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Zurich Corporate Risk – Group Income protection

Zurich Corporate Risk

Group Income protection

Type: Group income protection

Minimum group size: Five

Minimum premium/minimum benefit: £750 a year/no minimum

Minimum-maximum ages: 16-69

Maximum benefit: Gross pay policies – 75% of salary with deduction for State Employment and Support Allowance or 80% of salary, including employee pension contribution, without ESA benefit subject to £300,000 a year maximum, integrated policies up to 80% of salary subject to £300,000 a year maximum

Options: Gross pay or integrated policy, limited benefit term options of two, three, four or five years, lump sum benefit option of up to four times salary subject to £1.6m maximum, escalating cover, extended cover after terminating age

Definitions of incapacity: Own occupation, suited occupation, benchmark or a combination of definitions

Deferred periods: 8, 13, 26, 28, 41 or 52 weeks, minimum 28 weeks for integrated policies

Commission: Initial 12% but negotiation possible

Tel: 0800 141 2002


Schroder Income Maximiser switches sectors

Schroders has moved its Income Maximiser fund into the UK Equity Income sector to compete with similar vehicles recently launched by other groups. The fund was placed in the Specialist sector when it launched in 2005 because it was the only vehicle of its kind and to make sure investors were comfortable with the style […]

BlackRock to run Eastern European Trust

The board of the Eastern European Trust (TEET) has handed the £86.4m mandate to BlackRock, after removing Pictet as the manager last year following a period of underperformance. Agne Zitkute, a fund manager at Pictet, ran the investment trust between March 2004 and May 2008. The mandate was then handed to Peter Jarvis, a TEET […]

Contributory factors

Other firms look set to follow Aon’s lead in cutting contributions into its pension scheme.


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