View more on these topics

Companies unaware of cost of group income protection

Most companies recognise the benefits of income protection yet still do not buy it, according to research by Norwich Union Healthcare.

The research shows 70 per cent of companies see how group income protection can facilitate staff recruitment and retention, but think they don&#39t need it or it&#39s too expensive, while 59 per cent of firms had no idea how much income protection would cost.

Norwich Union Healthcare product marketing manager Nick Homer says: “Income protection helps relieve employers from the burden of covering sick pay. This frees up money to fund absence cover so that other employees don&#39t have to take the strain of their absent colleague&#39s workload, and possibly risk going off sick with stress themselves.”


ScotEq Intl adds base in Dublin

Scottish Equitable International is setting up a Dublin-based offshorecompany to operate alongside its existing Luxemburg operation. The first product to be issued from Dublin is likely to be a with-profitsbond, details of which will be announced later this year. ScotEq International actuarial director Stephen Bishop has been appointedgeneral manager of the Dublin operation. The office […]

&#39Sub-prime&#39 branded an offensive term

Self-employed mortgage borrowers should not be branded as sub-prime customers because the term is offensive, claims a service for self-employed professionals.Alodis, which has 45,000 members, claims lenders routinely categorise the self-employed with “criminals and bad debtors” although they often represent a better lending risk.It says the self-employed should be called non-conforming borrowers and not be […]

Investment Analysis

The boost given to global markets by the Federal Reserve cutting interest rates by a further 50 basis points two weeks ago failed to have the momentum to continue into last week, as investors took in further bad news on the US economy. Global markets were mixed, with the Dow losing some of its gains […]

L&G drives stakeholder through heart of group market

LEGAL & GENERAL GROUP STAKEHOLDER PENSION Type: Group stakeholder pension. Minimum premium: £20. Minimum group size: 1. Minimum-maximum ages: From birth-75. Fund links: Consensus fund, European equity index fund, Japanese equity index fund, UK equity index fund, US equity index fund, global equity index fund, global equity fixed weights index fund, cash fund, distribution fund, […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment