Financial wellbeing

Employee assistance programmes (EAP) have become a familiar component of many workplace benefits packages – either embedded within a core employee benefit such as private medical insurance, a cash plan or group risk policies or offered as a stand-alone benefit. Offering one, however, is not the same as having a strategy.

Pension adequacy can only be achieved if Government, pension providers and employers agree to a collective, longer-term plan.

In an era of persistent inflation and shifting legislation, employee financial wellbeing has moved from a personal issue to a major business risk.