All Group risk articles – Page 8
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Article68% see increase in stress and mental health-related illnesses in the workplace
More than two-thirds (68%) of employer respondents have seen an increase in instances of stress and mental health-related illnesses in the workplace, according to research by Aon.Its Benefits and trends survey: January 2018, which surveyed 200 UK employers, also found that 41% of respondents are unaware of the implications of ...
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ArticleEXCLUSIVE: 21% of employers view group risk benefits as a selling point
EXCLUSIVE: More than one-fifth (21%) of employer respondents view group risk benefits as a selling point during recruitment interviews and employee reviews, according to research by Group Risk Development (Grid).Its survey of 500 HR decision makers in 500 UK organisations, also found that 26% of respondents make a point of ...
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Article36% say workplace pensions are the most valuable employee benefit
Just over a third (36%) of employer respondents say that workplace pensions are the most valued employee benefit, according to research by Hargreaves Lansdown.Its Workplace benefits: the employer view report, which surveyed 349 UK employers, also found that 15% who rank private medical insurance as the most valuable, while 12% ...
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Article43% want flexible working as part of their benefits package
More than two-fifths (43%) of employee respondents want access to flexible working arrangements as part of their employee benefits package, according to research by Hibob.Its Part two: powerful perks: what people really want report, which surveyed 501 UK employers and 4,001 UK employees, also found that 41% of employee respondents ...
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ArticleEmployers tax relief for life assurance and overseas pensions to be modernised
Autumn Budget 2107: The government has announced that tax relief for employer premiums paid into life assurance schemes or certain overseas pension schemes will be modernised.The changes, coming into effect from April 2019, will cover policies when an employee nominates an individual or registered charity to be their beneficiary.
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AnalysisGroup risk in numbers
Facts and figures relating to group risk.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
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OpinionKatharine Moxham: Group risk providers go above and beyond claim payments
We all expect insurance policies to pay out when we need them and group income protection is no exception, but that is not all it does.Group risk benefits are mostly associated with catastrophic life events, such as illness, accidents, disability and death, but they can, and do, provide everyday help ...
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ArticleChris Morgan: The value of engaging employees in financial protection
The importance of communicating benefits effectively to employees is a long-established and core pillar of any reward strategy. Why invest heavily in providing great benefits if you do not tell your employees about them and, more importantly, how they can get the most from the benefits they have?Research conducted by ...
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AnalysisHow to ensure group risk policies comply with state pension age increases
Need to knowEmployers that fail to use the exemption available for group risk benefits allowing cover to cease at the greater of age 65 or the state pension age could find themselves having to fund cover beyond this, or face legal action.Amending a group risk policy is easy, with the ...
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AnalysisInfographic: At what age do group risk benefits terminate?
Three infographics showing the age at which group risk policies terminate their benefits.!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");!function(e,t,s,i){var n="InfogramEmbeds",o=e.getElementsByTagName("script"),d=o[0],r=/^http:/.test(e.location)?"http:":"https:";if(/^\/{2}/.test(i)&&(i=r+i),window[n]&&window[n].initialized)window[n].process&&window[n].process();else if(!e.getElementById(s)){var a=e.createElement("script");a.async=1,a.id=s,a.src=i,d.parentNode.insertBefore(a,d)}}(document,0,"infogram-async","https://e.infogram.com/js/dist/embed-loader-min.js");
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Case StudiesBNP Paribas allows employees to customise group risk provision
Financial services organisation BNP Paribas offers its employees a comprehensive array of group risk products.All the bank’s UK staff get life insurance and the vast majority (80%) receive group income protection, with the exact terms of the cover varying, depending on their preferences and which of the 12 BNP Paribas ...
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OpinionMark Swain: Tips for engaging younger workers with their health and wellbeing
Early-career professionals seem to have a growing mistrust of the 'big bad corporate', and anything that commits them to something over the long term. Maybe that’s symptomatic of younger people making only short-term commitments, and having many more jobs and projects over their working lifetime. And this transience is compounded ...
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AnalysisHow to engage young employees with group risk benefits
Need to knowDifferent types of group risk protection becomes important at different life stages.Therefore, a one-size-fits all approach to engaging employees with group risk benefits is unlikely to be successful.Employers should speak with young employees to find out which group risk benefits they would find valuable.Young people often feel they ...
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ArticleDebbie Lovewell-Tuck: Maximise the value of group risk benefits
As our Group Risk Week, in association with Ellipse, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.Group risk benefits will rarely be perceived as the most glamorous or fun element of a benefits package. ...
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OpinionSally Wilson: Simple nudges can encourage employees to look after their own health and wellbeing
There are several relatively simple steps employers can take to address wellbeing at work with the potential to reduce claims related to ill health.For musculoskeletal (MSK) health, getting the basics right is essential and display screen equipment (DSE) assessment is an important example of this. Flexible working requires a re-think ...
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Case StudiesOracle proactively supports its employees’ wellbeing with line manager support service
Technology organisation Oracle offers group income protection as a core employee benefit. In 2016, it introduced a dedicated service, branded Swift and provided by Unum, which enables line managers to support the wellbeing of employees.Michelle Bradshaw, compensation and benefits director, explains: “Line managers are often the first point of contact ...
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AnalysisThe impact of early intervention services on group income protection claims
Need to knowWorkplace health and wellbeing strategies that incorporate early intervention services can improve employee health and reduce absence costs.Providing access to fast and confidential advice, support and treatment services at the earliest stage of a health problem reduces both the likelihood of a long-term absence from work, and the ...
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Article60% of critical illness claims in 2016 were for cancer
Under two-thirds (60%) of overall critical illness claims made in 2016 were for cancer, according to research by Aegon UK.Its analysis of critical illness claims received by Aegon UK in 2016 also found that 31% of cancer-related critical illness claims in 2016 were for breast cancer, compared to 31% in ...
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Article38% plan to increase their employee benefits offering in 2017
More than a third (38%) of employer respondents plan to increase the number of options in their employee benefits package in 2017, according to research by Mattioli Woods.Its 2017 Employee benefits insight report, which surveyed 300 employers and gathered data from 2,692 UK organisations, also found that 21% of respondents ...
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AnalysisTop tips to control the costs of group risk benefits
Need to know:Providing group risk benefits through a flexible benefits scheme enables employers to set a base level of cover at a fixed cost, which helps to manage expenditure.Larger employers can consolidate multiple group risk policies in order to use their scale to generate a more competitive price from providers.The ...
