Some of Britain's biggest insurers are holding talks about creating a fund to help charities which are unable to conduct fundraising during the coronavirus pandemic
Some of Britain's biggest insurers are holding secret talks about creating a new fund to help charities which have been left unable to conduct fundraising activities during the coronavirus pandemic.
Sky News has learnt that the chairs of major insurance companies including Aviva, Hiscox and RSA have floated the idea during discussions in recent weeks.If it goes ahead, the objective of the new fund would be to donate sums to smaller charities which have been brought to the brink of collapse by the COVID-19 crisis, according to a person close to the situation.
The Treasury has separately pledged £750m for frontline charities affected by the pandemic, but officials in the sector have warned that this will not be nearly sufficient to prevent many from going to the wall.Sources cautioned on Sunday evening that the talks about a new insurance industry-backed charitable fund were still at a tentative stage and may not go ahead.
One said the £100m figure had been mooted during the talks but that it could yet differ materially from that amount.
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