Why financial wellbeing matters
Financial wellbeing is the primary source of employee worries. Maji’s platform pairs the latest money management and financial planning technology with workshops and 1-1 human coaching. Your employees will feel less stressed and more supported in life and in their roles at work.
80%
of employees look to their employer for sound financial support
19%
of employees look to their employer for sound financial support
77%
of employees experience financial worries that affect productivity
A holistic financial wellness solution for employers
Financial wellbeing is the primary source of employee worries. Maji’s platform pairs the latest money management and financial planning technology with workshops and 1-1 human coaching. Your employees will feel less stressed and more supported in life and in their roles at work.
Financial education
Through workshops, masterclasses, and interactive content, Maji ensures employees are equipped with the knowledge they need to navigate key financial decisions. Whether it’s understanding pensions, planning for retirement, or managing debt, our educational resources guide them every step of the way.
Money management tools
Maji empowers employees to take control of their day-to-day finances. With real-time tracking of household accounts, automatic budgeting, and customized financial plans, employees can make informed decisions about their financial health.
Access to experts
At Maji, we understand that every individual’s financial journey is unique. That’s why we provide tailored 1-1 coaching, expert advice, and round-the-clock support. Employees can tap into our network of qualified coaches and other experts such as financial advisors, debt advisors and mortgages advisors for guidance that’s specific to their needs.
Your employees will be…
Less financially
stressed
Empowered to tackle the cost-of-living crisis
Able to build a secure financial future
The benefits for employers
Track ROI
Deep analytics help you monitor your team’s financial health over time
Really know your team
Develop your HR and wellbeing strategy based on the real challenges and aspirations facing your team
Drive uptake of benefits
Integrate relevant benefits into each employees personal coaching plan
Ready to boost your team’s financial wellbeing?
Fast onboarding
2-minute registration process with no personal data sharing
Quarterly data reviews
Regular data insights help you refine and optimise your strategy
Tailored launch plan
We’ll help you launch the platform to your employees with a bespoke comms plan and introductory webinar
FCA regulated provider
Our platform is safe and regulated, with bank-grade encryption, allowing your employees to be at ease
Think Maji for your financial wellbeing.
Experience the power of a leading financial wellbeing solution that creates impact where it matters most. To see our platform in action and discover how we can support you, book a demo or contact us here to take the first step toward a brighter financial future.
We’re building a financially secure future for everyone…join us!
Looking for something else?
If you’d like to learn more about our offerings, or you have any other questions, please contact us and we’ll get back to you as soon as possible.
Frequently Asked Questions
What’s the business case for financial wellbeing?
Financial wellbeing at work is more important than ever. With over 80% of employees saying they are impacted by money worries at work, it’s clear that money stress can negatively affect your business. And, with the cost of living rising, the psychological toll is magnified, with 54% of UK adults now feeling dread, anxiety and depression as a result of concerns around finances. Developing a robust financial wellbeing policy can help support your employees through these tough times and beyond, leading them to feel more secure and happier at work.
What is financial wellbeing?
Financial wellbeing is a complex topic that encompasses many different aspects of a person’s circumstances, behaviours and attitudes. These component parts are multifaceted and interdependent.
The Money and Pensions Service provides a useful financial wellbeing definition that sums up the different areas:
‘‘Financial wellbeing is about feeling secure and in control. It is knowing that you can pay the bills today, can deal with the unexpected, and are on track for a healthy financial future. In short: confident and empowered.”
At Maji, we have used the latest academic research and industry thinking to develop our four pillars of financial wellbeing:
- Financial resilience: how well someone is able to withstand shocks to the system, such as losing income
- Money management: how someone deals with day to day money decisions and habits, like spending, saving, borrowing and budgeting
- Future planning: how well someone is prepared for long-term life goals, including retirement
- Money mindset: how someone feels about money, including their confidence and stress levels
What is the difference between coaching and advice?
Financial advisors recommend specific financial products or investments as a solution or next step for individuals seeking advice about their financial situation. The FCA regulates all financial advisers including mortgage, equity release, pension and investment advisers and sets the minimum standard of qualification and demonstrated competency including ongoing professional development and good financial behaviour.
The training and competent adviser status expected by the FCA in itself means the adviser has a minimum of two years financial industry experience. The FCA authorisation process also checks professional references, positive financial behaviours (conduct) and identification.
Financial coaches do not offer specific recommendations. They can guide groups or individuals through financial wellbeing and education sessions and support them into positive financial habits that in turn improve their financial situation and overall wellbeing. Financial coaches help with things such as:
- Providing generic guidance
- Sharing financial knowledge and information
- Empowering individuals to change behaviour
- Providing accountability for individuals who want support to change
- Helping individuals reflect on and identify actions that will improve their financial wellbeing
- Helping individuals use specific financial tools such as budgets or financial plans
There is currently no set expectation for Financial Coaches, Financial Wellbeing Specialists or Financial Educators to be regulated by the FCA. This is because there is no financial product involved nor a specific written and verbal recommendation tailored to an individual’s personal circumstances.
Whilst there are no regulatory requirements for qualification for these roles, Maji sets a high internal standard of professional experience, finance knowledge and personal skills for these specialists, as set out in our Expert Due Diligence Policy.
Does Maji offer bespoke company webinars?
Maji offers a bespoke and extensive webinar programme. In addition, your employees get access to monthly Masterclasses following Maji’s Money Curriculum.
