The IQ says the Fund was set up to support members and their dependents in times of difficulty.
The IQ Benevolent Fund (IQBF) was established in 1925 and over the years has helped many members and families who were facing financial uncertainties because of long-term illness, disability or death.
James Thorne, IQ chief executive officer, commented: “Every year, one per cent of all member fees are donated to the IQ Benevolent Fund. With the current health, social and economic uncertainties that we are all facing, the fund provides reassurance for members old and new in the UK that a helping hand is available if needed.
“Essentially, the IQ Benevolent Fund is all about the industry giving back to our friends and colleagues, and their families, in times of hardship. It’s one of those IQ member benefits that sits quietly in the background and which is only called upon in exceptional circumstances. And as we are all acutely aware, these are exceptional times with many countries around the world experiencing these circumstances too."
In response to the current situation, the IQBF Trustees have agreed to use part of the fund to provide a special Covid-19 fund to support members. Those wanting further details of the Covid-19 fund should contact the IQBF welfare officer.
