It is announced that as part of the ‘Jelf Money after Work’ proposition, Jelf Employee Benefits has developed a Retirement Coaching Service. This is available to all companies that have employees approaching retirement.
The coaching will help employees too:
– Make fact-based decisions about retirement
– Think about fitness and diet
– Understand lifestyle planning issues such as managing time, maintaining friendships, etc
– Consider the financial decisions they will need to make
The aim is to take the fear out of retirement and encourage individuals to take active control.
The service complements a company’s employee benefits package and equips an employee to make the best use of any pension savings they have made. Jelf is offering this as part of a holistic approach to help the employee throughout their financial journey. The advent of auto-enrolment has again put company pensions under the spotlight, and while emphasis is being put on saving for retirement, those employees that are about to retire also need support.
With the removal of the Default Retirement Age the impetus has gone for some staff to retire, and those that fear retirement may put it off. The Retirement Coaching service enables the responsible employer to support their staff at one of the biggest life changes they will go through.
Coaching can be tailored for specific employees at all levels, from the shopfloor to senior executives within a single company, alternatively employers can send their staff on one of a series of planned courses throughout the UK starting in March.
Alan Millward, corporate benefits director from Jelf Employee Benefits said: ‘There is a worrying lack of support for those about to retire. At a time when there are many decisions to be made, employees need guidance. We help on all the key areas, and strongly encourage partners to be involved too. Some employers may talk about helping their staff plan for retirement and then do very little when the time actually comes. Our Retirement Coaching service is perfect for companies that want to be employers of distinction and to help their staff at this crucial time. ’
Decisions that staff make at retirement will affect the rest of their lives, and this is when they need help. Jelf Employee Benefits believes that employers that have supported them throughout their pension planning have a responsibility to support them when they come to retire.
