Natural animal health supplement business Lintbells has rolled out a financial wellbeing platform for its 160 members of staff.
Using the platform, provided by Bippit, employees will have free access to Financial Conduct Authority-regulated financial coaches matched to their needs, in order to help them achieve their goals and plan for the future through both calls and a messaging system.
Through the service, Lintbells employees have been given access to a personalised plan, as well as tools such as the ability to track goals, analyse their spending, review a financial health check, or participate in challenges. The platform also offers personalised learning resources to improve financial confidence.
The service is exempt from P11D, meaning that it is free for all employees with no tax implications.
In addition, Lintbells has implemented a cost-of-living bonus for all employees earning £70,000 or under. They will receive £500 in September and December 2022, and March 2023.
Rebecca Davies, head of talent and engagement at Lintbells, said: “Now more than ever we want to support our teams, empowering them to have financial understanding, education and wellbeing. What we don’t want to do is have our teams really worried about the cost of living, their finances and all the media around what is going on in the world at the moment.
“We want to ensure we are doing everything as an employer to minimise any anxiety our employees are feeling and provide relief through the bonuses and the Bippit platform to understand how we use our money and give them education on using their money more wisely. Something we have been talking about internally but now more than ever employees are concerned about the winter and rightly so, so we want to help our employees be more financially responsible whilst also providing a buffer.”