Australia’s financial literacy may be set to improve following the launch of Your Wealth Hub; a new, outsourced employee benefits scheme focused on financial health and well-being.
Born out of the changing landscape of corporate super and member engagement, Your Wealth Hub offers employees access to a financial knowledge centre designed to help fill the financial literacy gap, along with a range of cost-effective financial solutions and services, including free financial health checks and mortgage reviews. Your Wealth Hub also offers access to a variety of valuable discounts from corporate partners such as The Good Guys and Apple.
Speaking at the launch, Your Wealth Hub Director Gavin Glozier said, “We designed Your Wealth Hub for progressive employers who want to help their employees feel more comfortable and confident handling their money.
We believe employers of choice look for ways to improve the wellbeing of their employees and those who seek to improve financial health are embracing the new frontier of employee benefits.”
Mr Glozier said a report commissioned by the Wesley Mission earlier this year revealed that more than a third of NSW households spend more than they earn and 44 per cent are in financial stress.
“In our opinion, progressive employers not only give out pay cheques, they also want to give their employees benefits that help them look after their financial health. For them, it’s not just about throwing dollars over the fence – it’s also about ensuring they are financially okay.”
Director of Your Wealth Hub Marc Bineham said only two in 10 people get financial advice and Your Wealth Hub is designed to help the other eight. “That said, Your Wealth Hub offers access to a wide range of financial solutions designed to help people, no matter how financially literate they are. It can cater for those who prefer to take a DIY approach to their finances right through to people who want someone else to look after it all for them.”
