Helping to Build a Brighter Future – Our Partnership With The Care Leaver Covenant

23.09.2019 by Jim Ker

In July 2016, the Government published a major policy document ‘Keep on Caring’ to support young people from care to independence. A key policy commitment in the paper was a pledge to introduce a Care Leaver Covenant. The Covenant is a promise made by the private, public and voluntary sectors to provide support for care leavers aged 16-25.

The Care Leaver Covenant was launched in October 2018, and in July this year, Kingston Unity made a commitment to work alongside them to help tackle some of the challenges faced by those leaving care.

Undoubtedly, a large proportion of young people leave their care setting poorly prepared for independence. Typically, they lack the appropriate resource to acquire and hold down gainful employment as well as the skills needed to manage their financial affairs and domestic arrangements. They frequently do not have the social and emotional confidence or the family and friend networks that would provide the confidence and resilience to face the challenges of earning a living and making their way in society.

As part of our commitment to working with the Care Leaver Covenant, we will aim to provide additional support for those leaving care; making available a different kind of support and expertise from that statutorily provided by local authorities. Drawing on the resourcefulness and imagination of the team, we hope to offer new perspectives and professional expertise.

This is a long term commitment that we hope will develop over time, but in the short-term we will be hosting an event later this year for care leavers to come and, not only be in an environment with other care leavers, who truly understand and appreciate their circumstances, but also be afforded the opportunity to learn about budgeting & saving, gain CV and job interview techniques and also to talk generally about their future aspirations and what steps they could take to make them a reality.

Whilst there is overwhelming evidence that care leavers can find themselves at the ‘thin end of the wedge’, there are also some real success stories detailing how care leavers overcome adversity and succeed despite their circumstances. Joining the Care Leaver Covenant is our way of contributing to helping care leavers have a greater chance at success.

If you’d like to know more about the Care Leavers Covenant or would be interested in becoming involved, then please contact the team.

Please Note: You must confirm you have read the key facts, before downloading this document.

Key Facts about our services and costs

1. The Financial Conduct Authority (FCA)

The FCA is the independent watchdog that regulates financial services. This document is designed by the FCA to be given to consumers buying certain financial products. You need to read this important document. It explains the service you are being offered and how you will pay for it.

2. Whose products do we offer?

We offer products from the whole market

We only offer products from a limited number of companies

We only offer our own products

3. Which service will we provide you with?

We will advise and make a recommendation for you after we have assessed your needs.

You will not receive advice or a recommendation from us. We may ask some questions to narrow down the selection of products that we will provide details on. You will then need to make your own choice about how to proceed.

We will provide basic advice on a limited range of stakeholder products and in order to do this we will ask some questions about your income, savings and other circumstances but we will not:

  • conduct a full assessment of your needs;
  • offer advice on whether a non-stakeholder product may be more suitable.

We can only offer products from Kingston Unity Friendly Society. These products will enable you to:

  • protect yourself and your loved ones in the event of death
  • save and invest with the added benefit of protecting yourself and your loved ones in the event of death
  • provide benefit cover in the event of sickness

4. What will you have to pay us for our services?

Normally, if you buy a financial product direct from us, there will be no payments such as commission or fees payable. If there are any commission or fees payable, we will tell you how we get paid and the amount before we carry out any business for you.

5. Who regulates us?

Kingston Unity Friendly Society, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and .the Prudential Regulation Authority. Kingston Unity Friendly Society’s FCA Registered Number is 110056.

Kingston Unity Friendly Society permitted business is advising and arranging life assurance and pensions business.

You can check this on the FCA’s Register by visiting the FCA’s website or by contacting the FCA on 0845 606 1234.

6. What to do if you have a complaint

If you wish to register a complaint, please contact us:
…in writing Write to Kingston Unity Friendly Society, Complaints Department, 9 Navigation Court, Calder Park, Wakefield, WF2 7BJ. …by phoneTelephone (01924) 240164

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

7. Are we covered by the Financial Services Compensation Scheme (FSCS)?

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim.

Most types of insurance business are covered for 90% of the claim with no upper limit.