HI Daily - Financial capability in the UK ‘stubbornly low’

Employers urged to discuss the benefits of group risk products

Levels of financial capability remain stubbornly low across the UK and 27 million working-age people do not have a sufficient savings buffer to allow them to cope with a significant income shock, research shows.

The figures, released for Financial Capability Week (13-19 November), also reveal 21 million working-age people do not have £500 saved to replace a fridge or mend a car and only half of people with families have any life insurance.

Please click here to view the full article.

Benefits of membership:

A STAKE IN POLICY

The opportunity to influence group risk policymaking.

VALUE BY ASSOCIATION

GRiD is a respected voice in the protection sector – as such, membership enhances the status of member organisations.

ACCESS TO EXCLUSIVE INFORMATION

Privileged access to output from the various working groups, including consultation responses, regulatory updates, employer research and pan industry claims data. GRiD members also gain exclusive access to industry speakers at member meetings.

Please enter your details:

Who are you?
Who are you?
- Employer
- Journalist
- Group risk professional (non-member)
- GRID member
- Trade body/Employer body
- Other interested party
First name
Last name
Company name
Role
Telephone
Email address
I agree to GRiD's Terms & Conditions and have read and understood GRiD's Privacy Policy
Already a member? Please login.