This week is Financial Capability Week, the UK-wide government backed campaign which promotes financial wellbeing and encourages people to #talkmoney.

What’s #talkmoney?

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.

Credit Unions

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:

And don’t forget to make the most of your Co-op benefits.

#talkmoney – let’s get the conversation started!

Gary Dewin
Director of Pensions, Reward, Benefits & ER

Join the conversation! 3 Comments

  1. I agree PK just looked on the vacancies and a Masonry Excellent Administrator is on more per hour that us Arrangers and the job description does not mention that they are client facing.
    Approx 14 years ago an independent consultancy looked at the roll of a funeral Arranger and recommended that we should be £15 per hour, for all of the tasks which we have to perform. Co-op appointed the consultancy and had the nerve to tell us what they recommended, then gave us a really small pay increase.

    Ways of Being Co-op

    Reply
  2. The Co-op is always recommending us to join the credit union, invest our money in a pension and use the benefits page to save money. Why not allow us to buy a funeral plan over a maximum period of 25 years with NO additional charges and give us our employee discount. And why not allow this to be a deduction from our pay before tax and national insurance? We have over 70,000 colleagues!

    Reply
  3. I really love my job with the Co-op but the pay for a Funeral Arranger is so low. I don’t understand this. I can take in funeral charges and plan payments, well over my ANNUAL pay in one day at work.

    Reply

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Category

Colleague support