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

Probate delays jump 65% for year-long cases

Probate delays jump 65% for year-long cases

Cases taking over six months rose 112%

Jaskeet Briah
clock 23 April 2024 • 2 min read
Six in 10 claims handlers want to develop technological skills

Six in 10 claims handlers want to develop technological skills

Sprout.ai research shows

Jaskeet Briah
clock 22 April 2024 • 3 min read
AFM members pay out £70m on IP claims in 2023

AFM members pay out £70m on IP claims in 2023

Claims for musculoskeletal continue to rise

Jaskeet Briah
clock 17 April 2024 • 2 min read