ABI: £30 NI GIP break would save Govt £220m
A £30 per employee flat rate reduction in National Insurance could see a further 1.5m UK workers covered by group income protection and save the Government £220m over 5 years, says the...
Group Risk
Actual and perceived costs key barriers to GIP – Grid research
Actual and perceived costs are the main barriers to employers offering group income protection (GIP), with awareness of the product and incentives key to increasing coverage, research from Group Risk Development has...
World Cancer Day: ‘Group risk key to workplace cancer support’
Cancer is the most prevalent cause for claims on all three of the main types of employer-sponsored financial protection policies, group income rotection (GIP), group life assurance (GLA) and group critical illness...
GIP no longer high-earner only product
Group income protection is extending its reach into lower income groups within the workplace with more than half of workers covered now earning less than £40,000 a year, according to figures from...
Aviva adds child-specific illnesses to group CIC
Child-specific illnesses such as cerebral palsy, cystic fibrosis and muscular dystrophy are to be covered in Aviva’s group critical illness offering, a move the insurer is describing as a first for the...
Nick Boyton: GIP – incentives or employee demand?
NI incentives will help to boost group income protection, but improving employee awareness of the value of the benefit will be key says Broadstone risk and flexible benefits client relationship director Nick...
Paul Avis: As state protection shrinks, group risk should fill the gap
Changes to state benefit rules from April 2017 and 2018 mean group risk cover could be the most important employee benefit companies provide to staff says Canada Life Group Insurance marketing director...
Confusion over excepted life and GIP tax status
The position of excepted group life policies (EGLP) and group income protection schemes have been thrown into question by a lack of clarity in the Finance Bill released last week. Experts say...
Rename GIP – and other ways to improve take-up of group risk
Income protection is a misnomer and the product should be rebranded to reflect the broader range of services it offers, say experts at the Corporate Adviser Healthcare and Group Risk Summit. Speaking...
CA Forum: 'Find group risk message to counter Brexit gloom
A unified narrative that offers SMEs, micros and the Just About Managing tangible assistance is the best way for the benefits sector to influence Government’s shaping of the tax and regulatory framework....
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