Web Licensing

...Helping employees to help themselves

The provision of company pension schemes and benefits packages is currently in a state of flux. But one thing is for sure; in the future your employees will need to play a bigger role in ensuring their own future financial security.

Now you, the employer, can help ensure this security at minimal cost by providing your employees access to a range of self-help financial planning tools and discounts on financial products. These services are available via our website licensing agreements.

Individual logins allow employees to access a private corporate area of the clarity website enabling users to combine their personal financial data with company benefits data (already input) to enable them to see their complete financial picture. The online tools and calculators which cover areas such as: pensions, life cover, company cars, mortgages and investments, provide employees with guidance on which areas of their finances require attention, which benefits to select and enables them to transact solutions.

From the website staff can also plan their finances and manage their portfolios online. They can set up any number of investments including ISAs and unit trusts free of initial commission and benefit from generous discounts and special offers negotiated by clarity. The website contains research on performance of investments and fund managers to help employees make decisions about investments.

Often employees are offered a wide range of benefits, sometimes through a formal flex arrangement. Although options are explained ­ advice on selections is rarely given, for example, core life cover may be twice annual salary with options to increase to four times annual salary, but does the employee need this much? How does an employee judge this in the context of his or her overall assets and benefits package? Our website provides employees with the self-help financial planning tools to be able to make such decisions.

For example, an employee wishing to know if their pension assets and savings will meet their needs in retirement would follow the following procedure:

• Logon to website
• Go to pensions calculator
• Input personal financial information
• Deficit established
• Consider options:
•     1) additional contributions to company pension
•     2) contributions to personal pension
• If option 1 see clarity note on fund options and performance
• If option 2, see clarity best buy lists on product options

For each of our clients we devise bespoke solutions to suit your individual needs and budget, which are based upon our core services.