Navigating the cost-of-living crisis

Financial Wellbeing is feeling secure and in control of your finances, both now and in the future. It’s knowing that you can pay the bills today, can deal with the unexpected, and are on track for a healthy financial future. 

The cost-of-living crisis isn’t going anywhere anytime soon. And with 11.1 million working age people in the ‘financially struggling’ and ‘financially squeezed’ target groups, now more than ever, every employer needs strategies and policies in place to help employees manage their financial wellbeing as well as they can through these challenging times.

We’ve provided support and guidance around the topic of financial wellbeing. Making sure you have access to our well-considered information. 

 

tarun quote

 

 

Guidance for employees

Cost of living guide

Cost of living guide

The cost-of-living crisis is having a huge impact upon the lives of many people in the UK. When things feel hopeless or out of your control, it can have an impact on our mental health, our relationships, working life and general health.

But, if you are struggling to cope, it’s important to remember that you don’t have to face it alone. Here we’ve put together some tips to help you or share with a friend or family member who may be finding things difficult.

PDF file: Read our guide PDF size: 2258 KB

Webinar: Financial wellbeing - what can employers do to help?

Every employer needs strategies and policies in place to help employees manage their wellbeing as well as they can through these challenging times. This webinar unpicks the various elements of financial wellbeing; and also looks at how this impacts individuals across all aspects of their life – both work and home life; and how employers can help.

Vanessa Sallows

 

 

Webinar top take-aways

Webinar quotes

Guidance for employers

In these videos, our Wellbeing Advisory Board provide guidance on what employers can do to better support their employees, the role that financial protection can play in this, other hints and tips to alleviate financial stresses on employees and the linkage between financial wellbeing and overall wellbeing

 

 

Useful resources for support

We've sifted through all of the information around financial wellbeing to provide you with some really useful resources to help support with income, disability, paying bills, childcare, housing costs and travel costs. If you're an employer, make sure you share these with your employees on your company intranet.

Q&A with Dr Tarun Gupta

In this interview, Chief Medical Officer, UK Protection, Legal & General Retail discusses the relationship between the cost of living crisis, loneliness and mental wellbeing. Watch part one and two now.

Be Well

Helping employees actively manage their health

Employers can get help to support a healthy and productive workforce with 24/7 access to expert resources, including an EAP, health and wellbeing hub, support helpline and more.

Get Better

Supporting employees’ families

When many employees become ill or are injured and can’t work, they need support to get better and back to work. Employees covered through their employer by our group income protection, can be supported by an extensive range of rehabilitation services. Employees have access to a Virtual Clinic, counselling, funded early intervention treatments and more.

Be Supported

Financial protection when employees need it the most

When an employee is ill and can’t work or dies, the bills don’t stop coming in. Financial support through prompt claims payment can help families keep on top of their financial commitments. Other services such as later life care, can provide valuable guidance to help navigate the options and considerations when it comes to elder care needs.