Financial Wellbeing

1. Financial Wellbeing as an employee benefit

2. We are whole of market financial planners. We are able to deliver qualified and impartial financial advice to anyone anywhere in the UK, using technology to make our service affordable, accessible, and convenient. And we have a mission. We want to make financial advice available to everybody.

3. Why is financial wellbeing important? Source: ‘The employer’s guide to wellbeing’, Salary Finance Ltd, 2018/19

4. More and more employers are recognising the need to provide Employee Benefits, to attract and retain staff and to address the health and wellbeing of their employees. But if you don’t have a strategy to address financial wellbeing, are you simply treating the symptoms without targeting the cause? Financial stress is a leading cause of poor health and impacts on life and job satisfaction, with 88% of employers concerned about their employees’ financial health. Financial concerns have caused three-fifths of the UK workforce to experience negative mental health symptoms, including loss of sleep, stress, lack of concentration, and fatigue. This costs the UK economy £121 billion and 18 million working hours in lost productivity each year. Well, we have a solution. Source: ‘‘Thriving, striving or just about surviving’, RSA/Populus, 2018; ‘Financial Wellbeing in the Workplace: a way forward’, Financial Advice Working Group for HM Treasury and the Financial Conduct Authority, 2017; Beyond Pensions’, Barnett Waddingham, 2018

5. Financial Advisers. But different. We want financial advice to be available to everybody at a cost that is affordable to all. So that everybody can take control of their financial health and their futures. We’re committed to what we do. We know good, fair, impartial financial advice provides great benefit and value. So we want to make sure everybody has it. And we want to work with employers to reach people not serviced by traditional financial advice firms.

6. What we help with Budgeting & spending Savings & investments Pensions & Retirement planning Mortgages & equity release Life, family & income protection Business & directors insurance Later life care estate planning & Wills Income & cash flow modelling We provide free advice and set up for Business Protection & Directors Insurance – egKey Person Insurance, Professional Indemnity, Directors & Officers’ Insurance etc – on a nil commission basis as an additional benefit to employers

7. How this helps you • Happier employees • Increased productivity • Increased reliance • Improved retention • Improved recruitment • Improved colleague relationships • Reduced absenteeism • Reputational benefits

8. Recent research has found that the impact of poor financial wellbeing is equivalent to between 13 – 17% of salary cost per employee per year, with between 25 – 34 productive days lost annually. • How much would improved productivity and reduced absenteeism be worth to your business? • How much would an improved retention rate and lower recruitment costs be worth to your business? Source: ‘The employer’s guide to wellbeing’, Salary Finance Ltd, 2018/19

9. Cost & Service Everybody pays the same, however much or little they have. £300 per employee per year. • In return, your employees will receive: • Financial Advice on demand, whenever they need it, on any area of financial need • Access to AllMyWealth, our powerful financial tool & mobile app • A guaranteed Annual Review We believe this is an investment worth making for the benefits it provides to your employees and your business

10. How service can be funded Two ways to fund our service as an Employee Benefit: • Employer Funded • Employee Funded

11. Employer Funded Employee Funded • Non-taxable Benefit in Kind • Employer pays on a per Employee basis • Full cost can be offset against Corporation Tax • Totally financially inclusive – financial wellbeing of all employees addressed • Employers can promote universal Employer paid benefit for improved retention & recruitment • Advice must cover Pensions • But any other financial need or goal can also form part of advice • Typically must be offered to all Employees generally • But can be segmented to Employees based on location or age • No Employer liability for suitability of financial advice • LowerMyCharges.com liable for suitability of advice – we are regulated and authorised by the Financial Conduct Authority and have the required Professional Indemnity Insurance in place to cover our activities • PLUS free advice and nil commission on Business & Directors Insurances • Non-taxable Benefit in Kind • Employee pays on a Salary Exchange basis - cost neutral for Employer • Both Employees and Employers make tax/NIC savings • Employee only pays if chooses to adopt our service as an Employee Benefit • LowerMyCharges.com provide free to you payroll software to deduct monthly fees – so hassle free for Employer • Advice must cover Pensions • But any other financial need or goal can also form part of advice • Typically must be offered to all Employees generally • But can be segmented to Employees based on location or age • No employer liability for suitability of financial advice • LowerMyCharges.com liable for suitability of advice – we are regulated and authorised by the Financial Conduct Authority and have the required Professional Indemnity Insurance in place to cover our activities • PLUS free advice and nil commission on Business & Directors Insurances

12. LowerMyCharges.com is a trading name of Lower My Charges Ltd, which is an Appointed Representative of The Wealth Management Group LLP, which is authorised and regulated by the Financial Conduct Authority. FCA number 816339.