Killik Employee Services has launched a workplace financial education service designed to complement the Financial Services Authority's national financial capability initiative.

Online service

The online service, Money in Mind, gives guidance on matters such as pensions, budgeting, savings and insurance.

Staff can access interactive and planning tools such as virtual financial education tutorials and video clips. For example, employees working their way through the budget module can input details of their financial circumstances and receive suggestions on how best to manage their situation.

Throughout the tutorials, employees can seek guidance from personal tutors and advisers via an instant messenger facility.

Customised level

At the end of every module, staff take a test. Employers can customise the level of difficulty to suit their workforce. Killik is liaising with the IFS School of Learning to arrange for the tests to be put towards IFS qualifications.

Martin Osborne-Shaw, managing director at Killik, said: "It is about providing a one-stop shop for financial questions."

Click here for more news and analysis on financial education