Welfare reform

The National Audit Office (NAO) has concluded the Department for Work and Pensions (DWP) has not achieved value for money in implementing Universal Credit and has suffered a series of setbacks as a result.

The government is cutting welfare budgets with a change in focus on disability benefits. As a result many people currently unemployed through sickness or disability could find themselves in a tough situation. How would I position my business to take this...

Providers have welcomed the government's statutory sick pay increase, but warned against "woefully" high rates of unprotected families as welfare cuts continued.

The imminent Welfare Reform Act should serve as a wake-up call to the public. It will be launched on 1 April and will bring major changes to payments for thousands of people and further reinforce that reliance on the State is a fool's paradise.

PPI controversy, opaque financial services and lack of trust in the industry are key barriers to widespread apathy about insurance protection, pensions and savings, Zurich has warned.

Members of parliament are due to vote on Tuesday on controversial government plans to place a 1% cap on annual rises in some benefits and tax credits for three years.

The majority of UK adults have no awareness of limited state support should they be unable to work through illness or disability, according to Zurich research.

Welfare spending will be cut in a further £6.6bn savings package, the chancellor of the exchequer announced in the Autumn Statement today.

The bill for benefit fraud bill has dropped but more action is still needed, the minister for welfare reform said today.

The challenge for income protection continues. The current focus for most providers is currently on the legislative issues of Solvency II, RDR and gender neutral pricing. These issues are large and distracting from product development.