What is Talk Money Week all about?

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For employers only

At Aegon, we’re taking part in Talk Money Week to help you get talking about money with your employees – whether it’s about managing their savings, discussing pension related queries or even chatting about how the coronavirus has impacted their financial situation.

Talk Money Week is an annual campaign, run by the Money and Pension Service (MaPS), which launches on the 8 November 2021.

This is a great opportunity for you to join, start or lead the conversation with your employees on all thing’s money – so make sure to encourage your employees to get involved. Talk Money Week can help support you with these conversations as outlined in the participation pack – but we should remember to keep having these conversations all year round.

Even though most of us don’t like talking about money – by doing so, you could help improve your employees financial wellbeing. When we talk about financial wellbeing, we refer to how people feel about the control they have over their financial future – and their relationship with money. That includes their ability to respond to financial unpredictability and unexpected expenses.

People with healthy financial wellbeing can meet their long-term financial goals and make informed choices that allow them to enjoy a meaningful life – both now and in retirement.

From the 8 November we’ll be talking about:

  • Money secrets – most of us keep money related problems hidden from our loved ones. But by encouraging your employees to share their money secrets, anonymously, they might find that many colleagues are in the same situation as them. We’ll be sharing some of our own money secrets and top tips for managing money across our social media channels.  

 

  • Getting the basics right – help your employees learn about budgeting, how to build positive financial habits or even recommend popular books for them to check out about creating a money mindset. Once your employees have a better understanding, they might decide to share what they’ve learned with others, which helps kickstart that conversation.

 

  • Future self – helping your employees visualise where they would like to be in the future and how to start working towards that vision is an important step to help improve their financial wellbeing.

 

  • Pensions – understand the pension basics, get your younger employees engaged with their pension and encourage them to start saving for their retirement now – the sooner we start, the better.

MaPS have also provided helpful guides on how to start conversations about money which your employees may find useful – such as talking about money with friends and family and protection against financial abuse.

By having these conversations, your employees may feel more confident with managing their savings, and it might bring some peace of mind as we start to emerge out of the pandemic.

So, make sure to look out for our social media posts to find all the content you need – and you can also join in the conversation by using #TalkMoney.

To find out more please visit maps.org.uk/talk-money-week/