Financial Wellness Group extends its partnership with Personal Group to launch new financial wellbeing products

Financial Wellness Group has extended its partnership with benefits and insurance provider, Personal Group, to give employees greater access to expert financial advice and support designed to help them ‘live more and stress less’.

The new services, available via Personal Group’s Hapi app, include:

Money A&E – which provides focused support for employees struggling with debt problems such as missed repayments or problems paying outstanding bills. Confidential one to one advice is provided by phone, live chat or email. Customers receive a detailed budget, a benefits check – to ensure that they are claiming what they can – and a recommendation document detailing how to get their finances back on track. For those for whom a debt solution is suitable, Financial Wellness Group is able to provide fee-free Debt Management Plans as well as the full range of other debt solutions.

Redundancy Support – for employers that are considering redundancies, this package enables them to provide to their employees additional support through what is a worrying time. The Redundancy Support package gives each employee access to a dedicated Financial Wellness Adviser, who will work with the employee to help them plan and manage their finances through the redundancy process.  Putting a financial plan together can help ease some of the employee’s stress by helping them understand and take control of their financial situation.

Money Savvy – a programme of money management webinars and clinics, supported by an online financial education hub, including budgeting help, guides, money saving tips and a range of savings calculators and budget planners.

Deborah Ware, Chief Operating Officer at Financial Wellness Group, commented: “We are committed to giving employees the skills and confidence to take control of their finances and improve their financial wellness. For some that might be about learning to budget better, or starting to save. For others the focus might be on taking action early to ensure that their borrowing doesn’t spiral out of control, or supporting them through a large income shock as redundancy.

“Money worries have a real impact on employees’ attendance and work performance. So, not only is supporting financial wellness a valued benefit, but it makes sense for employers too. Our partnership with Personal Group enables us to deliver these benefits to many more employers via the Hapi platform.”

Deborah Frost, Chief Executive of Personal Group, commented: “Employee wellbeing isn’t just about mental and physical health – financial health has a big impact too. Financial wellbeing isn’t about how much money you have, it is about feeling in control of your financial situation and being able to plan for the future.”