Group risk products should be renamed to more engaging alternatives to make them more understandable and likely to be bought, research from Canada Life Group Insurance suggests. ‘Group life assurance’ has been...
A consultation on the taxation of trusts could have massive implications for the tax breaks available on group life says Canada Life Group Insurance marketing director Paul Avis. The industry needs to...
Holloway Friendly is closing its Optimal group risk brand to new business with immediate effect, with clients being offered the option to transfer to Canada Life on at least equivalent terms. Optimal...
The Government has called on group income protection (GIP) providers to develop cheaper, simpler products before demanding financial incentives, but insurers say they already meet the criteria it has set out. The...
Brexit creates challenges for the UK benefits sector, but, particularly in the area of pooling, it also creates opportunities says Canada Life Group Insurance marketing director Paul Avis There has been much...
The group risk sector offers valuable benefits to employers and employees but should do more product development to ensure the true value of group income protection is understood by them, minister for...
The scale of the challenge facing the group risk sector’s efforts to grow into new markets has been highlighted by research showing just 9 per cent of employees say they would value...
Increasing numbers of employers face a terminal illness tax lottery because of HMRC rules that levy tax on life cover where employees are struck by conditions that give them 12 months to...
Younger women are significantly more likely to access group income protection for mental health issues than men, with a third of women claiming earning under £20,000, Unum’s claim statistics show. The figures...
Zurich paid out on over 97 percent of its new group income protection claims last year with employees benefitting from annualised payments averaging £37,900. Announcing its GIP claims rates for the first...
