Group Protection

Productivity and motivation in the workplace have increased for 9 out of ten companies that introduced health benefits this year, Aviva has reported.

Ensuring the right diagnosis for a medical condition will be crucial for employee health and employer private medical insurance costs, Canada Life has said.

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.

Price has proven to be the bigger factor over benefits when selling cash plans, advisers have said.

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.

Planning strategically for changes in group markets will be key for doing business next year, according to group risk provider Ellipse.

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.