Press release 30 October 2024.
“Announcements relating to improving the health of the nation and “getting Britain working” have been coming thick and fast in the few days prior to today’s Autumn Budget, including funding to kickstart two million extra NHS appointments, a work and welfare overhaul, and reforms to Statutory Sick Pay.
“Whilst government’s focus on getting people into or back into work is laudable, it’s also vital to examine and stop the flow of people from work into economic inactivity and to encourage more employers to provide long-term sick pay. This could be self-funded or via a group income protection policy, which would provide health and wellbeing support to prevent ill health, vocational rehabilitation and early interventions for those whose ill-health may result in them not being able to work long-term, and continued salary at a reduced level for those who become unable to work long-term through ill-health.
“Group risk providers give access to a huge array of additional health, wellbeing and support services embedded within the purchase – all designed to supplement and complement an employer’s health and wellbeing programme – and the industry is ready, willing and able to help support the Government’s aims of reducing the number of people who are economically inactive due to long-term sickness and improving the nation’s health and wellbeing.”
Katharine Moxham, Spokesperson, Group Risk Development (GRiD)
For further information please contact:
Sharon Mason
SMUK Marketing and PR
smason@smuk.org.uk
Mob: 07747 611773
Land: 01252 843350
Katharine Moxham
Spokesperson for GRiD
Katharine.moxham@grouprisk.org.uk
Mob: 07887 512508
Notes for editors
About GRiD
Group Risk Development (GRiD) is the industry body for the group risk sector, promoting the value to UK businesses of providing financial protection for their staff, enhancing their well-being and improving employee engagement. Our membership includes insurers, reinsurers, intermediaries and those operating in (or with other interests in) the UK group risk market. Together this forms a collective wealth of experience built over many years. Under the chairmanship of Colin Fitzgerald (Distribution Director – Group Protection, L&G Retail) 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
