Financial education adds another level to an EAP, and forms part of your health and wellbeing strategy.
With the roll-out of auto-enrolment workplace pensions by 2018 all employers will have responsibility to offer access to pension schemes. The process of providing guidance on pensions and savings feeds through to other aspects of financial education, which most employers don't have the resources and skills to provide. But research shows individuals want to use a 3rd party, such as the government's Money Advice Service.
If your employees are worried about debt, want to save for the future, want to buy a house, or are planning for retirement, the Money Advice Service offers free and impartial money advice, tools and calculators, online and over the phone.