Group Protection

Employees do not understand the value of their employee benefits package while many under-25s ignore it altogether, according to research.

Friends Life has re-launched its group protection proposition which integrates the previous Bupa Health Assurance and Friends Provident offerings.

Only a quarter (24%) of people applying for Employment and Support Allowance (ESA) are found sick or disabled enough to be awarded the benefit, according to latest government statistics.

Legal & General has revealed it paid £31.3m in group income protection (GIP) claims last year with 60% of people returning to work in less than six months.

Nearly a quarter of employees feel a major impact when colleagues are absent, Aviva UK Health research has shown.

Businesses are seeing budgets stretched in many ways, but, as Owain Thomas found, advisers who are creative with solutions could produce a windfall for themselves in the group critical illness market

Employers should make changes to their group income protection policies following the abolition of the default retirement age and increases in state pension ages, Legal & General is to warn.

With the advent of consultant charging, group risk offers a valuable opportunity for advisory firms to achieve significant additional income, research has found.

More than a quarter of private sector employers are looking to reduce employee benefit costs by cutting holiday entitlement for staff, according to new research.

The team leading the government's sickness absence review has said it is keen to learn what the insurance industry can offer to improve the current management of absence.