View Post

Macmillan: Cancer Patients Face Homelessness Over Allowance Cuts

In Family, Industry News, Protection by PCH Staff

A leading UK cancer charity has warned that cancer patients could be at risk of becoming homeless if proposed government cuts to Employment and Support Allowance (ESA) go ahead. According to research commissioned by Macmillan Cancer Support and conducted by Truth Consulting, 10% of people living with cancer in the UK would be unable, or would struggle, to pay their …

View Post

Protection Needs Change as We All Live Longer

In Industry News, Protection by PCH Staff

The whole of life (WOL) insurance market, according to Cigna Insurance Services, is estimated to be worth around £108m a year, with the total market value more or less split equally between the two historic types of WOL policy: over-50s guaranteed acceptance plans and fully underwritten products. But even though they share a marketplace, these products are vastly different; so …

View Post

Britons Chronically Unprepared for Long-Term Sickness Absence from Work

In Family, Industry News, Protection by PCH Staff

Almost as many UK employees believe that they are as likely to win the lottery as they are to be struck off work because of sickness for 12 weeks or more. That’s the startling key message to come out of a recent survey for income protection provider Cirencester Friendly. With revelations like this, is it any wonder that a worryingly …

View Post

How Much Is Long Term Absence Costing Your Company?

In Business, Industry News, Protection by PCH Staff

Long-term sickness absence, which is classified as a period of absence of six months or more, costs private sector businesses in the UK a whopping £4.17 billion a year, according to a new report from the Centre for Economics and Business Research (Cebr). For a typical business with more than 500 employees, the cost of long-term sickness absence per year …

View Post

Is the Government’s Fit for Work Service Fit for Work?

In Industry News, Protection by PCH Staff

In July this year, the UK government’s Fit for Work (FfW) service completed its nationwide rollout after going live across England (it had previously been rolled out in Scotland and Wales). The service allows GPs and employers to refer employees who have been off work for four weeks or more for an occupational health assessment. It’s a service that’s designed …

View Post

Think Insurance Companies Never Pay Out? Think Again…

In In The Press, Industry News, Insurance, Protection by PCH Staff

There’s long been a myth attached to insurance companies that says they rarely pay out when people really need them. And it’s caused people to be sceptical about taking out insurance policies to say the least. Couple this myth with the fact that many people assume that the state will provide for them if the family breadwinner can no longer …

View Post

Many Small Businesses Ignoring the Risks Associated with the Loss of a Key Person

In Business, In The Press, Industry News, Protection by PCH Staff

Small businesses owners today often find themselves consumed with the day-to-day running of their firms and find very little time to sit back and take stock of other important considerations. And while this kind of focus ultimately makes for a more successful business and happier customers, it also means that they sometimes forget to think about the ‘what ifs’. According …

View Post

Who is Responsible for Your Social Care?

In Family, In The Press, Industry News, Protection by PCH Staff

With the excellent healthcare facilities available across Europe and the advancements in medical technology that are occurring all the time, people are, in general, living a lot longer which highlights the protection gap. By 2037, the number of people in the UK over 75 is expected to double. The UK Commission for Employment and Skills (UKCES) also says that companies …

View Post

Continued NHS Budget Cuts Puts the Need for PMI Firmly In the Spotlight

In Industry News, Protection by PCH Staff

Despite the Chancellor of the Exchequer, George Osborne, announcing £8 billion worth of additional funding for the NHS by 2020, the health service must still make £22 billion in efficiency savings over the same period if it is to close the £30 billion funding gap that has appeared. It’s a situation that might provide some rationale for the healthcare restrictions …

View Post

Protecting Your Income Is Much Safer than Just Relying on Your Savings

In Family, Industry News, Protection by PCH Staff

The latest Family Finance Report from Aviva reveals that while family incomes and savings pots are generally rising across the UK, a widening gap is appearing between the ‘haves’ and ‘have nots’. According to the report, typical family incomes over the last six months have reached their highest point since March 2012. Furthermore, better attitudes and saving habits mean that …

View Post

Parents Risk Financial Security by Overlooking Protection

In Family, In The Press, Insurance, Protection by PCH Staff

According to recently released research, 40% of parents with children under the age of 18 do not have any form of life insurance, or critical illness in place. The research from Sainsbury’s Bank Life Insurance, (provided by Legal & General), further highlights the worrying protection gap that is emerging for families in the UK. If one parent can no longer …

View Post

Don’t Underestimate Your Value When It Comes to Household Tasks

In Family, Industry News, Protection by PCH Staff

A new report has estimated that a father’s contribution to household tasks is a whopping £21,601 per year. However, despite this reality, less than a third (28%) of parents have suitable critical illness insurance in place. The financial implications of a parent becoming ill and unable to work as a result are often highlighted. But what about the impact a …