Fund would provide relief to charities unable to collect funds amid the lockdown measures

Heads of some the UK’s major insurers and the ABI are in talks to set up a fund to help charities hit by the Covid-19 pandemic, Sky News reported.

The companies, including Hiscox, Aviva and RSA proposed the idea which would provide money to smaller charities who have been left unable to collect money because of the social distancing restrictions imposed in the wake of the coronavirus pandemic.

The fund would complement £750m already separately pledged by the government to help the sector.

A figure of £100m was mentioned, but yet to be confirmed, with the talks only said to be in the early stages, Sky News added.