Greenwich Hospital has awarded the White Ensign Association (WEA) a grant of £160K to fund the appointment of a new Financial Wellbeing Manager, enabling the WEA to further increase its level of support and guidance across the Royal Navy community.
The WEA provides informed guidance on:
- Armed forces pensions, the armed forces compensation scheme and other personal financial matters.
- Civilian employment, retraining and resettlement.
- Access to professional services and advice on personal, domestic, and welfare matters.
Set up jointly by the Royal Navy and the City of London in 1958, the charity supports serving and former members of the Royal Navy (RN), Royal Marines (RM), the Royal Fleet Auxiliary (RFA) and their families.
The funding award from Greenwich Hospital enables the WEA to appoint a Financial Wellbeing Manager in a newly established post from April 2024 for an initial 3-year period. Available to serving and former naval personnel and their families, this new role will provide both proactive financial awareness and assistance in the event of emergent money worries. It combines an educational function with individual casework support, including referring individuals to other specialist organisations where they can provide appropriate guidance or benevolent support.
Commodore Stuart Wright, Chief Executive Officer of the WEA, commented:
“The establishment of a dedicated Financial Wellbeing Manager is an important component of our exciting new strategy which is all about doing more to support our incredible naval community. We are hugely grateful to Greenwich Hospital for sharing our vision and making this possible.”
The educational element of the role will ensure beneficiaries receive career financial awareness training, including presentations in RN/RM units.
In addition to assisting individual beneficiaries, the role’s educational and casework support elements will help those exercising RN divisional and RM regimental responsibilities and those performing equivalent duties in the RFA.
