Standard Life Charitable Trust and Shelter Partner to Help People in Need of Financial Advice

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The Standard Life Magnanimous Trust is giving subsidizing to lodging and vagrancy philanthropy Asylum for three phone counsels at the philanthropy\’s lodging guidance lines in Britain and Scotland.

Sanctuary\’s lodging counsel line gives support to the individuals who are under water and behind with lease and home loan installments, and additionally offering guidance on a scope of different issues including removal and repossession. The helpline offered counsel to just about 50,000 individuals crosswise over Britain in 2010 alone.

A late study by Shelter* demonstrated that more than one in ten (11%) individuals confront a consistent battle to pay their lease or home loan. With unemployment high, the average cost for basic items expanding and the likelihood of an ascent in loan fees ahead, more individuals are reaching the philanthropy to deal with their accounts and remain above water. In the initial three months of this current year Safe house saw a 30 for each penny increment in calls to its helpline.

The Standard Life Beneficent Trust is an autonomous philanthropy built up in 2009 by driving long haul reserve funds and ventures organization, Standard Life, and is centered around supporting individuals most needing assistance dealing with their accounts.

The Trust\’s gift will finance three full-time phone consultants at Asylum\’s helplines until May 2012 permitting the philanthropy to contact an extra 7,300 individuals with lodging guidance.

Haven\’s CEO Campbell Robb said: "In these indeterminate monetary circumstances many individuals are attempting to bring home the bacon and more are coming to Sanctuary for offer assistance.

"Thanks to this gift from the Standard Life Beneficent Trust we will have the capacity to reach much more individuals. Our counsels can prevent things from spiraling crazy and individuals get back on their feet."

Noblewoman McDonagh, Seat of the Standard Life Magnanimous Trust said: "The Standard Life Altruistic Trust is centered around supporting gatherings who could profit most from cause and guidance to enhance their money related ability. We are enchanted our gift will subsidize extra Safe house counsels so they can help more individuals who are at danger of losing their home, large portions of whom are encountering extreme monetary problems."

Notes to Editors:

*Figures are from YouGov Plc. Add up to test size is 2118 UK grown-ups, with a base of 18-34 year olds. Hands on work was attempted between 21st April – third May 2011. The study was completed on the web. The figures have been weighted and are illustrative of all UK grown-ups (matured 18+).

About The Standard Life Altruistic Trust

The Standard Life Magnanimous Trust (SLCT) is an autonomous philanthropy built up by Standard Life in 2009. The trust is a different association from Standard Life Plc, with its own constitution and Leading group of Trustees. It is subsidized by the Unclaimed Resources Trust (UAT), which was set up to hold any money or shares which went unclaimed after Standard Life\’s demutualisation.

The vision of the trust is to profit society by building capacity and supporting autonomy and it is at present centered around supporting individuals most needing creating aptitudes to deal with their funds including solitary/single guardians, military, youthful wrongdoers and youngsters, giving money related training and monetary help to the individuals who require it.

About Standard Life:

Standard Life is a main long haul reserve funds and ventures organization headquartered in Edinburgh and working universally. Set up in 1825, Standard Life gives ISAs, life confirmation, annuities, common assets, speculation bonds, charge efficiencies, benefits arranging guidance and venture administration, including its stocks and shares ISA to more than 6.5 million clients around the world.


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