Protection Review 2015: ABI develops workplace sick pay statement

clock

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 Adviser / Broking

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
Krysalis partners with Group for Autism, Insurance and Neurodiversity

Krysalis partners with Group for Autism, Insurance and Neurodiversity

Support for group members

John Brazier
clock 23 June 2022 • 1 min read
Wealth Wizards launches self-service guidance software

Wealth Wizards launches self-service guidance software

Royal London among users

Julia Bahr
clock 22 June 2022 • 1 min read

Highlights

Key Interview: Isobel Langton, The Exeter

Key Interview: Isobel Langton, The Exeter

Cost of living and women in protection

John Brazier
clock 21 June 2022 • 1 min read
Bereavement support: Is the protection industry doing enough?

Bereavement support: Is the protection industry doing enough?

“There is a massive ripple effect when someone dies”

Georgie Lee
clock 16 June 2022 • 5 min read
Phil Jeynes: Women in Protection remains a necessary event - here's why

Phil Jeynes: Women in Protection remains a necessary event - here's why

Phil Jeynes, director of corporate strategy at Reassured, shows why events such as the Women in Protection Network Conference are important to the industry by busting the myths that still surround them.

Phil Jeynes
clock 10 June 2022 • 5 min read