Money worries affect millions people across the UK and according to research from the UK Financial Capability Board:
- 21 million people don’t have £500 of savings
- 19 million people don’t have a way of budgeting
- 8 million people have problems with debt, and only 1 in 6 is seeking help
#talkmoney aims to get more of us talking about money, giving people advice, guidance and a place to seek help.
Help from our Co-op
We want to do everything we can to support our colleagues’ financial wellbeing by making sure you know about the help that’s available.
Employee Assistance Programme
If you’re ever worried about money, we’d recommend a call to our Employee Assistance Programme (EAP) on 0800 970 1030.
The service is free, open 24/7 and it’s totally confidential. Trained advisors can talk you through any money worries and help find a solution that works for you. They’re experts in managing debt, setting up workable budgets and helping people build up their financial resilience.
We have two credit unions who help Co-op colleagues save and borrow at reasonable rates of interest. Together they’ve got over 50 years of experience helping colleagues manage their money.
If you’re regularly overdrawn, have money left on your credit card every month or have expensive loans to repay, you should speak to the credit unions. There’s a good chance they’ll be able to save you money.
Find out more
Take a look at some additional information below:
- How to make saving and borrowing simple and affordable
- How the Co-op Rental Deposit Scheme helped a colleague at a difficult time
And don’t forget to make the most of your Co-op benefits.
#talkmoney – let’s get the conversation started!
Director of Pensions, Reward, Benefits & ER