The UK insurance and long-term savings industry has launched the Covid-19 Support Fund to help support some of the people hardest hit by the Covid-19 crisis.

Launched in May, the Covid-19 Support Fund has raised over £100 million, with £84m having been pledged in voluntary contributions from firms across the insurance and long-term savings sector. The Fund will work in partnership with the Charities Aid Foundation, and a network of partners, including the National Emergencies Trust and Business in the Community.

The key aim is to provide immediate relief to charities affected by Covid-19, as well as a longer-term programme of support for people, communities, and issues where there is the greatest need, including:

• Community based charities that are under unprecedented strain 

• Charities supporting the most vulnerable – in particular, families and children living in poverty and older people in isolation 

• Initiatives to promote wellbeing and mental health across society