Group life

The group life market seems to be one where not a lot happens - it is a well-established, cheap and simple product that has seen little change in recent years. According to ERC Frankona, premium income reached £624m in 1999, rising from almost £596m in 1998 - a small increase when the impact of inflation is considered. Almost 47,500 schemes are in place covering just over six million lives. But while the group life assurance market has been relatively static for a long time, the market may be set for a number of changes. Stakeholder provides massive opportunities for providers and IFAs in...