Fidelity  

Fidelity launches money health checker

Fidelity launches money health checker

Fidelity International has launched a money check-up website for its defined contribution customers to assess their overall "financial wellness".

The money checkup, which is available free of charge, guides people through a series of questions about their age, salary, savings and debt before asking about their financial goals and highlighting the areas where people need help.

The guidance and suggested action plan is tailored to each user group, from millennials making first-time decisions to people who are financially established.

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The users will be offered guides, questionnaires, access to savings calculators as well as information about their pension and savings more generally.

The site does not offer them financial advice, nor does it signpost people to a financial adviser, other than the in-house Retirement Service, which gives advice to the over 55s.

Carolyn Jones, head of pensions product at Fidelity International, said: "Getting customers to engage with their pension and their overall financial planning is crucial to good outcomes for employees and their family.

"The aim of this website is to get people thinking about their financial future, learning more about what they can do and giving them confidence to make good choices."

Colin Rodger, financial adviser at Alexander Sloan, said: "I think the general level of financial awareness is quite low so anything that can help improve this is to be welcomed.

"Clients still need advice and the more clued up they are the better it is to engage with them."

carmen.reichman@ft.com