1. What does financial resilience mean to Suffolk Police Federation?
Financial resilience means having the ability to withstand those life events that could lead to a sudden fall in income, that may impact your savings or assets or that cause unavoidable rises in expenditure.
Those events could be individual, such as unemployment, divorce, or health issues, or they can affect wider society, such as recession, acts of terrorism or war.
For the Federation, it’s about making sure our members are in the best possible position to face those financial challenges if and when they come.