Legal & General's Martin Noone revisits the Autumn Statement's consequences for group income protection.
The ‘Improving Lives: Work, Health and Disability' green paper published by the Work and Pensions minister at the end of October, encouraging companies to invest in their employees' wellbeing, was a welcome development. It provided a great opportunity to highlight the valuable support that group income protection (GIP) already provides and heighten the debate around it through discussions with employer groups and federations. It was confirmed in official figures shortly afterwards that only 7% of the population has insurance through GIP; a concerning statistic given the number of peop...
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