Press release 27 October 2017.
“GRiD welcomes the findings and recommendations of the Stevenson/Farmer review, particularly in terms of the role employers can play in creating "good work" and achieving the vision that the UK should be one of the leading nations for mental health awareness and support. The costs to employers, Government and the economy outlined in the review are immense and these alone should be sufficient drivers for change.
“There are specific recommendations in the review aimed at insurers and industry groups and we will be considering with our members how to take these forward. The group risk industry can and does help employers to support the mental health of their workforce and we have long recognised the positive impact of early interventions. We would encourage effective utilisation of the varied support services made available to employers alongside group risk core products (employer-sponsored life assurance, income protection and critical illness), many of which are aimed at supporting mental health and helping people with mental health conditions stay in or get back to work.
“We would also call on Government not to look at the Stevenson Farmer review in isolation and to keep up the momentum from the DWP/DH Joint Policy Unit's Work, Health and Disability: Improving Lives Green Paper, which recognised the role that group income protection can play in improving outcomes for employees unable to work through illness or injury and reducing the employment disability gap.” Katharine Moxham, spokesperson for GRiD.
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For further information please contact:
SMUK Marketing and PR
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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