London records largest protection gap in the UK

Hargreaves Lansdown research shows

Jaskeet Briah
clock • 3 min read

London was found to have the "most alarming" protection gap in the UK when considering sick pay and income protection, redundancy pay, critical illness cover (CIC) and life insurance, according to Hargreaves Lansdown (HL).

The HL Savings & Resilience Barometer in July measured how people in each area of the UK fared for each of these types of cover, and Londoners come out at the bottom when it came to redundancy pay (48.2%), and sick pay and income protection (72.2%). By comparison, those in the North East were more resilient when it came to redundancy pay (59.7%) and the South East were more resilient when it came to sick pay and income protection (72.2%). According to HL, Londoners did particularly bad when it came to the number of weeks of sick pay they were entitled to, levels of redundancy pay, and...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Sandwich generations face a financial planning gap: Vitality

Sandwich generations face a financial planning gap: Vitality

Finances stretched between generations

Jaskeet Briah
clock 03 August 2026 • 2 min read
The COVER Review: Social care, private health and Consumer Duty

The COVER Review: Social care, private health and Consumer Duty

Week commencing 27 July 2026

COVER
clock 31 July 2026 • 1 min read
Funeral costs up 3.3% since the start of 2026

Funeral costs up 3.3% since the start of 2026

Average costs rise by £151

Jaskeet Briah
clock 27 July 2026 • 2 min read