OLD MUTUAL FINANCIAL WELLBEING PROGRAMME Exchanging information to - - PowerPoint PPT Presentation

OLD MUTUAL FINANCIAL

Exchanging information to deliver financial empowerment

WELLBEING PROGRAMME

• FWP is a highly effective financial education and support programme.
• Designed to help South Africans take control of their financial futures.
• Combines educational workshops, individual financial health assessments,

member support services and accredited financial advice on request.

• Modules designed according to attendees’ financial knowledge.
• It is a free of charge value add offering to all customers.

What is it or What is FWP?

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FWP VALUE ADD TO YOUR BUSINESS

WHY OFFER FWP TO YOUR EMPLOYEES AND FUND MEMBERS:

■ To demonstrate concern for your employees and fund members‘ future. ■ Old Mutual partners with your HR department to schedule and coordinate the sessions. ■ To make a positive difference in the lives of

• thers easily.

■ To inform members about their fund and inspire loyalty between employees and employers. ■ To help build the economic future of South Africa. ■ Old Mutual provides the facilitation and material at no cost. ■ NO product push.

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FWP BENEFITS FOR EMPLOYEES AND EMPLOYERS

• Improved financial behaviour

and ability to make informed choices.

• Financial freedom,

independence and individual growth.

• Awareness and understanding of

money management principles.

• Increased knowledge of

interventions available, to

• vercome financial challenges.

EMPLOYEES

• Improved delivery on human

resources and employee wellbeing strategies.

• Higher productivity due to improved

loyalty and lower levels of personal financial stress amongst employees.

• Empowered and financially literate

staff via cost-effective education.

• Flexible programmes to meet the

diverse needs, education levels, and time constraints of your workforce.

EMPLOYERS

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FWP OFFERING - BUILDING BLOCKS ARE:

On The Money – basic principles of money

management - BANKSETA

FIN360°Modules – advanced holistic financial

education.

Individual Advice – easy and immediate access to the

unbiased objective financial advice by our accredited financial advisers.

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Accredited , NQF Level 1, 5 credits.

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ON THE MONEY - THE FIVE SECRETS OF MONEY MANAGEMENT:

pay yourself first… Eat first, live on the rest!

MODULE 1

The Secret

• f the Lion

have a goal – have a plan… Create an inspiring financial vision: if you can’t dream it, you can’t do it.

MODULE 2

The Secret

• f the Leopard

know what you earn, understand what you owe, watch what you spend!

MODULE 3

The Secret

• f the Elephant

face your debt head-on… Charging down your debt: your biggest financial threat!

MODULE 4

The Secret of the Rhino

choose wisely among alternatives… Protecting and investing your wealth

MODULE 5

The Secret

• f the Buffalo

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MODULES COVERING THE PRINCIPLES OF:

This service is

• perated by the

Customer Retention Unit Which was formaly part

• f OMSA Customer

Engagement and is now part of OMEMCST

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FIN360° - MODULES OVERVIEW

Perspectives of Financial Planning: Holistic view of financial planning, the financial planning process, investments, retirement planning, wealth protection, wills and estate planning. Retirement Planning: Retirement landscape, expenses at retirement, income replacement ratio, investments and types of risk profiles, impact of inflation, pros and cons of different types of annuities, retirement reforms. Risk Planning/Wealth protection: provides an understanding of how to provide security during disablement and for those that you may leave behind in case of death. Wills and Estate Planning: Goal-setting: written plans, accurate listing of assets and liabilities, mapping out what needs to be done, implementing plan – will, regular review is needed, possible legislative changes. Investment Planning: Investment planning steps and principles, balanced approach, basic market concepts, factors affecting Investments, understanding risk profiles, liquidity and tax implications. Buying a home: Provides information on many aspects to be considered before applying for a home loan, such as type of home of loans, location, how to get financing, hidden costs and laws that regulate the industry.

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FWP ACCREDITATION

Accredited by INSETA as learning providers BANKSETA Accredited NQF Level 1; 5 credits Salaried facilitators and presenters, including specialists (Investments & Legal).

Old Mutual Financial Education and Old Mutual Business School On the Money Facilitator and presenters

Old Mutual is a Licensed Financial Services Provider

OLD MUTUAL FINANCIAL

Exchanging information to deliver financial empowerment

THANK YOU

WELLBEING PROGRAMME