Philips launches retirement guidance service

Philips UK has launched a financial guidance service to support employees nearing retirement.

The service, provided by OpenRetirementClub, is delivered online and via employee forums.

The forums feature expert opinion from providers of retirement income and investment services. Employees can then seek specific financial advice or make informed decisions themselves.

Nina Platt, reward manager, UK and Ireland, at Philips UK, said: “We think subscribing to the OpenRetirementClub is a great way to encourage staff to engage in the important financial choices they will need to consider prior to retirement.” 

Richard Owen, managing director at OpenRetirementClub, added: “We are delighted to be working with Philips UK and look forward to helping its employees better understand the choices available to them at retirement.

“We strongly believe that better informed decisions can significantly increase an individual’s income in retirement.”