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Scottish Widows launches corporate wrap

Scottish Widows has launched its corporate wrap, called mymoneyworks.

The firm says the service allows employees to take control of their finances, helping them to make decisions and enabling them to set financial goals and track their progress.

According to Scottish Widows, mymoneyworks is the first service where employees can track workplace benefits alongside their personal finances.

Each employee will be able to monitor their pension, life insurance, savings and investments with a detailed budget summary.

Scottish Widows says it wants the service to improve employee engagement with workplace benefits to help employers retain staff. The online service is supported by a telephone-based contact centre.

Corporate pensions marketing director John Taylor says: “We wanted to approach the corporate pensions market in a different way, starting with the needs of the employee. Mymoneyworks gives employees the ability to take control of their retirement savings and their finances in general.”

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. David Wintersmith 28th April 2010 at 2:21 pm

    They would have been better offering a chicken wrap or change the name from mymoneyworks to

    mymoneyworks – myparentcompanymakesaloss – the COEstillgetsahugebonus

  2. Thanks to you David for a constructive comment on what looks like a genuine move to help grow the market in a way that will benefit employees, employers and advisers

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