Octopus Money

A Brief Overview of Octopus Money Offerings

Octopus Money is a financial wellness platform that helps employees better manage their personal finances through personalised financial advice, planning tools, and education.

At Octopus Money, we’re making it easier, cheaper and more enjoyable for everyone to get money advice from a real person, not just a robot. We partner with the UK’s best employers to make their pay and benefits go further – helping their employees make the most of their money.

The Main Benefits for Employees

For employees, Octopus Money provides 1 to 1 personalised financial coaching and support through qualified, accredited coaches. These coaches can help anyone understand more about their finances, how to achieve their goals and ultimately get their money working harder for them. Should they choose to, an employee can also go on to receive financial advice, helping them get more from their money and achieving their life goals.

One of the key benefits is improving financial situations for Employees - 51% of employees reduce their debt when working with a coach, 25% increase their pension contributions and 55% increase their savings.

Another benefit to Octopus Money is that it helps to provide financial literacy. Octopus Money’s resources, tools, and guidance help employees understand their financial options and empower them to take control of their finances, reducing uncertainty and stress. The platform makes complex financial topics more accessible, allowing employees to confidently plan for their future, whether they’re saving for a home, managing debt, or preparing for retirement.

Additionally, Octopus Money is proven to reduce financial stress. 89% of employees that work with a coach feel less worried about their money and 89% fee more financially resilient.

The Main Benefits for Employers

For employers, Octopus Money enhances the company’s employee benefits package, offering financial wellness as an additional layer of support. Employees who are financially secure are more productive and engaged at work, which can lead to improved performance and reduced absenteeism.

74% of employees working with a coach see themselves staying at their company for longer.

Moreover, financial stress is a common issue that can lead to workplace distractions, absenteeism, and lower productivity. 8 in 10 employees bring their money worries into work. By providing a platform like Octopus Money, employers help reduce these challenges, contributing to a healthier, more focused, and motivated workforce.

Octopus Money can also help employers differentiate their benefits packages from those of competitors. Financial wellness is becoming a highly valued benefit for employees, and by offering a solution that addresses financial planning and literacy, companies can stand out in competitive markets when recruiting and retaining talent.

Special Features to Highlight

• One of the standout features of Octopus Money is its unique model to providing everyone with financial support with a real human being and expert. The advice gap in the UK means only 10% of the UK population will ever receive financial support. Yet with Octopus Money’s unique model, where a coach delivers unregulated support and then the technology provides regulated features, this service is open for everyone.
• This service is also really inclusive. In the UK financial advice is still something that isn’t taken up by women - yet Octopus Money sees over 50% of customers are women and driven by the fact that 60% of their coaches are women.
• Additionally, the platform focuses on inclusive financial support, ensuring that employees across different life stages, income levels, and financial goals can benefit from tailored advice and tools. This inclusivity ensures that the platform meets the needs of a diverse workforce, from those just starting out to those nearing retirement.

Conclusion

Octopus Money provides a comprehensive financial wellness solution that benefits both employees and employers. Employees receive personalised advice and support to improve their financial health, reducing stress and enhancing well-being. For employers, integrating Octopus Money into their benefits package helps increase employee satisfaction, retention, and productivity, while fostering a supportive workplace culture focused on holistic well-being.

Pricing

£8.00 (example)

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