Income Protection

The majority of UK adults have no awareness of limited state support should they be unable to work through illness or disability, according to Zurich research.

Think-tank Demos has called on bosses to offer employees income protection (IP) schemes this Christmas to boost morale and productivity.

Young adults have classed themselves as financial dependants without insurance or savings, Bright Grey has reported.

Welfare spending will be cut in a further £6.6bn savings package, the chancellor of the exchequer announced in the Autumn Statement today.

Carol Sergeant has suggested the proposed income replacement product will not be included in the first phase of the proposed simple products, the Income Protection Task Force (IPTF) has stated following a meeting with the review's chair.

Employers need advice on prevention of mental health issues to sit alongside group cover, a group risk industry body said at an Association of British Insurer (ABI) briefing this morning.

A steering group chaired by the Association of British Insurers (ABI) and the Treasury is currently drafting a report on under-protection.

Zurich will be investing significantly in technology next year as part of a strategy to serve the mass market more.

PROTECTION WATCH

An employer may terminate the contract of an ill worker receiving claiming protection insurance benefits, a tribunal ruling confirms.