View Post

Why the Importance of Group Income Protection Should Never Be Underestimated

In Business, Industry News, Protection by PCH Staff

Businesses can struggle if any of their employees are off work for an extended time with an illness or injury. That’s why the value of Group Income Protection should never be underestimated, both for employees and employers. Group Income Protection allows the right support to be available at the most important time, and ensures businesses have the appropriate facilities, expertise …

View Post

Tackling Mental Health Issues with Group Income Protection

In Business, Industry News, Protection by PCH Staff

Every year, one in four people in the UK will experience a mental health problem, while hundreds of thousands struggle on a longer term basis, according to the mental health charity Mind. Research released in January this year by Canada Life shows that 57% of UK employees have suffered from mental health problems while in employment. Similarly, recent research conducted …

View Post

Employers Need to Focus on Wellbeing of Junior Staff, finds Survey

In Business, Industry News, Protection by PCH Staff

While companies should be paying attention to the health and wellbeing of all their employees, it seems that junior staff could be the people who need the most support from their employers, according to a new survey by OfficeGenie.co.uk. The research found that 24% of junior staff feel negative about work at the start of the day and 22% feel …

View Post

Majority of Employers Overestimate Cost of Group Protection

In Business, Industry News, Protection by PCH Staff

Organisations significantly overestimate the cost of group risk financial protection plans for their employees, meaning thousands of UK workers may be left without appropriate cover, according to research by trade body Group Risk Development (GRiD). GRiD said that offering Group Life Assurance to an entire workforce often costs less than 0.5% of payroll. However, 70% of employers believe that it …

View Post

Protection Gap Leaves 4.3M Self-Employed Workers Exposed

In Individual, Industry News, Protection by PCH Staff

More than 4.3 million self-employed workers in the UK do not have plans in place to cover loss of earnings if they were suddenly unable to work, despite their families disproportionately relying on their income to survive. That’s the key finding to come out of new research by Scottish Widows. Worryingly, just 7% of self-employed individuals in the UK have …

View Post

Need for Income Protection Underestimated by 90% of Employees

In Industry News, Protection by PCH Staff

New research suggests that a staggering 90% of UK employees underestimate their chances of finding themselves unable to work due to illness or serious injury. As a result, they are overlooking the need for income protection. According to the research by Canada Life Group Insurance, when asked about the number of people who are forced to take more than four …

View Post

NHS Waiting Times ‘Biggest Healthcare Concern’ for British Public

In Industry News, Protection by PCH Staff

Nearly half (46%) of the British public are worried about NHS waiting times in England and believe that they are the biggest healthcare concern in the country right now. That’s one of the stark findings of some new research conducted on behalf of private hospital group BMI Healthcare. According to the research, over two-thirds of the public (68%) would consider …

View Post

GRiD Urges Employers to ‘Make the Most’ of Group Protection

In Business, Industry News, Protection by PCH Staff

Employer-sponsored life assurance, income protection and critical illness cover are some of the most highly-valued and cost effective benefits a company can offer its employees. However, many employers are not making the most of them, according to research by trade body Group Risk Development (GRiD). GRiD has highlighted five key signs that employers could be missing out: 1. Employers think …

View Post

Study Shows Brits Are Failing to Proactively Prevent Serious Illnesses

In Industry News, Protection by PCH Staff

Despite having had direct experience of a serious illness through a relative or friend, the majority of British adults are not taking the necessary steps to reduce their risk of developing one. That’s the stark message to come out of some new research by Royal London, which found that a lack of knowledge across the country is putting people in …

View Post

Future Pensioners Face Different Reality to Their Parents

In Family, Protection by PCH Staff

The retirement experiences facing many generations of future retirees will be drastically different from those of their parents, according to a recent report entitled ‘The Death of Retirement’ by Royal London, the UK’s largest mutual life insurance and pensions company. Under older-style final salary pension schemes the average contribution was around 20% of a person’s total wages. However, under the …

View Post

Group Income Protection Sales Surged in 2015, says Unum

In Business, Industry News, Protection by PCH Staff

In 2015, the number of companies who bought group income protection insurance for their employees was more than 300, which is an increase of 20 per cent over the previous year, according to new research from Unum. Unum says that the group income protection market is continuing to grow, with 300,000 more employees covered by the end of 2014 than …