CYBG launches Employee Financial Well-being proposition

24th April 2018

Dedicated initiative to improve employee access to financial education CYBG, owners of Clydesdale and Yorkshire Banks, has launched a dedicated Employee Financial Well-being proposition, aimed at improving access to financial education for employees of their business customers.

Research suggests that one in four* UK employees have financial concerns that impact their productivity in work, and over half (58%)** would benefit from employer-facilitated support. With this in mind, the Bank has created a bespoke service aimed at helping people make more informed choices when it comes to managing their money. CYBG has created task forces across its core regions, including Sheffield to support this service including involvement from mortgage advisors, savings experts and product specialists, who are able to share their expertise and knowledge with employees. There is also a dedicated page on the website to support the initiative. Paul Titteron, Head of Networks in Customer Banking at CYBG, said: -We are committed to supporting our SME customers grow and develop, but we wanted to go one stage further and support the employees who are crucial to the success of the business. The Employee Financial Well-being proposition is an opportunity for us to enhance the service we offer to our customers we are there for all their critical moments in a business lifecycle, so we feel we should be there for important events in their employees lives too. -We are keen to ensure this is a tailored service for our customers, so we are working with them and their people to ensure we are meeting their individual needs we want to take the Bank to them.Read more - Financial wellbeing leaflet The teams from the Bank will be able to host presentations, arrange one-to-one appointments and assist with any banking needs, including advice on applying for a mortgage, help on budgeting or planning for retirement. Employees will also be able to open bank accounts from their workplace. This service is available for medium-sized businesses with more than 100 employees. Paul added: -Employee well-being is extremely important in the workplace and has a number of benefits for both the business and colleagues. The main goal is to have employees feeling more confident about their finances, which in turn will help their productivity at work. We look forward to working with businesses across the UK as we develop this proposition. Read more - Financial wellbeing leaflet