Diminishing pension tax allowances, a transient and mobile workforce, changing employees’ financial priorities – all these influences are shifting employers’ focus from supporting traditional ‘retirement savings’ to broader ‘wealth creation’. An increasing number of employers are now looking at new and innovative ways of delivering more commercial value for their business through delivering higher levels of employee engagement and satisfaction – all from existing employee benefit budgets.
A typical wealth programme would enable employer and employee funding to be personalised, flexible and accommodate individuals’ short, medium and long term financial priorities. Our ‘best in class’ and bespoke approach means we can help employers develop a wealth programme using existing budgets and without necessarily disturbing existing arrangements or providers.
Our wealth services include:
-
01
Feasibility
Employer cost/benefit analysis and benchmarking
-
02
Design
Benefit programme review, design and optimisation
-
03
Delivery
Saving vehicles review including provider selection, implementation and integration
-
04
Engagement
Employee financial wellness, education, engagement and intervention strategies
