Life protection… buying a home for the first time… planning for retirement… 

…these are all key financial planning concerns.

But these different issues might not be relevant to everyone.

As I’ve discussed (at length!) in previous blogs, and in my upcoming book, the workforce is ageing. This means your workplace is likely becoming increasingly more age diverse.

A typical company might have employees made up of a wide range of ages, from those fairly new to the world of work, all the way up to staff approaching retirement. These groups are likely to have very different financial planning concerns.

A 28-year-old employee, for example, might be looking to buy their first home, and have questions about their mortgage options.

A 40-year-old employee, with young kids, could be thinking about wealth management - wanting to ensure enough is saved for their children’s future.

A 63-year-old, approaching retirement, might be worrying about what shape their finances are in, ahead of this significant life event.workplace-people

As we know, financial stress and distractions can hugely impact performance at work. Six in 10 employees say that they feel like their behaviour changes when they are under financial pressure.¹

But it can be difficult to think of ways to help employees tackle these issues, when the range of concerns is so varied.

How can you help everyone feel prepared for the financial challenges life throws their way – especially when for many, money might feel like an uncomfortable subject of discussion?

One option might be to provide them with accessible, easy to understand guidance.

Our quarterly ‘In Focus’ newsletter, for example, provides a great introduction to tricky topics such as inheritances, managing investments, tax-free cash at 55, and other financial planning issues.

We’ve put together some useful articles, without the financial jargon – providing accessible guidance to everyone, whatever their age or level of financial capability.

And the good news? The latest issue is out now – and you can read it here:

Click here to read the latest issue 

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I hope you enjoy the guide - you can let me know what you think by dropping me an email.


¹Research: The DNA of Financial Wellbeing, carried out by Neyber, 2018, cited in https://reba.global/reports/research-the-dna-of-financial-wellbeing-2. 

Posted by Steve Butler

Topics: Age diversity, financial wellbeing

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