What benefit do I get from MAP?
Your employer is providing you with access to MAP, a digital financial advice platform designed to help you take control of your finances.
By filling in some basic details about your financial situation, MAP generates a personalised financial plan, your very own money MAP. This can help you manage your money today, prepare for the future, and achieve your long-term goals, like buying a home or saving for retirement.
Financial advice has traditionally been expensive and inaccessible to most people, but MAP brings expert advice directly to you, making it easier to plan for life’s key milestones.
What is financial advice? Isn’t it free online?
While there’s plenty of financial guidance online, it often provides general information that you have to figure out how to apply to your specific situation.
Financial advice, on the other hand, is personal and tailored to you. An adviser reviews your finances and gives specific recommendations to help you achieve your goals. It’s also regulated by the Financial Conduct Authority (FCA), offering legal protection and peace of mind.
MAP provides the same kind of tailored, expert advice you’d get from a face-to-face adviser, without the high costs, so you can make confident financial decisions.
Can my employer see my financial details?
No, your financial details are completely private. Your employer has paid for you to use MAP but cannot see any of your personal information. They only receive general statistics, like how many employees have signed up, but never your individual data.
Why is my employer paying for this?
Your employer understands that financial stress can impact your wellbeing and work performance. By offering MAP, they’re providing you with expert tools to help you feel more secure and confident about your financial future. It’s an investment in your wellbeing, making professional financial advice accessible to everyone in the workplace.
Will my employer know if I use MAP?
Your employer will only know how many employees are using MAP, not who is using it or any specific details about your finances. It’s completely confidential, just like your interactions with a bank or mortgage provider.
Why do I need to pay a monthly fee to keep using MAP?
The optional £6 monthly fee helps keep your financial plan up to date. You can adjust your goals and respond to life changes, like a new job or unexpected expenses. You’ll also receive personalised updates and financial insights to keep you informed.
Think of it as a small investment in your financial future, giving you ongoing support and flexibility for less than the price of two takeaway coffees.
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