British workers are among the worst protected among their peers in the Organisation of Economic Co-operation and Development (OECD) and government incentives should address it, according to a new report.
The research also found that those earning between £16,000 and £50,000 a year are most at risk should they be unable to work due to sickness or disability as state benefits will not maintain their standard of living. Think tank Demos, who produced the study, suggested the government should introduce incentives to promote protection take-up, something endorsed by Unum. The provider supported the study's production and Jack McGarry, its UK CEO, told COVER that awareness of the risks needs to be raised alongside incentives for employers and employees. "One of first things employers te...
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