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CII boosts hardship fund as coronavirus lockdown rolls on

CII boosts hardship fund as coronavirus lockdown rolls on | Insurance Business UK

CII boosts hardship fund as coronavirus lockdown rolls on

Testing times often bring out the best in us – and the coronavirus pandemic has prompted many within the insurance sector to show goodwill with donations to the NHS and other frontline workers. However, what about those within the industry itself who are suffering the economic impact of the virus outbreak?

The Chartered Insurance Institute (CII) has stepped in to offer financial support to furloughed members of both the insurance and personal finance professions. It is providing discounts to those financially impacted by COVID-19 so they can still invest in their personal development during this period.

The professional body has introduced a 20% discount on digital learning materials for those who have been furloughed – both members and non-members – as a result of COVID-19. The offer also extends to those being made redundant or working for a business that has collapsed due to the outbreak.

“We have taken this action to assist and support both our members and non-members who are undertaking studies to maintain and develop their knowledge during this time of increased uncertainty,” said learning and assessment director Gill White.

“We want to ensure when government guidance changes, our insurance and personal finance professionals are in the best place they can be and have the knowledge needed to assist consumers.”