Catherine has got 20,000 shares vesting from her Performance Share plan and she doesn’t own any other shares. Is her concentration risk acceptable?
Today, leading companies spend more money and allocate more resources to their employee benefits programmes than ever before. Unfortunately, research shows that many employees fail to understand these benefits fully -particularly the financial ones such as pensions and share schemes.
In addition, many of these benefits can now be enhanced to drive more value for the employee with little or no extra cost for the employer.
Our services include:
- Financial education
- Flexible Savings Platform which utilises the Workplace ISA & Workplace SIPP
- Advisory services
We work with a number of major companies, helping their employees to understand the benefits on offer and how to maximise their value.
Our objective is to create a more motivated, engaged and loyal workforce, enjoying greater financial security. WEALTH at work can help organisations and their employees maximise the value of their workplace financial benefits.
Many employees fail to understand their workplace financial benefits fully, whilst many employers fail to use them in a way to enhance the value for employees. For example, profits gained through share schemes can be liable to capital gains tax but this can be mitigated. Equally, pressure is increasing on employers from both government and regulators to ensure employees:
- Understand the impact of concentration risk in company shares schemes
- Understand their full range of choices for income when retiring
Cost is also a key driver in helping employers to offer benefits in a more efficient manner. For example are the costs of your pension plan spiralling out of control? Would a Workplace SIPP be better than a defined contribution pensions plan? Should a Workplace ISA run alongside a share scheme?
