Group life

Over the last couple of years the group life assurance sector has struggled to gain any headway in terms of sales. As expected, the impact of global political factors such as the 2001 terrorist attacks on the US certainly took their toll, and coupled with changes in pension provision and the advent of a new regulatory regime in the UK, it is clear to see why the sector has struggled. In contrast to sales in other areas of the protection market, group life has failed to make any remarkable progress. Sales have increased by a fraction of a margin and the market seems to be undergoing someth...