Group Protection

Employers have been up spending on benefits in spite of auto-enrolment costs, Group Risk Development (GRiD) has reported.

Whilst soft markets for Group Life, and Death in Service Pensions are ending, the trend for Group IP is towards reducing premiums although the Group Critical Illness market continues to grow, according to Canada life.

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.

Friends Life has announced enhancements to its Group Critical Illness proposition.

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.

In the fourth of a series of articles exploring the finer points of critical illness protection, CIExpert's Alan Lakey investigates heart conditions.

Group risk advisers should take advantage of the "perfect" business opportunity created by auto-enrolment with the phase-in now underway, Canada life has said.

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