Unum welcomes House of Lord's call for more financial capability training at work

clock • 2 min read

Unum has backed a report from the House of Lords Select Committee on Financial Exclusion.

  It comes as the government is preparing to overhaul the public bodies that advise people on how to manage their money.  The government is expected to announce plans shortly to replace the taxpayer funded Money Advice Service, Pensions Advisory Service and Pension Wise with a single body.  A consultation on the plans closed in December last year. Quoting evidence from Unum, the Lords report expressed concerns that the "slimmed down nature of a new body might lead to a focus on resolving debt issues rather than preventing them through improvements in financial capability".   The...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Poor mental health cost UK economy £102b in 2023: AXA UK

Poor mental health cost UK economy £102b in 2023: AXA UK

£26b lost from workers taking sick days

Jaskeet Briah
clock 19 March 2024 • 2 min read
20% of employees rated workplace mental health services 'poor'

20% of employees rated workplace mental health services 'poor'

Third of UK workers have a ‘high’ mental health risk

Jaskeet Briah
clock 19 March 2024 • 3 min read
Healix launches skin cancer checks for employees

Healix launches skin cancer checks for employees

Dermatological assessments and referrals

Jaskeet Briah
clock 05 March 2024 • 2 min read