Met taps Affinity Connect for staff advice

The Metropolitan Police has awarded Affinity Connect the contract to offer independent financial advice to its retiring police officers

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The Metropolitan Police has awarded Affinity Connect a five-year contract to provide retirement and resettlement courses as well as independent financial advice to its entire staff.

Affinity said that the Met Police account is the latest to join the long list of major public sector including civil service, local authorities, police and fire services and NHS.

Affinity is one of the UK’s largest providers of retirement and redundancy services and also provides advise to FTSE 100 employers.

Chris Dragunas, business development director of Affinity, said that police officers were unique because they retired younger than most other employees. The Met Police employs around 50,000 people.

She said: "We are offering retirement and re-settlement, or redundancy, advice to the police. Most people retire at 60 or 65. Police officers tend to retire at 50-years of age and we give them financial advice. The work we do with police is a lot of investment, estate and long-term care planning advice. Because they retire at a young age, they have a lot of time to continue working, they still have young families and debts. They have a pension from the police force but they need to develop a new career too."

Affinity added many financial services organisations have been struggling, but it said it continues to buck the trend by being able to provide a consistent stream of genuine enquiries to its advisers from employees leaving the workplace after long service with lump sums to invest.

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