We have developed a number of ventures with Third Sector organisations to help us to understand issues key to our Savings business. These partnerships include improved access to retirement planning advice, assisting with debt management and financial inclusion and supporting improved maths literacy.
Corporate Business Division and Money Trail – Age Concern
Over the last few years‚ Legal & General has supported Age Concern’s work helping people to plan ahead for a comfortable retirement. With Legal & General’s support‚ Age Concern has developed MoneyTrail‚ a new way of helping older workers to plan for their retirement and to make informed choices that will hopefully lead to a more satisfactory retirement income.
Updated in 2008‚ MoneyTrail allows Age Concern to help people aged 50-65 who are anxious about money matters‚ unsure of where to go for advice‚ and unaware of the options available to them. MoneyTrail is intended to be more interactive and centred on decision-making than any other online financial health-check programme currently available.
Legal & General has supported Age Concern with the management and distribution of the project‚ while the Department of Work & Pensions has provided funding for the development of the MoneyTrail software. Legal & General will be providing the MoneyTrail CD-ROM to all employer companies where we provide group pension schemes.
Tony Filbin‚ Managing Director of Legal & General’s Corporate Savings business‚ said‚ “The MoneyTrail CD ROM really gets people to think about their expected retirement income. Age Concern’s work countering pensioner poverty and Legal & General’s work encouraging people to save effectively for retirement complement each other and MoneyTrail can help to raise awareness of both issues.”