Press release 19 April 2017
Commenting on the Parliament debate held yesterday (18 April 2017) on the role of Group Income Protection (GIP) to improve lives, Katharine Moxham, spokesperson for GRiD said:
‘We are very pleased that Group Income Protection has been identified by Government as having a greater role to play in the delivery of the goals outlined in the Work, Health and Disability: Improving Lives green paper, and has been so positively debated in Parliament. We are keen to work closely with Government on extending the reach of Group Income Protection so that more people have access to this valuable benefit through their workplace. Representing the group risk industry, we are perfectly positioned to provide technical input, develop material and provide clarity on how best to encourage employers to offer income protection to their staff.
‘There is a wealth of support that can be made available through Group Income Protection to give people with long-term health conditions and disabilities the opportunity to work and to stay in work. This support also helps to get people back to work after a period of sickness absence, and reduces the cost for employers of long-term sickness absence. Not only that, but support is also available to help with preventing absence and encouraging better health behaviours. For the employee it can provide help with managing health conditions, and their families and dependants are better supported. Overall, of course, it also reduces the burden on the State.
‘Employers that already offer Group Income Protection will be aware of the multi-facetted nature of the support available alongside financial protection and we would very much welcome any Government-backed initiatives that extend its reach.’
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For more information on the debate:
For more information on Work, Health and Disability: Improving Lives green paper:
For further information please contact:
SMUK Marketing and PR
Mob: 07747 611773
Land: 01252 843350
Spokesperson for GRiD
Mob: 07887 512508
Notes for editors
Group Risk Development (GRiD) is the industry body for the group risk protection sector, promoting the value to UK businesses of providing financial protection for their staff, enhancing their wellbeing and improving employee engagement. Our membership includes insurers, reinsurers and intermediaries who have a collective wealth of experience built over years of operating in the group risk protection market. Under the chairmanship of Lee Lovett, CEO of Ellipse, GRiD aims to promote group risk through a collective voice to Government, policymakers, stakeholders and employers.
GRiD works with government departments and regulators involved in legislation and regulation affecting group risk benefits, and with other organisations involved in the benefits and financial protection arenas. GRiD also seeks to enhance the industry's standing by encouraging best practice and by participating in industry-wide initiatives such as the professional qualification in group risk managed jointly with the Chartered Insurance Institute.
GRiD’s media activity aims to generate a wider awareness and understanding of group risk products and their benefits for employers and employees.
GRiD's dedicated spokesperson, Katharine Moxham, provides expert media comment on a full range of group risk issues.
Follow Katharine Moxham on Twitter @KMoxham