Cost of Living Crisis – A Message from The Insurance Charities

Cost-of-Living-Crisis

Authored by The Insurance Charities

From this month the cost-of-living crisis will place the greatest pressure in recent years on households across the UK and Ireland.

With Ofgem having increased the energy price cap by 54 per cent, a sharp rise in fuel bills will combine with several other factors, resulting in what some experts predict will be the sharpest drop in living standards in decades.

In addition to food and petrol prices escalating, many of us are likely to see rises in:

  • Council tax payments
  • National insurance contributions
  • Water bills

Those receiving benefits will receive an uplift of just 3.1 per cent, in the face of inflation which could hit eight per cent.

We’d like to take this opportunity to remind all current and former insurance employees (including those we have helped in the past) we are here to support you with ongoing and one-off financial support wherever it’s needed. We understand that things are difficult now and sometimes some additional help may be needed.

It doesn’t matter what role you’ve had in the industry, and you don’t need to be a member of a trade association or body to apply.

Our full eligibility criteria and simple online application form can be found HERE

If you have any questions do GET IN TOUCH and please share our details with those in your professional networks who may need our support.

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About Charity

The Insurance Charities is the only charity supporting current and former insurance employees and their families across the UK and Ireland.

How do we help?

The charity transforms insurance people’s lives for the better by providing a lifeline to support them with whatever difficulties they may be facing such as redundancy, poor health, domestic abuse, and tragedy.

We can help people throughout their career and beyond with one off and ongoing financial and/or practical support for as long as it’s needed. In 2022/2023 we gave out over £1.3 million to those experiencing financial hardship to help pay for things such as household appliances, school uniform, funeral costs, rehabilitation, and property adaptations. We also work with other organisations such as Aware in Ireland, Shelter UK, and Alzheimer’s Society to provide practical support where needed. Through these fantastic charities we can help those experiencing mild depression and anxiety, assist those with housing concerns, and those affected by dementia.

Did you know?

• It doesn’t matter what role you’ve had working in the sector

• Your application will be treated in the strictest of confidence

• You don’t need to be a member of a professional body or association to access support

• Both working and non-working people can apply

• The charity also supports dependants of insurance employees (past and present) such as children and partners.

We are keen to talk to employers across the industry about how we could support their colleagues so encourage people to get in touch to find out more.

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A lifeline for the insurance industry

The Insurance Charities is the charity for the UK and Irish insurance industry, providing support for current and former insurance employees and their dependants since... click here for more