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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 …

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Majority Of Self-Employed Individuals Are Under-Protected

In Business, Industry News, Protection by Paul Connolly

We recently informed you about how most independent financial advisers (IFAs) believe that younger consumers are not securing protection until it’s too late. The aforementioned article outlines that there is a huge opportunity to grow the protection market among young consumers, however, many believe Income Protection is too expensive – despite the fact it can often be taken advantage of …

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Younger Consumers Not Securing Protection Until It’s Too Late

In Individual, Industry News, Protection by Paul Connolly

Most independent financial advisers (IFAs) believe that younger individuals are not thinking about protecting their finances until later in their lives when it’s often too late. That is one of the key findings of a new report from one of the UK’s largest insurers. According to research from Royal London, three quarters (74%) of IFAs think that younger consumers should …

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Pregnant Women To Get Better Workplace Protection Under New Government Plans

In Business, Employee Benefits, Industry News, Protection by Tom McGuinness

The UK government has set out new proposals designed to protect pregnant women and new parents returning to work following the birth of a child against unfairly losing their jobs. The new proposals have been created to combat workplace discrimination and provide better protection to women who return to work after maternity leave. Legal Protection For 6 Months According to …

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Are You Proactively Supporting The Mental Health Of Your Staff?

In Business, Employee Benefits, Industry News, Protection by Claire Ginnelly

Despite the fact that the vast majority of employees consider psychological safety in the workplace important, only a small proportion of organisations are taking proactive steps to support the mental health of their staff. That’s one of the key takeaways to emerge from new research by a leading learning organisation. According to the survey of 1,000 leaders, managers and employees …

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People With Diabetes Up To 4x More Likely To Die Of Heart Failure

In Family, Individual, Industry News, Protection by Paul Connolly

As If Living With Diabetes Wasn’t Difficult Enough: Study Finds Patients Significantly More At Risk Of Heart Failure. Living with type 1 diabetes is tough. Individuals with the complicated, serious, lifelong condition have to keep a close eye on their blood sugar levels and inject themselves with insulin because their bodies cannot produce the hormone naturally. Failure to stay on …