Protection Review 2015: ABI develops workplace sick pay statement

clock • 1 min read

The Association of British Insurers (ABI) is developing a workplace statement that will allow employers to tell employees exactly what sickness benefits they are entitled to.

It believes the statement will lead workers to then more clearly understand what other financial weakness they have.

Speaking at the Protection Review conference, Charlie Campbell, policy adviser at the ABI said: "Something we're working on at the moment is a prototype workplace statement which will try to create a bit of a journey and bring a bit of awareness to employees about what they are entitled to as an individual from their employer.

"And it will create a clear link to a household benefits calculator situated somewhere like the Money Advice Service so they can see personally what they need to do to move with sick pay and once that's comes to end what they as a household will be entitled to from the state."

Campbell added that it would encourage people to think about what financial protections they had available.

He was responding to Roy McLoughlin, partner at Master Adviser who implored employers to educate staff about sick pay provision.

He said:"What we would like is some pressure on the government to either make it compulsory or strongly encourage employers to be honest about sick pay and give a statement to all their staff about how much they are going to get and how long it's going to last."

"Because inevitably the majority of people don't know that. If that was on the table that could be very positive as I think some employers may say ‘well we should do something about this and what is the solution.'

"At the very least individuals working in companies will know what their situation is and they simply don't. That's very worrying," he added.

Further Reading:

ABI's head of protection moves to MAS

A third of UK workers without sick pay - LV=

Summer Budget 2015: Chancellor announces benefits changes


More on Income Protection

Partner Insight: A pragmatic approach to inclusive Income Protection

Partner Insight: A pragmatic approach to inclusive Income Protection

Personalised solutions can provide individuals with more choice and can remove barriers to protection, according to mutual society National Friendly

National Friendly
clock 21 February 2024 • 3 min read
IPAW 2023: Nine in 10 people stay in or return to work via vocational rehabilitation

IPAW 2023: Nine in 10 people stay in or return to work via vocational rehabilitation

Day five of Income Protection Awareness Week 2023

Jaskeet Briah
clock 22 September 2023 • 3 min read
IPAW 2023: Improving underwriting to help write income protection business

IPAW 2023: Improving underwriting to help write income protection business

Day four of Income Protection Awareness Week 2023

Jaskeet Briah
clock 21 September 2023 • 3 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read