group risk

Half of all group income protection (GIP) claims are for conditions where definitive medical evidence is difficult or even impossible to obtain, Canada Life has said.

The Government should set up an Independent Assessment Service (IAS) to sign people sick off work, the Sickness Absence review has concluded.

Tax relief should be applied to private medical insurance (PMI) provided by employers for basic tax rate paying staff, the Sickness Absence Review has recommended.

The sickness absence review is expected to call for a government funded panel to judge people's ability to work, taking the responsibility away from doctors.

Living on statutory sick pay (SSP) for just three months would result in significant financial hardship for the majority of UK workers and could even force some to move home, according to new research.

Almost £300m was paid out in group income protection (GIP) claims last year according to figures collated by Grid.

The vast majority of consumers are only prepared to pay less than £5 per week for income protection (IP) with almost a third not willing to pay anything, new research has revealed.

Poor workforce health accounts for more than a quarter reduction in productivity while presenteeism costs businesses three times more than sickness absence, Legal & General has found.

Legal & General has credited diversification into non mortgage related business for strong individual protection results that boosted its third quarter performance.

Addressing employee stress is far more productive than agitating to sack unproductive workers, Canada Life has said.