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Millions of workers would struggle to cope financially if they had to take time off because of illness or an accident, despite the rise in statutory sick pay (SSP).
Business advisory firm Deloitte has warned up to 5.5m people could fall into the financial advice gap after the implementation of the Retail Distribution Review (RDR).
Britain’s “squeezed middle ages” need a 32% hike in income if they are to feel financially secure.
Britons need to seriously review their finances and prioritise neglected protection, Bright Grey has urged.
Aviva has extended cover on its critical illness (CI) policies with benefits for additional conditions, ABI+ definitions and child cover.
Research carried out by insurer MetLife reveals that 41% of people have no financial safety net if illness or a serious accident forced them to stop work.
Workplace absenteeism has reached a record low, with people ‘too scared’ of losing their jobs to take time off when they are ill.
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