Plus Help PCS Help
CUs Make Mortgages to Credit Impaired Members
"That's why the CUSO has developed a relationship with financial education firm Financial Finesse....He explains that
Financial Finesse gives credit impaired members a written roadmap called "Personal Financial Coaching" that includes a
series of online tools members can use to help restore their credit integrity and a toll-free helpline they can call."
Credit Union Times, March 16, 2005
- More Budget and Savings Calls, Less Debt Calls in 2004
Financial Finesse...is reporting that 2004 trends indicate that employees are increasingly taking control over their finances.
PLANSPONSOR.com, March 22, 2005
- Saving While There's Time
Sometimes, employees just need to be educated about basic financial planning before they can even
think about signing up for 401(k) programs... Through an educational program offered by Financial Finesse...
Children's Health System's 401(k) participation rate jumped to a much healthier 72 percent.
Human Resource Executive, March 16, 2005
- 2004 Year in Review
2004 was a watershed year for our Financial Helpline callers. Where we generally see incremental changes in call topics
and questions from year to year, the changes in 2004 were more significant. Taken together, the changes all point to the
same trend: Employees are beginning to take greater control over their finances. They are becoming more proactive about
improving their financial situations and planning for the future.
Financial Finesse, March 2005
- Research on How Financial Education Changes Employee Behavior
The survey was sent out 45 days following the launch of a comprehensive financial education program at Arkansas Children’s
Hospital. There was a 60% response rate with 56 employees responding.
Financial Finesse, February 2005
- Single-Sponsor CU Credits Educational Seminars With Driving Growth
Many credit unions offer or sponsor financial education workshops for members. But Farmers Insurance Group FCU says its relationship
with one such education provider has helped drive its net member growth.
The Credit Union Journal, January 2005
- Financial
Helpline: A Growing Employee Benefit
We live in a world where employees financial
issues can have a huge impact on their company, and vice versa. Where
there was once a separation between employees and employers, now the
fates of their finances are inextricably linked.
InFRE, International Foundation for Retirement Education,
December 2004
- Change
Management Easier with Financial Education
Although not much different from recent
years, the situation was less than ideal. Employees were lured away with
promises of more pay or better benefits. The recruitment machine chugged
along at full capacity. There was constant training for new hires.
Best Practices in Compensation & Benefits, a publication of
Business & Legal Reports (BLR), Inc. Website: www.blr.com, December 2004
- Farmers Insurance Group Federal Credit Union: Case
Study
Farmers Insurance Group Federal Credit Union
(FIGFCU) Increases New Member Growth by 25% with the Help of an
Innovative Member Education Program from Financial Finesse
FIGFCU Case Study, November 16, 2004
- Coaching versus classes: how to package financial
education
Almost everyone agrees that employees need to
learn more about how to save for retirement, but there is little
consensus about how to package financial education to make it compelling
for them.
Employee Benefit News, November 2004
- Financial Finesse's Model Education Program Wins
Prestigious Award from The Profit Sharing/401k Council of America
Financial Finesse, one of the nation's
leading providers of unbiased financial education programs to
corporations, announced today that the Financial Finesse Model Education
Program was awarded first place in The Profit Sharing/401(k) Council of
America's Signature Awards for Complete Campaign under 5,000 Employees.
This award recognizes excellence in the areas of plan communication and
financial education.
Press Release, November 9, 2004
- Money
Matters: Financial Education Makes Headway as an Employee Benefit
5 years ago, financial education wasn't even
on the radar for HR executives. In fact, it wasn't even a term. Today,
some of the nation's largest and most prestigious corporations are
implementing companywide financial education programs as a new employee
benefit.
Workspan, November 2004
- Retirement Plan Advisor Roundtable on Financial
Education
Financial education is rapidly becoming an
emerging employee benefit--one that is either in place or being
considered by the nation's most prestigious and innovative companies.
Reprinted with permission from the October 2004 issue of Employee
Benefit Plan Review
- Education Firm Finds Participant Retirement
Planning Focus
Participants calling in to the helpline of a
San Francisco-based financial education company during the second
quarter of 2004 were more focused on investment planning rather than on
withdrawing retirement savings funds.
PlanSponsor.com, September 2004
- Financial Seminars Spur Greater Employee Savings
Hospital's focus on worker education helps cut
turnover rate almost in half over two years.
Work Life Today, September 2004
- Selecting
the Right Financial Education Provider
Faced with an aging work force anxious about
retirement and concerned about 401(k) participation and discrimination,
more employers are turning to financial education providers for help.
Employee Benefit News, August 2004
- Financial Finesse: DC Plans Offer Industries Under
Financial Pressure Relief
Financial Finesse has noticed a trend toward
the elimination of defined benefit plans in industries under financial
pressure.
Defined Contribution News, August 2004
- Case
Study: Hospital Doubles Retirement Plan Participation
There's been a trend towards live,
personalized financial education and away from online content and advice
for the last couple of years, still many have questioned whether
financial education really works. Now the numbers are starting to show
that this approach can be remarkably successful if implemented
correctly. The Children's Hospital of Pittsburgh partnered with
Financial Finesse and doubled their plan participation
in less than a year with a comprehensive, heavily marketed personalized
financial education program available to all benefits eligible
employees.
Children's Hospital of Pittsburgh Case Study, July 2004
- Financial Finesse: Fewer 401(k) Loan Calls Mean
Better Economy
Fewer 401(k) loan calls into Financial Finesse
financial education firm is due to an improving economy.
Defined Contribution News, June 2004
- New Year Ushers In Financially Optimistic Help Desk
Calls
Employees entered the new year with renewed
optimism about their financial futures, asking more questions about
money management and investing, with fewer crisis calls.
PlanSponsor.com, June 2004
- The 401(k) Buy-In
Competing with corporations and government
agencies for good staff is not easy. Offering a good benefits package is
one tried and true strategy associations use to lure and retain
employees and help offset lower pay.
Association Management Magazine: Insurance & Financial Services
Directory, March 2004
- Help
Desk Call Volume Points To Mounting Retirement Concern
Measured by increasing call volume to
Financial Finesse's help desks, retirement planning and saving are two
issues the aging Baby Boomer population is beginning to sit up and take
notice of.
PlanSponsor.com, February 2004
- A
Penny Saved
Helping employees to help themselves when it
comes to finances could earn employers a competitive advantage.
Workspan, January 2004
|
|
privacy statement