PeopleValue Partners with Harrington Brooks for Debt Management Solutions
PeopleValue, the nation’s leading supplier of voluntary benefit solutions, has partnered with Harrington Brooks, one of the UK’s leading debt solution providers, to offer financial and legal advice and support to its clients’ employees.
Users of PeopleValue’s Advantage 6 voluntary benefit solution will now be able to access debt advice and guidance from Harrington Brooks, as well as legal support from its sister companies. This includes a free 30 minute consultation for legal advice with Castle Keep Law and specialist legal advice for carers to help reclaim care costs with My Care Claim.
With 6,045 new debt problems now dealt with by the Citizens Advice Bureau every working day*, financial wellbeing is now a topic that is firmly on the agenda for many UK employers. The impact that debt problems cause can directly affect the wellbeing of employees with six in ten people in debt affected by mental health problems**. Debt issues also affect the economy too, with estimates that debt costs the UK £8.3 billion through the damages it causes to wellbeing, productivity and the welfare state***.
Additionally, often employees don’t have access to the requisite legal advice to help those facing financial difficulty, whether it be to defend against enforcement action taken by creditors or help employees recover mis-sold financial products.
PeopleValue’s solution, The Zone, seeks to address the challenges of financial wellbeing, and the impact that this can also have on mental wellbeing, by offering a wide range of financial management resources to employees. These will be provided through the Advantage6 benefits platform.
Jodi Hamilton, Head of Marketing at Harrington Brooks, commented:
“We are delighted to be working with PeopleValue and offering our debt management services out to their clients’ employees through Advantage6. The financial wellbeing of employees is now firmly on the radar of employers, and by working with PeopleValue we are able to provide assistance to their entire user base so that employers can address this issue and provide assistance.”
Mike Morgan, CEO of PeopleValue, commented:
“Our health and wellbeing solution, The Zone, comes as standard within Advantage6, and the wealth of tools and resources available to employees means that employers are able to demonstrate their consideration for their wellbeing. Financial education and wellbeing is a hot topic and we have taken measures to introduce a service that will help employees pro-actively address their finances.”
Notes to Editors
Founded in 2002 and Headquartered in Wheatley, Oxfordshire, PeopleValue is a leading supplier of voluntary benefit and reward and recognition technology throughout the UK and Europe. The company plays an important role in providing technology that helps inspire, motivate, and reward employees, partners, customers and members. The company currently employs 35 staff over three offices serving over 260 corporate clients. For additional information about PeopleValue, call 01865 876696, email [email protected], or visit www.peoplevalue.co.uk.
*The Money Statistics October 2014, from the Money Charity
**World Mental Health Day – 10th October 2014 – Citizens Advice calls for responsible lending
***StepChange, Cutting the cost of problem debt, 8th October 2014