Income Protection

There has been a second fall in the numbers of long term sick people between November 2014 and January 2015, the latest figures from the Office for National Statistics (ONS) have revealed.

Unum is not backing industry discussions around auto-enrolment(AE) for group risk and is instead calling on the government to introduce a temporary tax relief for SMEs with group income protection (GIP) plans.

Teresa Fritz is to join the executive committee of the Income Protection Task Force from 1 April 2015.

The Financial Inclusion Commission (FIC) has called for a minister for financial health to lead on financial inclusion and capability.

Pink will now ask advisers wishing to join the network to provide either proof of their own income protection (IP) policy or their reasons for not having any.

The proportion of households which in the event of losing their income from sickness or unemployment would rely on income protection have fallen by a quarter to 9% in two years, according to research.

The government has accepted a recommendation to investigate the increase in the number of sick or disabled people sent by Work Capability Assessments (WCA) to a Support Group.

Seven Families has reported that the protection industry saw a rise in income protection (IP) enquiries towards the end of 2014.

Zurich has revealed it paid out 93% of income protection claims to over 687 customers during 2014.

Columbus Direct has launched a direct to consumer income protection policy.