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News

Employee Benefits

Employers up spend on benefits despite auto-enrolment costs

Employers have been up spending on benefits in spite of auto-enrolment costs, Group Risk Development (GRiD) has reported.

clock 06 December 2012 •

Employee Benefits

Teeth, eyes and rehab are top cash plan benefits - Health Shield

Dental, optical care and physiotherapy are the most popular health cash plan benefits across the UK, Health Shield has revealed.

clock 06 December 2012 •

Individual Protection

19 days: Survival time without protection

The average British family has just 19 days before savings run out if the main breadwinner is unable to work, L&G has reported.

clock 06 December 2012 •

Group Protection

2013 "a Challenge" - Canada life

Whilst soft markets for Group Life, and Death in Service Pensions are ending, the trend for Group IP is towards reducing premiums although the Group Critical Illness market continues to grow, according to Canada life.

clock 06 December 2012 •

Regulation

OTS to conduct review into taxation of employee benefits

The government will ask the Office of Tax Simplification to conduct a review of ways to simplify the taxation of employee benefits.

clock 06 December 2012 •

Term Assurance

L&G reports 50% drop in female sales post gender re-price

Legal and General has seen a "better than expected" 50% fall in female sales after going gender neutral.

clock 06 December 2012 •

Adviser / Broking

IFA partners with aggregator for non-advised protection service

An IFA firm has partnered with an aggregator and launched its first automated, non-advised proposition for protection business.

clock 06 December 2012 •

Income Protection

QCF level 4 not needed for Holloway product advice - FSA

The FSA has confirmed that advisers who are not level 4-qualified can still advise on Holloway insurance products.

clock 05 December 2012 •

Income Protection

Chancellor's welfare spending cuts are "pain without purpose"

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

clock 05 December 2012 •

Insurer

Warren Buffett seeks $1bn damages from Swiss Re

Reinsurer Swiss Re could be on the hook for $1bn in damages over a life insurance deal agreed with Warren Buffett's Berkshire Hathaway conglomerate, according to reports.

clock 05 December 2012 •
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