×
First-time login tip: If you're a REBA Member, you'll need to reset your password the first time you login.
23 Apr 2018
by Liz Morrell

Video tutorial: How to understand the key pieces of data you need to support financial wellness

In order to avoid death by numbers organisations need to take a structured approach to the data they collect and break it down into three general categories to better support a successful financial wellness programme.

That’s the advice of Phil Blows, director of Wealth Wizards, who was interviewed by REBA at the REBA Innovation Day.

He said the three categories helped to better focus minds upon what data was required. “It’s data that diagnoses the problem, data around solutioning and then benchmarking and performance measurements,” he said.

“The top one is the most broad and the bottom one is the most specific,” he added.

He said providers could also do more to help organisations in collecting the data they need by improving the user experience, such as prepopulating fields for easier data collection, he explained.

This video was recorded at the REBA Innovation Day in London, held on the 23 November 2017.

In partnership with Wealth Wizards Ltd

We are a technology company making expert financial advice accessible and affordable to everyone.

Contact us today