Mandatory schemes that include hardship support may be able to provide financial protection from economic distress caused by the Covid-19 (Coronavirus) pandemic, according to research from Zurich Insurance Group and the University of Oxford’s Smith School of Enterprise and the Environment.
The report, entitled Shaping a brighter future of work , has called for employers to consider mandatory provision of certain types of income protection insurance, such as coverage for disabilities and unemployment.
The research recommended auto-enrolment of employees in plans that offer basic income protection and participation in pension schemes . It claimed auto-enrolment could make a difference in helping […]
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