Associated British Ports to roll out financial education programme to all staff


Associated British Ports is to roll out a multi-generational lifestyle and financial education programme to all of its 2,000 employees.

The career-long financial education programme, provided by Jelf Employee Benefits, will be available to staff across 21 ports in England, Scotland and Wales from September 2016.

The roll out across the business follows a successful pilot scheme, which ran in October 2015 and involved a cross-section of employees at the organisation. A further 12 courses have been run so far this year.

The programme comprises interactive, face-to-face workshops covering lifestyle changes and financial issues that are likely to be of relevance to employees at different stages of their lives and careers.

Workshops for those under 30 years of age will focus on general financial planning and developing good financial habits, covering topics such as budgeting, avoiding debt, and how to make the best use of employee benefits. Sessions for employees between the ages of 30 and 50 will cover subjects such as how to get the best mortgage rate and sourcing relevant protection for dependents.

For staff over 50 years old, workshops will focus on financial planning, looking at the pension freedoms and the pensions landscape. Pre-retirement sessions will be available for those who are within three years of retirement and will consider the implications of stopping work and how to plan for this change in lifestyle.

Val Milne, group pensions manager at Associated British Ports, said: “It was important to us to offer a programme that was career-long and addressed issues that were specific to different age groups.

“Feedback from the pilot, as well as the courses we have run to date, has been very good; every attendee has taken something positive from the course and is better informed on how to manage their finances specific to their particular lifestyle issues. We are looking forward to rolling out the programme across all locations after the summer holiday season.”