Fintech lender Neyber will offer a new financial wellbeing hub for those working at the Department of Environment, Food & Rural Affairs.
This pilot scheme can be accessed by almost 24,000 employers. It is one of the first wellbeing hubs to be offered to those working for the civil service.
This hub will provide personalised guidance on a range of financial issues. This will include financial money basics, credit, budgeting as well as planning for life events. This site will include calculators for debt consolidation, savings and credit options.
Individuals can also access webinars, podcasts and articles to improve their financial wellbeing.
Defra employee offer and benefits lead Natalie Jutla says: “Defra is always looking to expand how we support our staff. [This includes] areas such as combating mental health problems, or help with financial education and how to manage finances.”
She pointed out that previous work with the Money Advice Service showed that there was strong demand for financial education among employees. Three out of four employees had said they thought their employer should provide access to these tools and guidance on money issues.
She adds: “This new Hub will be an essential tool for Defra staff and a key part of our offering to our teams.”
Neyber co-founder and chief strategy officer Monica Kalia says it was pleased to be partnering with Defra to embed a programme to support financial education in the workplace. This includes inclusive and personalised financial education.
“In doing this, Defra will also be able to monitor user trends via this hub. This identifies gaps in staff knowledge to feed into future content, webinars and onsite activity, aiming to support employees’ financial capabilities, no matter what their current situation is.”
Defra is using just Neyber’s financial wellbeing Hub, and will not be offeringits loan or savings products.