Multiservice provider Utility Warehouse has introduced new personalised financial education for its 2,500 UK employees to support them in this area.
Through a partnership with financial education provider Nudge Global, Utility Warehouse’s employees will have access to a feed of bite-sized interactive and impartial financial education and articles researched, curated, designed and published by finance experts. These can be tailored to be inclusive of circumstances and interests, and be saved for later or shared with friends and family.
The staff can also use money management tools to help with budgeting, saving and investing, and a financial health checkup on their saving, spending, borrowing and planning. Following this, they receive a score that enables them to measure their progress over time and take action, as well as a financial education plan to improve their finances.
The platform can send employees personalised reminders when there is something they need to know or a financial action they should take, which can help them improve their financial health and work towards life and financial goals. Meanwhile, it also has 20-minute sessions on topics such as investing, debt and budgeting, with signposting throughout to take action on their finances.
Naomi Alexander, head of reward and recognition at Utility Warehouse, said: “There has never been a more crucial time to support our employees’ financial wellbeing, and we’re pleased that since launch our employees’ have instantly embraced Nudge. It tells us that introducing financial education was the right thing to do and we will continue to support their wellbeing to support their future.”
Tim Perkins, chief executive officer and co-founder of Nudge, added: “Utility Warehouse has a brilliant culture where every single person matters, and that’s an ethos that we support at nudge. We’re looking forward to enhancing Utility Warehouse employees’ wellbeing journey with more financial confidence to help people achieve what they want in, and outside of work.”
