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10 Mar 2016
by Liz Morrell

Video: REBA New Year Lectures: Employers must deliver financial education that engages

Employers must consider the unique challenges and requirements of their businesses and their employees if they are to deliver financial education that engages, according to Greg Thorley, head of business development at Wealth at Work.

View the video of Greg Thorley’s session “Managing the new financial landscape – how to engage employees” in full.

Speaking at the REBA New Year Lectures 2016 Thorley said the need for financial education was greater than ever. “The only thing that is constant about this is change so we need to embrace it and deal with it,” he said.

He said financial literacy rates were low, saying that many making decisions under the new pension's 'Freedom and Choice' legislation were “ill-equipped to do so”.

“There is a recognition that there is a need for financial education. The complexity of the pension landscape demands it,” he said. However, he said the context of engagement was really important to success and highlighted the company’s recent work with Marks and Spencer.

“At different stages of our lives we have different priorities so context is very important. You need to have a strategy and understand that your workforce is unique. They have indivulal needs as well as common needs acros a sector. There is no single solution - you have to develop something that understands the workplace and is adaptable and responds to change,” he said.

This video was filmed at the REBA New Year Lectures 2016. Read more about the REBA New Year Lectures 2016.

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