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For a confident, healthy and productive workforce, financial wellbeing is essential, not just a nice-to-have. When members feel secure about their money, they’re more focused, less stressed, and better equipped to handle life’s ups and downs. Yet, according to the Standard Life Retirement Voice 2025 report, for which we asked 6,000 UK adults how they feel about their finances, worries are widespread and many feel uncertain about their future.
The good news is that employers are in a unique position to make a real difference. Below, we’ll show you how your clients can create a practical toolkit to support members’ financial confidence and wellbeing.
Step 1 – Make financial education simple and accessible
Knowledge is power, but right now, many members feel ill-equipped when it comes to making financial choices. Retirement Voice 2025 reveals that less than half (45%) of the people surveyed feel positive about their current financial situation. Most people also expect retirement to be more complicated than ever, with 73% believing that retirement in the future will be more complex than it is now. Add to that a world that feels increasingly unpredictable (83% say it feels more uncertain than it did a few years ago) and it’s clear why confidence is low.
One way employers can help is by making financial education easy to access and to understand. Short videos, quick guides and interactive webinars can go a long way towards building confidence. Signposting to trusted sources like MoneyHelper or the Money and Pensions Service adds credibility. For Standard Life workplace pension members, tools such as Money Mindset* offer practical tips and videos that employees can explore at their own pace, helping them feel more informed without being overwhelmed. Knowledge alone isn’t enough, though. To be able to turn that understanding into action, members also need practical tools, and that’s where planning comes in.
Step 2 – Give members tools to plan and stay in control
Planning really does make a difference. The report shows a clear link between planning and feeling financially positive. People who’ve done a great deal of planning are much more likely to feel comfortable with their current finances and optimistic about the future – and even a little planning helps.
Employers can make planning easier by giving access to digital tools that help members take control. Budget planners, spending insights and emergency fund calculators can all reduce stress and boost confidence. Even small steps – like showing members how to track their spending – can make a big difference.
Through Money Mindset*, members of a Standard Life workplace pension scheme can access a spending insights tool, which allows employees to see where their money is going, as well as a budget planner, which can help them save in line with their goals.
Step 3 – Offer support for life’s big financial moments
Life changes can throw even the best-laid plans off course. Buying a home, starting a family, or caring for relatives often comes with financial strain – and with one in four people (24%) saying they’re finding it difficult to manage on their current income, it’s clear that extra support matters.
Employers and advisers can help by offering tailored guidance and signposting to relevant resources. For example, members of a Standard Life workplace pension scheme can access the Homebuyer Hub. This tool provides employees with tailored guidance, coaching, and tools to help them at every step, from saving for a deposit to understanding stamp duty.
Your clients can also offer retirement planning tools or provide access to financial coaching to give members reassurance when they need it most. Creating a culture where it’s okay to talk about money is also key – normalising these conversations can make members feel supported rather than isolated.
Why financial wellbeing should be on every employer’s agenda
Financial wellbeing isn’t just about money – it’s about confidence, security, and peace of mind. When members feel supported, they’re more productive, more engaged, and better equipped to handle life’s challenges. Small actions today can make a big difference tomorrow – for members, employers and the long-term success of their business.
To read more articles from Standard Life visit the content hub on Corporate Adviser – here.
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* Money Mindset is provided in partnership with MoneyHub Financial Technology Limited
www.standardlife.co.uk
Phoenix Life Limited, trading as Standard Life, is registered in England and Wales (1016269) at 10 Brindleyplace, Birmingham, B1 2JB.
Phoenix Life Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
