Group Income Replacement Protection helps employers to safeguard the well being of their staff by providing a replacement income for their staff during any long-term absences from work through illness or injury.

With the Confederation of British Industry estimating a cost for sickness and absence in UK businesses in the region of £13.4 billion, there is a need to guide individual employers through the maze of plans out there and to find the one suited best to their budget, which will facilitate income payments for these employees during long spells of incapacity.

The result is peace of mind for both the employer and employee.

Frequently Asked Questions

The concept of a Workplace Pension Scheme was introduced by the Pensions Act 2008.  All employers in the UK are required to establish a Workplace Pension Scheme on their Staging Date.  On you Staging Date and each subsequent Pay Period you must carry out an Assessment of your employees.  The employer must deduct a contribution from the earnings of all their Eligible Employees and pay this to the scheme along with an employer contribution.   A process called Automatic enrolment.

Hi Iain, I cannot thank you enough for the advice, support and service you have provided to me throughout this process which has been outstanding from start to finish. You have made the entire process easy and hassle free and have negotiated an enhanced annuity for my father. I cannot thank you enough and will recommend you wholeheartedly to every single person I know that ever needs pension advice or indeed financial advice of any kind. Best regards David
David StranaghanRelationship Manager, Third Party OperationsTesco Bank