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UK Renters Under-Protected & Need To Consider Protection As Much As Home Owners

In Family, Individual, Protection by Paul Connolly

According to Office for National Statistics data, the number of households in the UK Private Rented Sector (PRS) has risen from 2.8 million in 2007 to 4.5 million in 2017 – an increase of 63%. Furthermore, it’s younger people who are more likely to rent, with the 25 to 34 years age group making up the largest proportion (35%). But …

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Employees At Larger Organisations More Likely To Have Long-Term Sickness Absence

In Business, Industry News, Protection by Stephen Ellis

Employees who work at larger organisations are significantly more likely to have a long-term sickness absence (an absence of four weeks or more) than those who work at smaller businesses, figures reveal. Furthermore, as people get older, their likelihood of having at least one bout of long-term sickness absence increases. According to government data, workers employed at larger organisations are …

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Brits Will Work Beyond Retirement To Protect Their Health

In Healthcare, Industry News, Protection by Tom McGuinness

We recently wrote about how nearly three-quarters of UK employees plan to work beyond 65. It’s a sobering reality that highlights how an estimated 23 million individuals are planning to work beyond their 65th birthday because they feel the need to. Now, a new global survey by Aegon not only supports the findings of the study referenced in our previous …

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People Increasingly Turning To Dr Google For Mental Health Help

In Employee Benefits, Mental Health, Protection by Paul Connolly

The number of online searches for mental health-related terms has risen dramatically over the past four years, new figures reveal. According to the analysis from RedArc, more and more people are turning to ‘Dr Google’ for help when they are suffering from poor mental health, a reality that highlights the important role search engines and online content play in supporting …

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A Quarter Of Young People Worry About Supporting Their Parents

In Healthcare, Industry News, Protection by Paul Connolly

Despite a significant proportion (62%) of millennials needing to rely on their parents to help them get on the property ladder, a quarter worry about supporting their ageing parents financially in the future, research has found. Bank of mum and dad becoming more generous According to Legal & General’s Bank Of Mum and Dad (BoMaD) research for 2019, family and …

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UK Renters Failing To Secure Suitable Financial Cover

In Family, Insurance, Protection by Stephen Ellis

People who rent a house are significantly less likely to have life insurance and critical illness cover than homeowners, a study has found. According to the research by Sainsbury’s Bank, only a quarter (26%) of tenants are likely to have a suitable life insurance or critical illness policy. This compares to almost half (41%) of homeowners. The ironic part is …

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The Role Of Group Risk & Employee Benefits In Funding Retirement Years

In Employee Benefits, Industry News, Protection by Stephen Ellis

The UK’s younger generations are three times more likely than older generations to use property investments to fund their retirement, new research suggests. According to the study by Canada Life, one in 10 (9%) individuals aged 16-54 years old expect to live off the wealth stored in their homes after they retire. That’s triple the number of people aged 55 …

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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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Understaffing One Of The Biggest Causes Of Workplace Stress

In Business, Individual, Industry News, Protection by Raina Dhillon

Understaffing is one of the major causes of workplace stress, a new study by a leading UK insurer has found. According to the poll of more than 1,000 workers by MetLife UK, over half (52%) of employees said that understaffing heightened their stress levels at work, while a similar proportion said underperforming team members added to the pressure and created …

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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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Millennials More Likely To Choose Income For Life Than Jackpot

In In The Press, Individual, Protection by Claire Ginnelly

If you were lucky enough to win the lottery, would you prefer to be given a regular monthly amount for the rest of your life or a one-off lump sum? Apparently, your answer will largely depend on which generation you belong to, according to new research. Ahead of the launch of the National Lottery’s new Set For Life game, Just …