Many employees can often struggle to understand some aspects of financial issues that relate to them and often fail to understand the various benefits on offer in the workplace. The reasons for this are not hard to find. Our experience shows that passively delivered information – through booklets or intranet sites – is largely ineffective. Our approach to education revolves around a proactive and interactive delivery, aiming to create a deep and lasting understanding to each cohort of the employee population.
The needs of every organisation are different. Our experience shows that classroom-based delivery is the best way to enhance understanding of financial matters for most employees; but this may not always be possible.
In view of this we also have a range of online education formats which include webinars, webcasts, animation and tailored company specific interactive microsites.
We tailor financial education to suit the individual needs of your company and its employees.
Our three stage approach to developing a financial education programme includes:
A review of your reasons and objectives for looking at financial education and how this fits with the company benefits you have on offer.
We also look at the profile of your employee population e.g. demographics and take-up rates of existing company benefits. This means that we can identify potential opportunities for your employees, e.g. creating more value from the new pension flexibility rules; as well as identifying weak points, e.g. poor tax planning for executives.
Having completed the review, we will work through our findings with you to illustrate what we believe needs to be done.
We will then create a financial education programme tailored to your company and its employees.
Following a retirement seminar, employees will receive the opportunity to download a workbook which will enable them to put what they have learnt into context following financial education.
All education programmes we deliver are tailored to the needs of each organisation whether it is:
Typical topics covered include:
Value can be added by providing tailored financial education programmes for your employees. Here are a few examples:
With more choice available, it is important for employees to understand the options available so they can make good decisions at retirement. Our education seminars highlight the main income options, their advantages and disadvantages and where to get further help and advice.
One to one guidance
Having a one to one conversation is a key part of our service to help employees clarify elements of their financial situation. This can be via clinic sessions in the workplace, which typically last 30 minutes, or by telephone. For many this guidance will answer their questions; however others may need full regulated advice. Please see below for more information.
Some employees will need personalised support to make important financial decisions, particularly if they have complex investment and tax considerations or are looking to retire.