Case Study: Tesco

Tesco recognises the varying needs of its 280,000-strong workforce by targeting workers approaching retirement and graduates fresh out of university with tailored information.

It holds approximately 25 pre-retirement seminars a year, which include speaker presentations, question and answer (Q&A) sessions and opportunities for one-to-one meetings with an independent financial adviser.

Together these cover topics such as saving for retirement, state pensions, taxation and the state benefits system, and details of relevant Tesco benefits, as well as adapting to retirement.

Last December, the retailer introduced a personal finance element to its graduate induction programme. Speakers from the Financial Services Authority give presentations advising recruits on how to manage their finances, and hosted Q&A sessions.

Louise Pocock, UK benefits manager at Tesco, says: “Good money management can make a real difference to people’s lives.”