Protection
Grid calls on chancellor to reverse ‘unjust’ and ‘flawed’ double taxation of GIP
Group Risk Development (Grid) has written to chancellor Jeremy Hunt expressing concerns about HM Revenue & Customs "flawed" interpretation of taxation on group income protection (GIP), within the context of an optional...
Read moreEmployers struggle communicating health and wellbeing benefits – Towergate
Seven in 10 large companies say they find it difficult to ensure communication of health and wellbeing support is always relevant to employees, according to research from Towergate Health & Protection. The...
Read moreAviva allows cash-strapped protection customers to trim cover
Aviva has launched a cost of living support scheme allowing existing individual protection customers to cut the value of their cover. However policyholders will need to answer medical questions later if they...
Read moreAdvisers cite SME cost pressures as top concern but health demand soars
Cost pressures on SMEs and the economic environment are driving business worries for workplace protection advisers, but the growing interest of health and wellbeing is countering these concerns. More than half (55%)...
Read moreL&G updates CI proposition and extends all guaranteed insurability options
Legal & General Retail has made a series of updates to its critical illness (CI) proposition including increased payments for terminal illness and children's CI claims. Guaranteed insurability options (GIOs) have also...
Read moreGuardian unveils first IP product eyeing ‘significant’ opportunity in growing market
Guardian is launching its first income protection (IP) product with a roll out set for the coming weeks. The product will be available to all advisers using IRESS, IPipeline and LifeQuote product...
Read moreFCA wants advisers to complain if they do not get insurer target market data
Advisers should complain to the Financial Conduct Authority (FCA) if they do not receive target market data from insurers as required under Consumer Duty information sharing requirements. This is according to FCA...
Read moreHow providers and advisers are meeting the financial wellbeing crisis – analysis
Spiralling inflation and energy costs have combined to create a cost of living crisis in which some people have been left with a choice between eating and heating. As a result, some...
Read moreBritish Friendly pays 90% of IP claims
British Friendly paid 90% of new income protection (IP) claims in 2022 and just over £5m to its members in income protection and discretionary BF Care claims. British Friendly paid 1,193 claims...
Read moreUnum pays £395m in claims but warns remote working delaying GIP interventions
Unum UK paid a total of £395m in claims in 2022, up £29m on 2021, with around £216m of the total being for group income protection (GIP). However it warned that the...
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