Skip to content
knowledge helps your people control their finances

Employee Financial Education and Advice: Helping Your People Feel More in Control

Money worries follow people into work. Research consistently shows that financial stress is one of the leading causes of reduced concentration, increased absence and lower engagement in UK workplaces.

When employees feel more in control of their finances, that anxiety eases, and everything else gets a little easier too.

Financial Resources when your team needs them

My Group’s financial education and advice offering gives employees access to practical support across the full range of personal finance needs, from foundational financial education through to regulated advice on mortgages, investments, retirement planning and personal protection. Employers can offer this as part of their benefits package, giving their people a route to qualified financial guidance that many would not otherwise have access to.

 

My Group provides the employee experience and connects employees with the appropriate service. Any regulated advice is provided by an FCA-authorised company within My Group or an appropriately authorised third-party provider.

Why does financial education matter in the workplace?

Financial stress doesn’t stay at home. When employees are worried about debt or have mounting money concerns, that worry is present at work. According to research cited by People Insight, nearly 80% of UK employees report that financial stress affects their performance at work.

Employers are increasingly aware of this, but many don’t have a structured response to it. A workplace pension is a start. Financial education and access to qualified advice takes that further, giving employees the tools and the confidence to make better decisions about their money at every stage of their working life.

Financial education is different from regulated financial advice

Unlike regulated advice, financial education provides information and improves financial literacy, giving employees a better foundation for the decisions they need to make, without making specific recommendations about their individual circumstances.

Regulated financial advice goes further. It involves a qualified adviser assessing an individual’s specific circumstances and making personalised recommendations. This is a regulated activity in the UK and can only be provided by FCA-authorised firms and advisers. My Group provides a route to both, so employees can get the level of support that’s right for their situation.

Financial wellbeing is part of the whole-person approach

Financial concerns are closely linked to mental health, physical health and workplace performance.

An employee struggling with debt or facing a major financial decision without support is carrying a weight that affects everything else. Offering financial education and access to advice as a workplace benefit is one of the most direct ways an employer can address that.

What financial education and advice does My Group offer?

My Group’s financial wellbeing offering covers a range of needs, from education and general guidance through to specialist regulated advice in specific areas.

All services are delivered through the My Group employee experience by referring individuals to regulated group companies or trusted partners.

Financial Education

Practical financial education delivered through embedded partner support, helping employees build their financial knowledge and confidence.

This covers the topics that affect employees at every stage of their working life: understanding pay and deductions, managing debt, building savings, understanding workplace benefits, and planning for the future.

Financial education provides information and improves financial literacy, giving employees a better foundation for the decisions they need to make, without making specific recommendations about their individual circumstances.

Access to Regulated Financial Advice

For employees who need personalised guidance on their specific financial situation, My Group provides a referral or access route into regulated financial advice where appropriate.

This connects employees with FCA-authorised firms and advisers who can assess their individual circumstances and provide qualified recommendations.

Access to regulated financial advice as a workplace benefit is something many employees would not otherwise have. The cost and the process of finding a qualified adviser independently can be a barrier, and providing a clear route removes that.

Mortgage Broking

Access to mortgage advice and broking support through My Group. For employees buying their first home, remortgaging, or navigating a more complex property situation, access to qualified mortgage advice through their employer removes a significant practical barrier.

Mortgage broking is a regulated activity and is provided by FCA-authorised firms and advisers.

For many employees help with the mortgage process is one of the most valued financial benefits an employer can offer.

Investment Planning

Investment and wealth planning advice for individual employees, delivered through FCA-regulated firms and advisers.

This is appropriate for employees who want to understand their options for savings and investment, whether they are building wealth over the long term or thinking about how to manage assets they already have.

Investment planning involves regulated advice. All recommendations are based on an individual’s specific circumstances, risk appetite and financial goals, assessed by a qualified, FCA-authorised adviser.

Retirement Planning

Employees may wish to seek professional advice as they approach retirement or when making significant decisions about their pension and retirement income. Where appropriate, My Group can provide access or referral routes to FCA-authorised firms and advisers who can assess an individual’s circumstances and provide regulated retirement planning advice.

Find out more about financial wellbeing

Personal Protection Advice

Personal protection advice linked to financial planning, giving employees access to qualified guidance on life insurance, income protection, critical illness and other personal protection products.

Want to give your employees access to financial education and advice?

We can walk you through the financial education and advice services available through My Group and help you think through what would be most relevant for your workforce.

Talk to us about employee financial education and advice

Frequently Asked Questions

Employee financial education is support provided by an employer to help their people understand and manage their personal finances more effectively. It typically covers topics such as budgeting, debt, savings, pensions, workplace benefits and financial planning. It is distinct from regulated financial advice: education provides information and improves financial literacy, while regulated advice involves personalised recommendations from , FCA-authorised firms and adviser.

Yes. My Group provides access to mortgage advice and broking support as part of its financial wellbeing offering. Employees can access mortgage advice through their employer, whether they are buying a first home, remortgaging, or navigating a more complex property situation. Mortgage broking is a regulated activity delivered by FCA-authorised firms and advisers.

Yes. Financial stress is closely linked to mental health, physical health and workplace performance. Employees who feel more confident about their finances tend to experience less anxiety, make better decisions, and are more present at work. Financial education and access to advice addresses one of the most common and most significant sources of stress in employees’ lives.

Where appropriate, My Group can provide access or referral routes to FCA-authorised firms and advisers who can assess an individuals circumstances and provide regulated retirement planning advice

Access to financial advice through an employer provides a route to qualified, FCA-authorised firms and advisers, but the nature and scope of the advice will depend on the specific service. Employees who want fully independent advice across the whole market should discuss the scope of the service with the adviser before proceeding

Regulatory Disclosure

My Group provides the employee experience and connects employees with the appropriate service. Any regulated advice is provided by an FCA-authorised company within My Group or an appropriately authorised third-party provider.

Health and Protection benefits are arranged and administered by My Health Xtras Ltd, registered in England and Wales (11742197) and authorised and regulated by the Financial Conduct Authority (FRN 833700).

Gee 7 Wealth Management Limited is registered in England and Wales (1047306) and authorised and regulated by the Financial Conduct Authority (FRN 455935).

Details can be checked on the Financial Services Register.

Registered office: 2 Charlesworth Court, Knights Way, Battlefield Enterprise Park, Shrewsbury. SY1 3AB.