The new ESA statistics are being abused but, says Owain Thomas, they could spur IP sales.
This week saw the latest release of government statistics covering applications for Employment and Support Allowance (ESA). Once again the quarterly figures show that less than a quarter of applicants for the new benefit are successful. With only 6% of claimants allocated to the most severely impaired Support Group and 16% placed in the Work Related Activity Group (and hence expected to search for some form of work with help) it is clear that access to paltry state benefits is difficult at best. And this, of course, is good news for the income protection (IP) market. As most ad...
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