Group Protection

Paul Robertson talks to Ian Bird about the little known benefits that many companies offer their staff and the more cost effective products on offer to them

Below is the section from the latest RDR consultation paper that applies to pure protection.

Legal & General and Everyday Financial Solutions have agreed a sole-tied protection partnership.

Legal & General (L&G) has increased the maximum benefit on its Group Income Protection scheme from £300,000 to £350,000 for all new and switching schemes.

Nearly one in four employers has reduced their benefit costs by introducing a flexible benefits scheme, according to a survey of UK employers conducted by Mercer.

Bupa is set to provide early intervention and return-to-work support on all its group income protection (GIP) schemes with no increase in premiums.

Protection sales figures released by the ABI today show new single premium business crashed nearly 80% on last year while the group market is proving most resurgent in its recessional recovery.

The public is not aware of the repercussions of the welfare reform Act, IFAs have said.

Legal and General has amended its group critical illness cover.

Most employers have failed to make workers aware that they have life cover as part of their benefits package, according to Aon Consulting.