a company or employer.
tackle financial stress and improve workplace performance
make your employees’ finances a top priority
The distractions of personal finances and the impact on employees’ productivity in the workplace cannot be understated. Their wellbeing should be a top priority for you as an employer, as by reducing the money worries that are present in the workforce, you can bolster your bottom line.
Common causes for this loss of productivity include stress and tiredness from sleepless nights, absence from work due to poor mental health, to which financial stress is a key contributor and managing finances during working hours.
Key issues that your employees may be facing include:
Consumer debt is at near-record levels, so borrowing is the biggest cause of concern to employees. (PwC’s Precious Plastic Study, 2017)
In 2017, the average household spent 147% more on their household debt than they have disposable income. (PwC’s Precious Plastic Study, 2017)
18% of Britons are concerned about their ability to meet future debt repayments. (PwC’s Precious Plastic Study, 2017)
46% of all UK adults report low knowledge about financial matters (FCA’s Financial Lives survey).
expert advice
this is how we provide solutions to your employees’ problems
We will tailor our support to the needs of your workforce. Therefore, understanding these needs is paramount.
For example, the solutions we provide to those under the age of 35 will include things like getting on the property ladder and company pension schemes. While those over the age of 40 may be worried about their retirement and whether they will have enough in their pension to retire and move to a larger home.
Providing targeted education
We provide financial education during every stage of their career and life; this can be done via face-to-face seminars, online webinars, and regular blog posts. We recognise that it is important to deliver meaningful communications. Therefore, we can work with your HR team to ensure that your workforce receives the most support from your financial wellbeing programme.
Offering financial guidance
We offer financial guidance sessions for employees who need one-to-one support. These are 15-minute sessions held both in private and in confidence. Our financial guidance clinics are an opportunity for your employees to ask an adviser any specific questions involving several areas. For example, our “at retirement” clinics are for employees who are deciding how best to access their workplace pensions and retirement savings.
Giving regulated financial advice
Regulated financial advice will help your employees understand their financial situation. This comes down to ensuring that they do the right things at the right time. Whether they are saving for the future, buying their first home, or deciding on their retirement income options, we can support them by providing a personalised recommendation, bespoke to them.
Please note that, due to regulatory reasons, there is a boundary between financial guidance and regulated financial advice. If a question that your employee asks requires regulated financial advice, we will inform them of this.
what we offer
how it benefits your company
Our financial wellbeing programme comes at no cost to you as the employer. We can help you retain talent within your business through employee benefits that add real value and make a difference to your employees.
For those employees who wish to receive regulated financial advice, typically after utilising the financial education and/or the financial guidance services, we offer discounts on our fees to the employees of our Corporate Partners. Other benefits include…
Increase in productivity
By providing your employees with the tools to address their challenges, you will be reducing their distractions in the workplace. This in turn will increase their productivity and bolster your bottom line. A happier team is a more productive team.
Better retirement management
Having your employees think ahead to their retirement and plan accordingly gives them a point in time when they plan to retire. This provides the opportunity for your employees to inform you of their retirement plans and allows you to plan for it too, rather than just receiving their notice and having to figure out how to replace them in what can be a short time.
frequently asked questions
What input do you need from us, the employer?
For your employees to receive the maximum benefit of the programme, they must be aware of the programme. We will need you to inform them of the programme and send reminders that the employee benefit exists. Don’t worry, though; we can provide you with some content ideas to make this easy for you because we understand that you have a million and one other things on your plate.
Why do you offer discounts to our employees?
Our marketing costs are reduced by being introduced to your employees. We, therefore, pass these cost savings onto your employees (revolutionary, we know). Doesn’t that sound like a win-win? Your employees receive discounted (and in some cases fee-free) advice; you are providing this benefit and they are extremely grateful to you for this; and we have more clients to grow our business.
How is the mortgage advice fee-free?
We do not charge your employee a fee. However, we do receive payments from the lenders for putting the mortgage in place, which we will always inform your employees about. Therefore, we still receive payment for our work. By not charging your employee a fee, we are essentially providing a discount, which takes into account our reduced marketing costs.
Where is the boundary between guidance and regulated advice?
Guidance allows us to provide information to your employee about the options available to them and where they may be appropriate. Regulated advice is providing a personalised recommendation. For example, “In your particular case, I would recommend you do this”.
Ready to take the next step?
We love meeting new people – learning about you and the company you are part of. If you would like to find out more about how we can help you to support your employees, please schedule an introductory meeting with us by clicking on the button below.
Some employee benefits are not regulated by the Financial Conduct Authority
Your home may be repossessed if you do not keep up repayments on your mortgage.
The value of pensions & investments and the income they produce can fall as well as rise. You may get back less than you invested.
drop us a line
You can read a copy of our Privacy Notice by clicking here.
kind wealth
adds value
When deciding the fees we charge for advice we want to be sure you receive value for money and that the solutions we recommend are likely to deliver your objectives.