0844 967 2567

What is financial wellbeing?

What is financial wellbeing?

Understanding Financial Wellbeing

Financial Wellbeing is feeling confirable, secure and at ease with your finances. Its being able to understand and manage your finances not only in your day to day life, but for the future. 

How a persons financial wellbeing can change

Its is important to remember that a person’s financial wellbeing is always changing, as they move through life stages their financial needs change. What might cause money worries for an employee at the start of their career can be different to those in the middle of their career and when they are approaching retirement. 

Employees who are in the early stages of their working career will likely be more interested in saving for the future or buying a property, whilst those approaching retirement will be more focused on their pension provision and their finances in retirement. 

Because of this it is important to implement a financial wellbeing strategy that not only covers a range of demographics, but understands what their needs are at each stage. 

Improving employees financial wellbeing

Improving emplpyees overall financial wellbeing and lowering their financial worries can be a challenge, especially without direction.

A good place to start is taking a look at CIPD’s Health and well-being report that outlines steps in which an organisation can look at improving employees financial wellbeing in the workplace. These included:

Employee Support

Access to Independent Financial Advice, debt counselling and an employee assistance programme.

Retirement Planning

Seminars, courses and phased retirement options.

Employee Communication

Supplying material on rewards & benefits for employees.

Pays & Benefit Policy

Fair and equitable pay system with a benefits scheme allowing employees to pick depending on their circumstances.

How can Planned Future help?

Planned Future has a range of programmes designed to measure your employees financial wellbeing, identify areas of need and provide support to your employees within these areas. This can include: 

  • Financial education for employees from hire to retire.
  • Access to Independent Financial Advice and Guidance .
  • The opportunity for employees to pick the topics that they want to learn about.
  • Communication support, literature to explain the programme and how they can make the most our of our workshops.
Would like to learn more?

If you would like to learn more about implement a financial wellbeing programme for your employees, just let out team know, we will be happy to help.


0844 967 2567


020 7692 0567