Auto-enrolment stimulates employee benefits market -Ellipse

clock

The majority of financial advisers surveyed by digital group risk insurer, Ellipse, believe that Auto-enrolment (AE) is having a positive impact on the employee benefits market.

Over two-thirds (67.22%) agreed that AE had prompted employers to think about their wider benefits offering to employees, while 65.54% agreed AE would lead to more interest in employee benefits generally.

They also had no significant concern that spending on other benefits would drop as a result of its implementation.

Ellipse CEO, John Ritchie, commented: "We have always felt positive about the impact pensions auto-enrolment would have on the wider benefits market, so it is encouraging to see that our optimism is shared by the majority of advisers."

Looking more generally at the impact of AE on employers, the Ellipse survey also signalled that many smaller employers yet to reach their staging dates were unprepared for AE, according to the advisers questioned.

More on Individual Protection

Government publishes Mental Health Bill draft

Government publishes Mental Health Bill draft

Takes aim at racial disparity and increased individual support

Hemma Visavadia
clock 28 June 2022 • 2 min read
Entries for COVER Customer Care Awards closing soon!

Entries for COVER Customer Care Awards closing soon!

Deadline on 24 June

COVER
clock 20 June 2022 • 1 min read
OneFamily warns of life insurance gap to cover funeral costs

OneFamily warns of life insurance gap to cover funeral costs

Two thirds of over 50s have no life cover

Hemma Visavadia
clock 17 June 2022 • 2 min read

Highlights

The COVER Review June 2022: Pride, Sandy's Story, Consumer Duty and IP for Gen Z

The COVER Review June 2022: Pride, Sandy's Story, Consumer Duty and IP for Gen Z

Now available for members to watch

John Brazier
clock 23 June 2022 • 1 min read
Protection & Technology: Where do we go from here?

Protection & Technology: Where do we go from here?

"The potential for this technology to revolutionise our industry is huge"

Hemma Visavadia
clock 27 June 2022 • 6 min read
Spotlight: Alzheimer's disease & dementia

Spotlight: Alzheimer's disease & dementia

"The underwriting of Alzheimer's disease is relatively straightforward"

John Downes
clock 24 June 2022 • 5 min read