As part of your employer’s ongoing support for you in these unprecedented times – welcome to a new Financial Wellbeing information and resources site.

 

Mercer, a firm that specialises in helping organisations support their employees’ wellbeing, has provided you with access to free guides and other financial materials they have produced to help you, your families and your friends manage your finances during this period.

 

We hope you will find it a useful source of information, to help you better manage your Financial Wellbeing in the current circumstances.

 

 

 

These resources are designed to help you , through these difficult times by giving you access to material, links and content which will be regularly updated.

 

Content will include:

  • Practical financial information

  • Money saving hints and tips

  • Checklists and planners

  • Videos or podcasts on financial matters

  • Links to other useful sites providing information on support available

 

 

 

Focusing on our health and that of our family is all our primary concern, the financial impact on people and families’ lives may not be that far behind.

 

It may be tempting to defer looking at our finances but early engagement is the best plan.

 

This site content will be updated and added to as we go forward and will include:
 

  • Our easy to use Employee “A guide to your money in the time of Coronavirus”.
  • Other key reference material and useful links.
  • Regular hints and tips to budget better and save money through a number of simple actions.
  • There will be further recorded Employee videos and podcasts.

Practical Personal Finance

 

Everyone and every household is going to be different and things are changing quickly so there is no one size fits all but the following is a list that should apply to most of us.

 

icon Get your housekeeping in order. Know what savings, investments and loans you have and who to contact
icon Plan ahead. What do you have coming in and going out? What is coming up in the next few months?
icon Have a budget plan – Understand your income and outgoings. Review all current expenditure, cancel any unnecessary spend and look to renegotiate existing contracts to free up extra income. Do shop around to get the best deals in order to maximise savings
icon Review all existing assets and liabilities. If you have debts look to minimise the interest payments by 0% balance transfer credit card where available, talk to your creditors if you are struggling financially – all major banks have given the UK Government a commitment on treating customers fairly, and allowing payment flexibility
icon Review your utility providers and current contracts, are there any savings to be made on your existing tariffs?
icon Check universal credit eligibility, which is available for people in and out of work.  Support for rental costs will be paid through Universal Credit
icon Train season ticket holder – You can now get your money back from train operators
icon Check if you are eligible for a mortgage or rental holiday. Most loan and credit card companies are also offering payment holidays and [most/all] banks are offering interest free overdrafts of up to £500
icon Be wary of scams – https://www.fca.org.uk/news/news-stories/avoid-coronavirus-scams
icon Look out for Government announcements and what help may be available to you and family members.
https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees

 

And most importantly...

Protect yourself, your family and the NHS. Please stay at home.

 

Articles and blogs

 

Find out how our experts are managing throughout the Covid-19 changes, and what they have to say about managing finances and overall wellbeing.


 

Financial Wellbeing Resource centre
Other easy to access support for you

 

You can either watch our first video “Making the most of your money during uncertain times”.  Or you can navigate to each section below to watch again at any time you want.

 

This is designed to take you through a number of key areas and practical information about managing your finances, what help is available from the Government, support being offered by most banks and other financial institutions.

First steps
6:45

How budgeting can help
6:03

Time off work and getting sick
2:22

Managing debt
6:24

What if you lose your income
3:21

Savings, investments, pensions
7:30

 

Links to other useful sites

Disclaimer

This site and the materials made available on it are intended for general information only. They do not contain investment, financial, legal, tax or any other advice and should not be relied upon for this purpose. The materials are not tailored to your particular personal and/or financial position. If you require advice based on your specific circumstances, you should contact a professional adviser.

 

Please feel free to share this site and content with your family and your friends