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Guide to DC Pensions 2023

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Virtual GP, group risk, health and wellbeing

The UK group risk industry paid out a record £2.49 billion in claims in 2023, representing an increase of £278.4 million from 2022, according to data from industry body Group Risk Development (Grid). Industry payments for benefits including employer-funded life assurance, income protection and critical illness benefits were equal to...

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Overseas, employees, air travel, plane

Employers with overseas staff risk invalidated work visas as 83 percent of employers give people a cash lump sum to choose their own benefits, Towergate Health and Protection has warned. Research from the health and wellbeing broker found that more than four fifths of employers with overseas staff offer benefits...

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