Frequently Asked Questions

Financial education in the workplace is a key component in ensuring individuals know how to both manage debt and save for the future. Many employees often struggle to understand basic financial and investment issues, which is a cause of concern to both government and employers.  Financial education will help to ensure employees understand the importance of workplace savings and pensions.  Furthermore, financial education can help employees to understand their company’s benefits programme and how it can maximise the total value of an employee’s wealth, which is essential, especially in the current economic climate.

It is also increasingly acknowledged that one of the biggest financial decisions most people will make in their lives is how they will maximise their income at retirement.  This is crucially important, as making a poor decision can result in lower income throughout retirement.  Financial education can help ensure that employees understand the options available.

In August 2012, the Chartered Institute of Personnel and Development (CIPD) conducted a survey which states that 53% of UK employees are concerned about finance in retirement and 39% of employees are only just making financial ends meet.

WEALTH at work also conducted a retirement survey in December 2014 to help identify the approaches and opinions of a range of companies to see how, and if, they are recognising the growing need to support employees at retirement. The results found that only 15% of employers believe their employees are making sufficient retirement savings and 88% consider professional retirement planning including financial education crucial for their employees.

Companies of varying size and sectors engage with our services. We design specific programmes for each client to ensure it meets their requirements.  Fees are therefore dependent on the exact requirements.  Please contact us if you would like to receive a quote for a financial education programme for your organisation.

We analyse the needs of our clients and create a tailored solution that is specific to your business.  We deliver high quality, comprehensive and effective financial education through bespoke seminars, webcasts, webinars, and one-to-one guidance sessions, as well as offering a range of other expert tools and resources to complement these areas.

We constantly strive to deliver value for money and offer a service with an engaging experience which encourages attendees to take positive actions towards planning and saving for their financial future.  We find that this is best achieved by working with groups which have between 20 and 30 attendees. However, there is no limit to how many employees can attend and we will work with you to develop and deliver a financial education programme that suits the needs of your employees and organisation.  Employees can attend a seminar through a variety of ways, and we can deliver financial education via a range of methods, for example, classroom based delivery, webcasts, DVD’s and webinars.

In August 2012, the Chartered Institute of Personnel and Development (CIPD) launched a new guide to help employers improve financial awareness and prevent their employees from financial worries.   The guide also details that three quarters of employees report that their organisation offers no form of financial support or advice, which if offered, would help them to understand and manage their finances.  The CIPD guide on workplace financial education is essential for those employers who wish to understand the commercial benefits of excellent financial education and key considerations in order to ensure that the right supplier is selected. Please see The Chartered Institute of Personnel and Development (CIPD) to learn more.

Yes, we have financial education experts based in regions across the whole of the UK, and together, our team are able to deliver seminars at multiple sites on single days to ensure that all employees receive the same financial education at the same time.  Furthermore, as well as class-room based delivery, we can deliver financial education via a range of other delivery methods, for example online, whereby seminars are delivered either by webinar or webcast.

In these challenging economic times, with the introduction of many new regulations such as auto enrolment, removal of the default retirement age and enhanced options at retirement, employers and employees are often overwhelmed with the vast considerations which critically need to be understood.

Together with insufficient retirement savings, over indebtedness and a general lack of knowledge, employees have a pressing need for financial education in the workplace.

This is of special concern for those considering retirement. Employees save for many years to fund their retirement income but are often left without any guidance at the point of retirement. This is especially important as the decision an individual makes at retirement is probably one of the biggest financial decisions they will make in their life.

WEALTH at work has helped employees from many companies to understand not only their options at retirement but also to help them to understand how retirement income can be maximised whether the income is generated through an annuity, drawdown or perhaps a combination of both.  Income in retirement may not just come from pension but other assets such as shares received through employment or perhaps other savings gathered outside the workplace. It is important that all savings are considered to determine the best option or options for each individual.

It is therefore crucial that employees are provided with the right guidance and support to ensure that they understand what their retirement options are and how to maximise their income.

With recent changes to pensions legislation, more and more employers now see professional retirement planning for their staff as critical to their business. A combination of financial education and advice is essential to any retirement planning programme which should be supported by Internet tools and help desk support, which will ensure employees make the most of their retirement income options.

WEALTH at work provides financial education tailored to the needs of individual companies and different employee groups within those companies. The financial education that we provide is to help employees understand the value of their cash, share and pension based remuneration, with an emphasis on how various elements may contribute to their own longer term financial goals.  We are a company that specialises in providing financial education in the workplace and we pride ourselves in having a detailed knowledge of company benefits.

Our advice service is provided by my wealth -a specialist provider of regulated financial advice.

my wealth works 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 maximise income at the point of retirement.

WEALTH at work and my wealth are trading names of Wealth at Work Limited which is regulated by the Financial Conduct Authority.

If you would like to find out more information about WEALTH at work please contact us.  We will endeavour to answer your question as quickly and as thoroughly as possible.