In addition to being a cost-effective way of facilitating the future financial success of employees or fund members, FWP offers a number of compelling benefits.
| Employees or Members |
Trustees |
Employers |
- Empowered - through just-in-time education and decision support - to make informed financial decisions.
- Sound financial advice and support during key life stages - enabling good decisions about finances and the future.
- Increased understanding of their current fund benefits, enabling members to plan holistically for their financial future.
- Improved behaviour relating to personal money management.
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- Improved delivery on fiduciary duty to act in the best interests of members.
- Effective education to change the belief that membership of a retirement fund automatically ensures a comfortable retirement.
- Lack of bias by not endorsing a single service provider for financial planning and financial products.
- Continued independence but enhanced co-operation with employers to help them meet HR objectives.
- Proactive leadership that inspires confidence in governance and performance of duties.
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- Improved delivery on HR strategies.
- Higher productivity levels thanks to improved loyalty and less personal financial stress amongst employees.
- Cost-effective education to empower employees to make informed financial decisions.
- Flexible programmes to meet the needs of diverse workforces, irrespective of language, income level or geographical spread.
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