Evelyn Partners has announced the launch of its new digital hybrid platform as part of its employee financial wellbeing service, Moneyhealth.

The integrated wealth management and professional services group has unveiled details on the digital service, which includes built-in financial coaching by qualified professionals, to help employees take control of their personal finances both in the short and long-term.

Offering a comprehensive approach to money management across all levels, the new digital platform will offer a range of products and services, including financial coaching with a qualified financial planner and extensive guidance on topics including saving, debt, credit scores, tax, mortgages to name a few, the platform is equipped to help employees tackle their money worries.

In turn, it will also help employees focus on their job, boosting productivity.

A recent survey of more than 500 business owners by Evelyn Partners found that financial health is the leading concern for employees, with nearly a third (30%) of business owners stating that financial wellbeing amid the cost-of-living crisis as the biggest worry for their staff members, prompting some responsible employers to seek out a targeted support solution.

Chief financial services director at Evelyn Partners, John Bunch, said: “It is well documented that the UK has an ‘advice gap’, with millions of people not gaining access to the financial support that they need. We believe that employers have a critical role to play in resolving this dilemma. Looking after the financial health of your workforce is more than just an employee benefit, it should be a strategic business objective. People worried about their finances are six times more likely to struggle with productivity and seven times more likely to be affected by absenteeism.

“Indeed, our own research found that business owners recognise that personal finance worries are the leading cause of concern for their employees. This is why providing a solution for employees’ short and long-term money issues - from budgeting on a limited income and getting out of debt, to saving and investing to provide a robust retirement income - should be a key priority for employers.

“By helping staff get a grip on their financial affairs, today and over the long term, employers will not only empower their staff to improve their financial health, but also help to build a less stressed, more secure and more settled workforce at every level of the company hierarchy.

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