A total of over £1.6bn was paid out by the group risk industry during 2017, a £120.5m increase on 2016, latest data from Group Risk Development (GRiD) shows.
The industry group said its latest claims survey found that, during 2017, 4,944 people were helped back to work after a period of sick leave through the use of group risk policies and 7,879 people were...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.