group risk

The sickness absence review is expected to call for a government funded panel to judge people's ability to work, taking the responsibility away from doctors.

Living on statutory sick pay (SSP) for just three months would result in significant financial hardship for the majority of UK workers and could even force some to move home, according to new research.

Almost £300m was paid out in group income protection (GIP) claims last year according to figures collated by Grid.

The vast majority of consumers are only prepared to pay less than £5 per week for income protection (IP) with almost a third not willing to pay anything, new research has revealed.

Poor workforce health accounts for more than a quarter reduction in productivity while presenteeism costs businesses three times more than sickness absence, Legal & General has found.

Legal & General has credited diversification into non mortgage related business for strong individual protection results that boosted its third quarter performance.

Addressing employee stress is far more productive than agitating to sack unproductive workers, Canada Life has said.

With many legislative changes in the works, the group risk market is hesitant at present. Owain Thomas examines the bigger picture of what is to come for group income protection.

More than half of SME employers fear the cost impact of the government's health and welfare reforms, according to Jelf Group.

The Department for Work and Pensions (DWP) has said removing tax disincentives for employers to implement health and wellbeing strategies may be the "best way forward".