Welfare reform

The protection industry must be ready for the demands made on it because of welfare changes Gary Shaughnessy, CEO UK Life at Zurich has warned.

The Department for Work & Pensions (DWP) must use lessons from its recent welfare reforms to improve how it handles change, the National Audit Office (NAO) has said in a report.

The Queen's Speech setting out the Conservative government's plans for its first year of government has included changes to welfare and NHS reform.

Steve Webb remains "open minded but sceptical" about private income protection insurers becoming involved in the state welfare system.

Legal & General (L&G) has responded to the call from the ABI for protection to have a greater role in reducing the state's welfare burden.

A proposal for a compulsory unemployment insurance scheme, run by the private sector, has been put forward by a think-tank.