About FWP

FWP is offered in partnership with employers or retirement fund trustees and allows them to further their commitment to ensuring the financial wellbeing of their employees and/or members by making education, assistance and advice available to them.

Why Old Mutual developed FWP

As one of the country’s leading financial services providers, Old Mutual is serious about living up to the responsibility it has to help drive the economic growth and transformation of our country. We recognise that one of the best ways of doing this is by partnering with other organisations and retirement funds to offer as many South Africans as possible access to the best possible financial education and guidance.

Why you should offer FWP to your employees or members

FWP offers you a cost-effective way of investing in the lives and futures of your employees or fund members - thereby making a tangible contribution to the future of our country.

Benefits of offering FWP from a retirement fund trustee perspective:

• Improved delivery on fiduciary duties in acting in the best interests of all members.
• Strong communication and education policy changing the employee mindset that membership of a retirement fund ensures that their retirement needs will be met.
• Not endorsing a single service provider for financial planning and financial products.
• Maintain independence while co-operating with the employer to meet corporate HR objectives.
• Proactive leadership inspiring confidence in governance and performance.

Benefits of offering FWP from an employer perspective:

• Improved delivery on HR strategy (e.g. higher productivity as a result of less personal financial stress).
• Cost effective employee education in personal financial management and planning empowering employees to make informed financial decisions.
• FWP takes into account all income levels; financial literacy levels; language preferences; and geographical spread of employees.

Benefits of offering FWP from an employee or member perspective:

By utilising the services offered through FWP, you are giving your people sound financial advice, at key stages of their lives, enabling them to make the best decisions about their finances and their futures.

What’s more, apart from helping to create a financially empowered South Africa, offering the FWP stands to enhance the loyalty of your employees or members, thereby boosting the reputation of your company or fund. It’s a true win-win solution.