L&G increases group IP cover benefits

L&G has also removed the 35% of scheme earnings (up to a maximum of £50,000) restriction on pension contribution cover and replaced it with a maximum of £75,000. Glenn Laming, sales director for group protection said: "As a major player in the Group Income Protection market, we are constantly reviewing our proposition to ensure it's meeting the needs of businesses today. We have seen a demand for higher benefit levels and so we've responded." L&G now manages to get two out of three people suffering from stress back to work within 12 months of starting to claim for benefit. Much of th...