Latest research from Hargreaves Lansdown confirms that 55% of employers believe workplace financial education can help staff to get a better understanding of their pension.
However 5% of the 418 employers surveyed went further than that, supporting providing employees with a financial health check when they reached age 50.
When considering wellbeing health checks are not new, with many UK organisations insisting or offering physical health checks for their staff for many years.
A financial health check is the equivalent of a 'Money MOT' reviewing an individuals finances and plans to ensure they are on track and to indentify gaps and areas of risk that need attention.
The idea of going for a health check up in the morning and then a financial check up in the afternoon is very appealing. The individual walks away with a weight off their mind having had some professional help and with an action plan for improvement for their overall wellbeing - health and wealth.
Employers support financial education in the workplace, research shows Research from financial services company Hargreaves Lansdown has shown employers are in support of financial education in the workplace. The research surveyed 418 employers, exploring their views on auto-enrolment in the workplace. They found 55 per cent believe financial education can help their staff gain a better understanding of pensions. The study also found 5 per cent of employers are in support of putting a financial health check into effect for their employees when they turn 50.