Evelyn Partners launches new employee financial wellbeing service

Evelyn Partners has recently launched a new employee financial wellbeing service for organisations to help their staff manage their money more effectively now and over the long term. The launch of this new service follows the results from a survey, conducted by the firm on 504 business owners, which reveals that financial wellbeing is the biggest worry for their employees. Evelyn Partners’ new service will enable employees at every level of an organisation subscribing to the service, whether a new trainee or a C-suite senior manager, to meet with a dedicated financial coach, who will be a qualified financial planner, up to four times a year. They can also message them at any time for further guidance. Through a new app the employees of subscribing organisations will get 24/7 access to comprehensive digital support that includes goals tracking and budgeting tools, educational content and financial health-checks. Employees will be able to view all of their accounts, including banking and pensions, in a single place via open banking and for those who wish to make investments, access to Evelyn Partners’ award-winning Bestinvest platform. For senior executives with more complex financial affairs, Evelyn Partners will provide executive consulting, enabling them to meet with financial planners and tax advisers and then choose whether to engage with them for formal, ongoing advice. The firm will also host both in-person and online bespoke educational seminars for subscribing firms on a range of topics, such as how to create a financial plan, saving for a house deposit, planning for retirement, and understanding existing employee benefits. Tom Shave, partner at Evelyn Partners, said: “Employees under financial stress are far more likely to suffer mental health problems such as anxiety, sleep deprivation and a low mood, something that could impact their concentration levels and relationships in the workplace, dampening productivity in the process. “In an effort to attract and retain the best workers, businesses are putting more and more effort and resources into the non-remuneration aspects of the packages they offer to existing and prospective employees.” He added: “Given the well-established link between money worries and stress, we believe that financial wellbeing should be considered as a core component of the benefits offered to staff. “Our new offering provides organisations with a comprehensive service to improve engagement with their employees at all levels of the organisation and help them gain more confidence about their financial futures. We believe the service will help organisations attract and retain the best talent, boosting productivity and focus, and lead to better financial outcomes for their staff.”

Evelyn Partners launches new employee financial wellbeing service

Employees will now be able to meet with a dedicated financial coach as well as access comprehensive digital support including goals tracking and budgeting tools

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