Many employee financial wellness programs focus solely on retirement, but this may be the wrong approach for Millennials, said Blake Allison, CEO of Financial Education & Literacy Advisers, a Washington, D.C.-based company that offers Web-based financial education solutions to companies.
Dealing with finances can be complicated, which is why Bank on DC is an innovative program that promotes financial literacy. To achieve this goal we embrace and encourage our partners and sponsors, they assist us with communication and provide us with resources for learning.
Hear Financial Education & Literacy Adviser’s (FELA’s) President and CEO Blake Allison answer questions regarding financial education in the workplace, and how it can be used to drive employee engagement. This interview is a part of a thought leadership series hosted by Friends Life (www.friendslife.com) in the UK.
Purchasing Power is now providing LifeCents, a financial wellness platform through its employee purchase program offered as a voluntary benefit. The platform is a holistic approach to financial wellness, comprised of a core financial education program; free credit reports; alternative credit reporting; and rewards for saving money and reducing debt.
FELA is proud to partner with Elevate and the Clinton Foundation to identify effective solutions that improve sub-prime borrowers’ ability to improve their financial well-being. The Clinton Global Initiative will use FELA’s online financial education platform called LifeCents to test outcomes for different content and delivery methods to ultimately provide the most effective solution to consumers.