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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: 977 Forumite

30 January at 8:03PM

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.

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