People in poor health have poor finances too, with just one in 20 having high levels of financial resilience compared to a third of people in good health.

Research and innovation centre Nest Insight has partnered with financial wellbeing provider Wagestream to launch a new workplace emergency savings pilot.

The Financial Conduct Authority is planning to replace its Financial Resilience Survey with a new financial resilience regulatory return for solo-regulated firms.

The FCA is to carry out an extensive survey of solo-regulated firms to assess how they are coping with the cost of living crisis.