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

EAPA publishes results of Health Assured investigation

EAPA publishes results of Health Assured investigation

Aspects of actions not meeting ethical standards

Cameron Roberts
clock 13 March 2026 • 2 min read
Phil Parkinson named Mercer UK CEO

Phil Parkinson named Mercer UK CEO

Parkinson to take up role in the coming weeks

Jaskeet Briah
clock 13 March 2026 • 1 min read
13% of UK workers have access to private healthcare

13% of UK workers have access to private healthcare

Half of those desiring benefit

Cameron Roberts
clock 11 March 2026 • 2 min read