Many retirement planning tools ignore the connection between health and employee financial well-being. myFiTage makes the connection, and more, for employees at all stages of their career. The tool enables individuals to determine the age at which they'll likely be able to retire comfortably, based on their health and financial resources — that's their personal FiT Age. It also models how, by taking specific actions, they can change their FiT Age for the better.
The myFiTage experience is different from other employee financial well-being programmes, because the concept of a FiT Age is both tangible and motivational. It paints a clear picture of the potential impact of an individual’s retirement planning actions.
For an employee, the FiT Age assessment begins with a very personal question: “At what age will I have financial independence?” To answer that question, FiT Age provides a personal projection of when an individual’s retirement resources will be sufficient to meet his or her retirement health and lifestyle needs. The results also explain the actions employees can take to change their FiT Age outcome at the lowest cost to their lifestyle today.
Using the myFiTage portal, your employees will understand how their actions can help them achieve their desired FiT Age.
Learn more about FiT Age.
Tackling retirement inadequacy
The UK Fit for Retirement Survey 2015 provides an insight on how employers are tackling retirement inadequacy and how they plan to in the future.
Are your employees retirement ready?
Employees really struggle to assess when they will be able to afford to retire with the quality of life in retirement that they desire. Phil Percival discusses how this impacts employers.