The Foreign and Commonwealth Office (FCO) has launched an online financial tool as part of an updated financial wellbeing offering to staff.
Money Wizard, which launched on 4 June 2018, was created by Wealth Wizards, and is designed to help and support the financial wellbeing of the FCO’s 12,500 employees.
The Money Wizard tool provides FCO employees with help and advice, recognising their financial priorities and strategically implementing a series of tools and tips around how to improve their financial health.
This product enhances the organisation’s current offer, broadening the financial education and budgeting provision to staff.
Money Wizard is designed specifically to help employees understand what their priorities should be, and to provide personalised tools and tips to improve. Additionally, employers receive anonymised information on the areas in which their employees need help the most, so that they can design a strategy accordingly.
Andrew Firth (pictured), chief executive officer of Wealth Wizards, said: “We are delighted that the FCO is adopting Money Wizard, our digital financial tool designed to support employees in planning ahead. Whether it is offering tools and tips or extended digital financial advice, organisations are increasingly seeing their employees’ financial health as a key part of their corporate responsibility plans, and it is great to see the FCO lead from the front.”
Colin Lacey, head of pay and reward at the FCO, added: “Financial wellbeing is an important part of a healthy lifestyle and is one of the key strands in the FCO’S overall attitude to wellbeing. We look forward to working with Wealth Wizards, who have delivered a solution through Money Wizard that will provide employees with financial education to help them feel more in control of their finances.”