Thatcham Research introduces financial wellbeing scheme

Automotive risk intelligence firm Thatcham Research has implemented a financial wellbeing scheme for its 259 employees.

The programme, which is provided by wealth management and professional services group Evelyn Partners, will give Thatcham Research’s employees access to a digital platform with built-in financial coaching by qualified professionals, allowing staff at all income levels to take control of their personal finances through guidance on saving, budgeting, debt, credit scores, tax, mortgages, financial planning and investing.

Employees can also participate in bespoke financial wellbeing workshops, featuring guides, webinars and in-person seminars on topics such as pensions and protection, budgeting, saving and investing.

In addition, senior managers with more complex financial affairs can use Evelyn Partners’ executive consulting service to access to expertise in wealth management, financial planning and tax, with the option to sign up for formal, ongoing advice.

Jacky Manning, HR manager at Thatcham Research, said: “In the current economic climate, we understand that financial wellbeing is a significant factor for our colleagues, with such a range of differing circumstances, we needed to be looking at support wider than just traditional retirement planning. We sought to provide guidance to suit our colleagues throughout various key life events and with day-to-day financial budgeting. The Evelyn Partners Moneyhealth product provided a great platform and having worked with Evelyn Partners for a number of years, we have confidence in its products.”

Thatcham Research also offers employees a 10% non-contributory pension, 29 days of annual leave including Christmas shutdown and public holidays, private healthcare for themselves and their immediate family, income protection after six months of service, group life assurance equal to four-times salary, a health cash plan, free car parking with electric vehicle charging, discounted gym membership and payroll charitable giving.