Time to consider your financial wellbeing?

24 February 2021

A new Police Mutual factsheet aims to help police officers take control of their financial wellbeing during the ongoing pandemic.

Police Mutual, which provides financial services and welfare support to the police service, has produced its third guide for Federation members on money issues during coronavirus.

The guide includes a budget calculator to help you manage your money, advice on savings and tips on how you can spend less. There is also advice on bills, mortgages and how to check your credit score.

The factsheet signposts people to a care line service provided by Health Assured, which offers advice and information to help with a range of concerns, including emotional support.

A spokesperson said: “If you’re concerned about debt, there’s nothing wrong with asking for help. It might seem like the last thing in the world you want to do, but opening up and talking to someone about your debts can feel like a weight off your shoulders.”

Police Mutual has also produced a separate guide to redundancy in partnership with PayPlan, a leading debt advice provider, which offers free and confidential advice to anyone in serious financial difficulties.

PayPlan’s Redundancy Guide aims to talk people through what to do if they’re in debt and being made redundant.

Gwent Police Federation chair Steve Thorpe commented: “Some officers and their families have found themselves affected by the job losses caused by the pandemic.  Although officers themselves cannot be made redundant, their partners can.  Currently some officers are faced with a partner’s unemployment or redundancy and this guide could prove useful in helping them through this situation.”