Conference Date - Sept. 9, 2012
Go directly to our website, PFEEF.org to sign up for
"Financial Wellness at Work" with the Employee Benefit News Conference in Phoenix, Arizona |
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Help your employees with their financial education. You can find an organization to provide these service by going to PFEEF.org and click on Quality Providers. |
Increase Your Company's Productivity through Financial Education
Employers can now estimate the value of providing financial education workshops to their employees through our ROI (Return on Investment) calculator. Go to www.personalfinancefoundation.org
one of our affiliated organizations to educate your employees through workshops, online courses, or money coaching, we will work with you to do pre-and post-testing to show how your company has increased its productivity.
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Personal Finance Employee Education Foundation
1940 Duke Street, Suite 200
Alexandria, Virginia 22314
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Welcome to the Personal Finance Employee Education Foundation Newsletter
Please join others in staying informed about the importance of workplace financial education through our monthly newsletter. We appreciate your interest. |
New Feature Added to the PFEEF Website
The Personal Finance Employee Education Foundation has added a new feature to its website. We now have a Providers Blog which will enable our Quality Providers to discuss the benefits of financial education in the workplace. Be sure to check it out and if you choose, make a comment. Go to PFEEF.org to see the blogs. |
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Education Does Change Employee Financial Behavior
Employee financial education can in fact improve employee engagement with retirement benefits and help them do a better job preparing for the future.
That's the conclusion being drawn from a new workplace investor education program that's been field tested on nearly 8,500 employees in hundreds of workplaces in Pennsylvania, North Carolina and Wisconsin.
The program, Investor Education in Your Workplace, is a project of the nonprofit Investor Protection Institute with support provided through the Investor Protection Trust. It is carried out jointly with state securities agencies and the National Credit Union Foundation.
click here for the full story
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MetLife Study: Employers are Between a Benefits Rock and a Budget Hard Place
The annual MetLife Study of Employee Benefits Trends which tracks major trends and attitudes on the subject of employee benefits was recently released and it has a good news/bad news message for employers.
First the good news: It seems the turbulent economy, while bad for just about everything else, is actually good for benefits. Nearly two-thirds of employers - across all sizes of companies, see economic conditions as a catalyst for increasing employee dependence on benefits. And they also recognize that this creates greater opportunity for benefits to drive business objectives.
The bad news? Just as the opportunity for benefits is increasing, 40% of employers report they are very concerned about their ability to sustain their benefits program in the face of budget constraints. And the study also finds that employee loyalty is continuing the downward trend seen in previous years; in fact, loyalty towards employers is now at a seven year low. For one-in-three employees, this translates into a desire to be working somewhere else in 2012 - especially if they are part of Generation Y where the percentage with one foot out the door rises to 54%. click here for the full story
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Survey: 63% Say They're Saving Too Little for Retirement
The majority of Americans, 63%, do not believe they are saving enough for retirement, according to an Edward Jones survey released Friday. In addition, the April poll of 565 individuals found, this outlook varies by region.
In the Midwest, only 54% of those surveyed felt they were not saving enough. However, this number spiked to 68% in the West, 64% in the South and 63% in the Northeast, perhaps reflecting higher expenses in certain regions and real estate price discrepancies.
When asked why they did not feel they were saving enough, 32% said it was because they had too many current expenses, 10% referred to retirement as not being attainable, 10% believed it is too early, 5% said retirement was not desirable and 4% were too busy. click here for the full story
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Employees Report Low Financial Stress-Maybe Too Low
Employees who are the least stressed are the farthest behind in financial planning, a Financial Finesse report found
At first glance, employees appear to be doing well. Their financial stress levels have been declining steadily since the first quarter of 2010. A special report released Thursday by Financial Finesse, though, finds that employees may be getting too complacent and that these lower stress levels are actually dangerous.
One giant red flag, according to the report, is that of the 16% of employees who report having no financial stress, 68% also report being unprepared for retirement. A majority don't have a will or trust established and only half say they have enough life insurance to protect their family. click here for the full story |
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