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Canada Life launches new absence management programme

Canada Life is launching a new Absence Management Programme following the knowledge that absenteeism costs UK businesses around £12.2bn a year.

The scheme, offered as an extension of the group income protection scheme already held with Canada Life or to new business clients as an optional element of a new group IP scheme.

It is designed to allow companies to monitor and manage employee absence through a combination of organisational support and early intervention.

Canada Life believes the programme will help employers to lower rates of sickness absence and litigation risks and can be adapted to work alongside a firm’s existing health management process.

Canada Life group insurance division managing director Ian McMullan says: “Many organisations struggle to keep track of employee absenteeism and to take the correct action when a problem is finally identified and we believe our AMP will help organisations deal effectively with this problem.”


Advisers hoping for fewer claims as endowment letters turn green

Advisers hope that a rise in the proportion of green endowment mortgage letters sent out to consumers will signal a fall in claims against them. Prudential says 51 per cent of letters sent out in 2005 were green, indicating that the fund is on target to pay off the loan at the end of the […]

Marriage made in haven as new civil partners seek tax advice

IFAs who have long embraced the tax advantages of offshore vehicles could be joined by a more general inflow of advisers this year, particularly as inheritance tax becomes a problem for great swathes of the population following the growth in house prices. The advent of civil partnerships will also ensure that this is fertile ground […]

Sales of the century as confidence comes back

The coming year looks like being the strongest for inv- estment sales so far this century, with fund managers set to benefit from rising investor confidence and an unexpected injection of Sipp money. Last year saw double-digit global equity performance rebuild investor confidence and fund launches are being lined up for 2006. The first major […]


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