Financial Wellness Programs Uk

A primer for employers a workplace financial wellness services directory and how to guides for implementing financial wellness.

Financial wellness programs uk.

Unlock the wellness effect in your workplace with financial wellness initiatives through prudential programs benefits and more. The offering of financial wellness programs has mushroomed in recent years. Through careful analysis of the latest trends strategies in financial wellness we are able to put together provocative resources. Its important to remember that with auto enrolment many people will find the majority of their retirement income coming from.

As a result a growing number of organizations are launching financial wellness programs for their employees to help them get their finances back on track. Such programs do not replace the financial education programs of the past that concentrate on investments and preparation for retirement. To advance the workplace as a platform for prosperity prosperity now in partnership with the center for social development employee financial wellness programs team created a suite of resources for employers. The right program can help reduce financial stress and cut healthcare costs while guiding your employees through the various financial stages of life.

With 69 of workers being stressed about their finances and 72 worrying about their personal finances at work it s not hard to see why. We provide our users with an online experience filled with on demand courses with personalized action plans behavioral assessments. There is a mutual interest in helping employees financial wellness. This program effectively engages and educates them about the benefits you pay so much for.

The financial conduct authority fca in a 2017 report discussed how increasing an employees financial wellness can increase work morale performance and increase trust between employee and employer. The enrich financial wellness program provides certified personal financial counselors cpfc s with a state of the art online platform to provide a best in class financial wellness experience second to none. This includes workplace financial wellness services. Here at enrich we strive to educate people on the latest news in retirement healthcare and personal finance.

Financial wellness programs are intended to educate employees by ultimately increasing their financial well being. This can be done in a number of ways from finance counseling to 401k education or platforms that assist them in managing money. While it will be wonderful someday to see financial wellness programs include these services as well it is important to know that day to day money management addressed by the new generation of financial wellness programs requires a very different skill set.