About this webinar:

 
The issue of employees’ financial wellbeing has come into the spotlight as never before.
First, according to a survey by the RSA, at least 70% of the UK’s working population are “chronically broke” – with 40% of respondents saying their finances were permanently precarious and 30% saying they were not managing to get by.
 
It found that some 32% of the UK’s workers have less than £500 in savings and 41% have less than £1,000 – with almost 30% concerned about their level of debt.
 
Such money worries are increasingly making their way back into the workplace in the form of lower productivity, mental health issues and sickness absence.
 
The pension freedoms – introduced in April 2015 – have also had a huge impact.
In light of this, many employers are now looking at whether they need to provide their workforce with a programme of financial education to help ensure employees make the best decisions through-out their career and at retirement.
 
This WSB webinar will look at why employers should consider setting up a financial wellbeing programme; how to decide what should and shouldn’t be included; and assess how to build and implement a good programme.
 
It will also look at how best to measure the effectiveness of these strategies and include some case studies to show how some companies have put such programmes into practice.
 
Specific questions will include:

1.       Why should employers consider setting up a financial wellbeing programme for their staff?

2.       What are the different interventions that can be offered in such programmes? Managing debt, budgeting, retirement education etc?

3.       How do you decide what should be included in a financial wellbeing programme? Should you identify just a couple of issues to focus on or provide  an all-encompassing programme? To what extent should you set up focus groups / conduct research to understand what staff need?

4.       How can you implement a good programme? Is a digital or a face-to-face offering more effective?

5.      How do you measure the effectiveness of these strategies?

Presenters

Stapleton_Jonathan

Jonathan Stapleton

Editor-in-chief, Professional Pensions

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Jonathan is editor-in-chief of Professional Pensions and has been reporting on UK occupational pensions since 2001.

He was named IA Pensions Journalist of the Year in 2015, SPP Journalist of the Year in 2014 and 2011 and is holder of the PMI's Retirement Provision Certificate.

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Jonathan Watts-lay

Director, Wealth at Work

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Jonathan Watts-Lay is a Director of WEALTH at work, a specialist provider of financial education and guidance in the workplace supported by regulated advice for individuals - working with a number of the UK’s leading companies and pension schemes to help their employees and members understand their financial situation, particularly with regards to pensions and how to optimise income in retirement. Jonathan is also a recognised commentator on financial matters, particularly with regard to pensions and retirement and is often quoted in the national and trade press and frequently speaks at roundtable and workshop events.

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Heidi Allan

Senior Consultant, LCP

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Heidi is a senior Consultant in LCP’s Financial Wellbeing team. She has worked in the pension and employee benefits industry for more than 25 years, and more than 7 of those have focused more heavily on employee wellbeing. She is hugely passionate about how financial concerns can affect every one of us at some point in our lives and there’s no shame in that – we need to embrace those challenges, talk about them, and face them head on. Sharing experiences really can help others who may need support.

She helps clients understand their workforce and the challenges they may be facing, supporting them in providing a valued, engaging, and well-communicated benefits package. She believes that employee benefits provide a fantastic way for employees to access products and services that support a financially healthy employee that they otherwise may not be able to. Cutting out the jargon and building knowledge will help employees to make smart, well-informed decisions about their money.

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