Slavery and human trafficking statement
This statement is made pursuant to Section 54 of the Modern Slavery Act 2015 (the “Act”) and sets out the steps taken to ensure slavery and human trafficking is not taking place within our business or supply chain.
We, Wealth at Work Group Limited and its subsidiaries which includes Wealth at Work Limited (the “Group”) are committed to improving our practices to combat slavery and human trafficking in our business and supply chain.
We are a provider of financial education, guidance, advice and investment management services with our head office located in Liverpool. Our ultimate parent company is Mercatus Topco Limited registered in Jersey. The average monthly number of persons working on behalf of the Group during the 2022 year was circa 290.
For year ending 31 December 2022 the Group’s turnover was circa £38.1 million and Wealth at Work Limited had a turnover of £37.6 million.
We are a leading financial wellbeing and retirement specialist – helping those in the workplace to improve their financial future. Established in 2005, our financial coaches work with hundreds of organisations across both the private and public sector by providing financial education and one to one guidance. This can be arranged on a bespoke basis and covers a full range of topics.
For those wishing to understand their personal financial situation, support is also provided through our helpline. At this point, we can provide access to a savings platform, or provide regulated financial advice. Our advice service supports those who need specific recommendations which is particularly useful for those at retirement.
We work with many of the UK’s leading companies and pension schemes to help their employees and members understand their personal financial situation, whether they’re saving for their future or looking how best to make the most of their income at the point of retirement.
Our supply chains
Our supply chain includes mainly service providers that we utilise for Marketing, IT, HR, Finance and Investment Management to support our services. Such suppliers may provide hosting, software and mailing services or technology, administration and custody services in order to support our investment transaction and custodial requirements.
For 2022 we are not aware of any modern slavery concerns in our current supply chain.
Our policies on slavery and human trafficking
We have implemented an anti-slavery and human trafficking policy which reflects our commitment to acting ethically and with integrity in all our business relationships.
We are committed to achieving a working environment which provides quality of opportunity and freedom from unlawful discrimination. Our equality & diversity policy aims to remove unfair and discriminatory practices within the Group and to encourage full contribution from its diverse community. We will not tolerate bullying, discrimination, harassment or victimisation by or towards any of our employees, suppliers, contractors, visitors of client.
Our whistleblowing policy is designed to deal with any concern raised in relation to issues which are in the public interest. We support all staff and encourage an open and transparent workplace where employees feel safe to report any concerns that they may have. Our policy provides information and guidance for staff on reporting any wrongdoing and we have provisions in place to comply with the Public Interest Disclosure Act 1998.
Our policies are available to all staff.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we intend to introduce training to all our staff.
To ensure that there is no slavery or human trafficking in our supply chains we intend to take the following further steps to combat slavery and human trafficking:
- conduct a review of procurement policies and any other existing policies and procedures relevant to modern slavery, or if not already in place, develop appropriate policies and procedures;
- undertake a review of existing supplier arrangements, particularly in high-risk sectors or jurisdictions and where necessary seek to amend agreements to ensure that suppliers are obliged to comply with any applicable requirements of the Modern Slavery Act 2015; and
- consider a training and sensitisation programme to train all staff.
This statement constitutes our slavery and human trafficking statement for the financial year ending 31 December 2022. It was approved by the board of directors on 30 June 2023.
Chief Executive Officer