We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Employer financial advice benefit/perk

noclaf · 2025-01-30 12:29:51

My employer offers a 'financial advice account' benefit whereby employees can contribute £10-£50 per month and the employer adds a 50% match to whatever figure you contribute. The employee is then permitted to use the funds to pay for financial advice but must be an FCA registered advisor. The contributions are subject to…

Comments

noclaf Posts: 980 Forumite

30 January at 7:03PM

400ixl said:

Is it with an IFA or as many of these company schemes are with FA's restricted to advice based on their employer.

It's not a pre-selected IFA/FA...the responsibility will be on the employee to find an advisor and the only rule is they must be FCA-registered and need to provide FCA number? to use the funds.

1