Press release 30 October 2018
Commenting on the Chancellor’s budget, Katharine Moxham, spokesperson for GRiD said: "We welcome the commitment to improving NHS services for those both young and old, who need mental health support.
"The role of employers in supporting those dealing with mental ill health has been seen as crucial, and has recently been positively debated in Parliament. Income protection insurance through the workplace (group income protection) has been recognised as a product that works well for employers to enable them to provide a financial safety net and to help support people suffering from mental ill health.
"Mental health issues accounted for 24% of all group income protection claims last year - more than any other reason. As an industry, we know how vital early intervention is in supporting people through mental ill health and moving them towards recovery and back into work, so it's really positive to see that Government is taking steps towards better achieving this."
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SMUK Marketing and PR
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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 Steve Bridger (MD Group Protection, Corporate, Aviva UK Life), 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