Record payouts on group risk claims
The group risk industry paid a record £1.76bn amount in claims during 2019. New data published by Group Risk Development (Grid) showed that the total claims paid in 2019 rose by £75m...
Group Life
250,000 NHS staff only have £60,000 life cover
A quarter of a million NHS staff who opted out of its defined benefit (DB) pension scheme only have life cover of £60,000 in the event of Covid-related death, and some non-front...
Unum gives free access to wellbeing app for small firm customers
Unum is giving free access to its digital Help@hand health and wellbeing service during Coronavirus to firms with less than 100 employees. Between 1st May and 31st July, 2020 small firms that have a...
Furloughed workers’ group risk cover – CA group risk Covid round table
Furloughed workers will generally be considered to be employed under their prior terms of employment for group risk purposes, but the fine detail of precisely how payouts will work is yet to...
Paul Avis: Coronavirus shows the real value of group protection
The Coronavirus pandemic is exactly the kind of situation that reinforces the value of group protection and the importance of using a quality, strong insurer with beneficial terms and conditions. As an...
One in three employers fail to promote healthy lifestyles
A third of employers are failing to offer support for the physical wellbeing of staff, according to new industry research from Group Risk Development (Grid). The trade body pointed out such support...
Comment: How EGLP master trusts can make life simple
How can master trusts help grow the group market? We know there are hundreds of thousands of small and medium-sized companies (SMEs) that may be interested in protecting their workforce with a...
Breaking: Group life exempted from HMRC TRS rules
Group life policies and other pure protection arrangements are to be exempted from anti-money laundering obligations under proposals published by HMRC today. Both excepted and registered trusts are to be exempted from...
Clare Lusted: EGLP master trusts – making life simple
How can master trusts help grow the group life market? We know there are hundreds of thousands of small and medium-sized companies (SMEs) that may be interested in protecting their workforce with...
Bereaved staff need more support from managers: MetLife
Workplaces need to do more to support employees coping with bereavment, according to new research from MetLife UK. The group risk insurer found that this issue impacted significant numbers of employees, with...
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