Third of workers would sacrifice pay for protection products

clock

More than a third of European workers would willingly sacrifice some of their pay for greater financial protection in the event of illness or injury, research suggests.

Alternative healthcare treatments would also be welcomed by 15% of those who responded to the Aon survey. The employee benefits consultancy conducted a survey more than 7,500 workers from the UK and nine of Europe's other leading economies. Pensions topped the list of salary sacrifice options for European employees with nearly 50% stating that they would sacrifice pay for a higher pension contribution by their employer. However increased financial protection was the second most desired option being chosen by 35% of respondents, while alternative healthcare arrangements was seventh ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Individual Protection

Cover Excellence Awards: Intermediary shortlists revealed

Thursday 10 October, The Brewery, London

Cover
clock 12 August 2019 • 1 min read

How the Apollo 11 crew obtained their life insurance

50th anniversary of moon landing

Adam Saville
clock 19 July 2019 • 1 min read

CII chief issues call for Insuring Women's Futures ambassadors

‘Talk to 10,000’

Adam Saville
clock 04 July 2019 • 1 min read