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The Difference Between Group Protection & Individual Protection

In Business, Employee Benefits, Group Income Protection by Tom Pullinger

It’s a reality that the UK working population is, in general, under-insured. However, some groups are a lot more vulnerable than others when it comes to protection. Research highlights this… For example, according to Canada Life, while nearly half of women aged 25-45 are solely responsible for the financial decisions in their household, almost 57% of this age group do …

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Life Insurance Options For People Over 50

In Family, Insurance, Protection by Tom Pullinger

Many older people don’t think they need to worry about life insurance. In fact, according to research by Moneysupermarket, just over a third (36%) of over-55s don’t currently have a life insurance policy. But the reality is that funeral costs have risen dramatically over the past 15 years, with SunLife research revealing an increase of 112% during that period. As …

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SMEs Set To Expand Benefits To Attract & Retain Talent

In Business, Employee Benefits, Industry News by Tom Pullinger

It’s no secret that the UK is currently suffering from a definitive skills shortage. The skills gaps – which is the difference in skills required within a business and the actual skills the workforce has – is one of the reasons why the UK has the lowest productivity among the G7. According to an independent study by recruitment specialist Robert …

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UK Students Waiting Too Long For Mental Health Support

In Individual, Industry News, Mental Health by Tom Pullinger

Students in the UK with mental health problems are having to wait up to 12 weeks (three months) for help from their universities. It’s a reality that has prompted fears that some may take their own lives during the delay. Figures collected by British universities show that students at the Royal College of Music had the longest waits for counselling …

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A Significant Amount Of Absence & Presenteeism Could Be Addressed With Employer Interventions

In Business, Industry News, Mental Health by Tom Pullinger

Health-related absenteeism and presenteeism cause employers to lose an average of 35.6 working days a year per employee, which equates to a staggering £61 billion in lost productivity annually. Those are two of the key findings of Vitality’s Britain’s Healthiest Workplace study, which was published earlier this year. Back in 2014, the number of days lost annually per worker due …

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Ongoing Employee Benefits, Not Celebrations, Drive Employee Loyalty – GRiD

In Business, Employee Benefits, Industry News by Tom Pullinger

A significant proportion of businesses commit to providing ongoing employee benefits, such as private healthcare and group income protection, to motivate, reward and engage staff. According to research by Group Risk Development (GRiD), the industry body for the group risk protection sector, over a third (36%) of businesses provide ongoing employee benefits as a way of adding real value to …

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Exercising More In Later Life Provides Plenty Of Benefits

In Healthcare, Individual, Industry News by Tom Pullinger

A new study reveals it’s seemingly never too late to lower your risk of death through exercise, even if you’ve not been particularly active and/or have existing health conditions. According to the research by the MRC Epidemiology Unit at the University of Cambridge, the results of which are published in The BMJ, by simply meeting and maintaining at least the …

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More And More Consumers Cancelling Vital Insurance Policies They Can No Longer Afford

In Family, Industry News, Protection by Tom Pullinger

Millions of policyholders across the UK are cancelling vital insurance policies because they can no longer afford them. It’s a reality that is leaving a significant proportion of people financially vulnerable if things were to go wrong. Indeed, the survey by finance provider Premium Credit found that 38% of people have cancelled at least one insurance policy in the past …

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Private Healthcare As A Benefit Promoted By Three In 10 Job Descriptions Targeting Millennials

In Business, Employee Benefits, Industry News by Tom Pullinger

A significant proportion of job descriptions aimed at younger individuals advertise private healthcare as a perk, new research has found. The research, which was conducted by employee experience organisation Perkbox and talent matching platform TalentPool, found almost three in 10 (28%) job descriptions aimed at Millennials and people belonging to Generation Z, promote private healthcare as an employee benefit. It’s …

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How Advisers Can Get The Importance Of Income Protection Across To Younger Clients

In Individual, Industry News, Protection by Tom Pullinger

Most independent financial advisers (IFAs) say that younger consumers are not securing protection until it’s too late. It’s a reality that’s not only worrying because younger consumers are running the risk of not being protected should they become unable to work due to an injury or illness, but also slightly odd! It’s slightly odd because in another recent post, we …

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Two Employee Benefits That Won’t Break The Bank

In Business, Employee Benefits by Tom Pullinger

Some organisations are deterred from offering employee benefits because the implementation costs seem high and it is difficult for them to see how they will get a return on their investment. However, the reality is that offering employee benefits affords a number of advantages for both employers and employees alike, many of which are enough to offset the associated costs. …

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The Real & Simple Benefits Of Dry January

In Family, Individual by Tom Pullinger

According to the British Liver Trust, an estimated 4.2 million Brits will give up alcohol for Dry January 2019. That’s the equivalent of about one in 10 people who drink, testimony to just how popular the New Year phenomenon has become. Run by the charity Alcohol Change UK, Dry January provides the perfect opportunity for many drinkers to feel healthier, …