A Government Green Paper proposing finding employment for those out of work for more than two years has highlighted the need for income protection (IP), AXA says.
Stuart Lawson, AXA protection marketing manager, says the plans, which would be introduced in 2012, could see people in jobs payed less than their previous roles. Lawson says there will inevitably be people who will be unable to cope on a smaller wage given their lifestyle and pinpoints IP as a solution. Under the new proposals, incapacity benefit claimants will undergo medical tests to determine whether they can work and will receive a new allowance. The ultimate goal is to hit a record 80% employment rate in the UK. “The Government is saying: ‘If people are off work, how can we get the...
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