Taking out extra credit has become an increasingly common way to cover the cost of Christmas, but with 4 million people still paying off the cost of Christmas 2012 in November 2013,*** it appears many people are being left with long-term debt – debt that they would struggle to cover should they lose their income unexpectedly due to an illness or injury that forced them onto state sickness pay, which currently stands at just £86.70 per week.^ Leading insurer, PG […]

With over 300,000 employees moving from work to state sickness benefits, and many employers looking to reduce sick pay within the next year, leading not-for-profit insurer PG Mutual warns UK professionals not to ignore the importance of income protection The cost of sick pay to UK businesses has been widely reported on since the start of the recession, with the bill for long-term sickness leave within the private sector estimated at around £3.1bn per year in 2012.* With this in […]

Income protection insurance is frequently in the news these days, often against a background of reduced state or employer benefits when UK workers are ill or have an accident. More of us understand that there is very little in the shape of a state-funded safety net, and that the government now expects individuals to take responsibility for their own financial wellbeing. This raised public awareness is shown by PG Mutual’s figures for the first quarter of 2012, with the number […]

The Financial Services sector seems to be mired in scandal these days, from the miss-selling of PPI to excessive ‘fat cat’ bonuses for City bosses. At a time when the public is questioning who they can trust to look after their financial interests, PG Mutual has seen many people taking an alternative approach when selecting their financial services provider. The benefits of owning a share in your insurer or bank are becoming much better recognised, highlighted by the surge in […]

PG Mutual has announced a partnership with Medical Insurance Agency (MIA), a trading division of Skipton Financial Services (SFS), to offer its members access to whole of market financial advice through PG Mutual Financial Services. SFS is a wholly-owned subsidiary of Skipton Building Society and is a whole of market financial adviser, which means it is not tied to any provider and can recommend products from across the market place. Its particular specialisms include advising on investments, pensions and inheritance […]

For most people, Plan A is being able to maintain their lifestyle, have enough money to do the things they enjoy and to save for the future. For the majority, this is funded through earning a salary; however, surveys suggest that 9 out of 10 UK workers do not have any income protection cover in place* to provide them with an alternative income if they could not work due to illness or injury. With state sickness benefit only worth around […]