Unum 2006 Annual Report Download - page 11

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group life arrangements. Additionally, new
government rules regarding age
equality were introduced, extending
the normal retirement age to 65.
Unum UK capitalized on this opportunity
to work with advisers to assist their clients
in complying with the new rules, in the
process creating the potential for new
growth opportunities.
LOOKING AHEAD
For 2007 and beyond, Unum UK’s
strategic focus will be on increasing
market awareness and demand for
income protection products across
the workforce.
IN 2006, UNUM UK WAS
NAMED THE BEST INCOME
PROTECTION PROVIDER AT THE
HEALTH INSURANCE AWARDS,
THE NINTH CONSECUTIVE YEAR
THE COMPANY RECEIVED THE
AWARD. IN ADDITION TO
BEING FOCUSED ON THEIR
CUSTOMERS, UNUM UK
EMPLOYEES RECOGNIZE THE
ROLE THEY PLAY IN IMPROVING
THE QUALITY OF LIFE IN THEIR
COMMUNITIES. LAST YEAR
THE COMPANY CONTRIBUTED
MORE THAN $1.3 MILLION
IN CHARITABLE DONATIONS
AND SOCIAL SPONSORSHIPS,
INCLUDING EMPLOYEE
PARTICIPATION IN A RELAY
RACE FOR SEEABILITY, A
CHARITY THAT WORKS TO
IMPROVE THE LIVES OF
PEOPLE WITH VISUAL AND
OTHER DISABILITIES.
“ IN THE PAST, ONLY THE MOST PROGRESSIVE EMPLOYERS IN THE UK HAVE
REALIZED THE VALUE OF INCOME PROTECTION. AIDED BY RECENT
LEGISLATIVE CHANGES AFFECTING EMPLOYEE BENEFITS, UNUM UK IS
POISED TO CAPITALIZE ON THE EVOLVING ENVIRONMENT WITH INNOVATIVE
PRODUCTS THAT NOT ONLY RESPOND TO EMPLOYEES’ CHANGING NEEDS,
BUT STREAMLINE THE BENEFITS PROCESS FOR EMPLOYERS AS WELL.”
SUSAN RING | CHIEF EXECUTIVE OFFICER, UNUM UK
9
The UK income protection market continues
to undergo a period of transition and
consolidation. UK society is evolving from
one in which individuals relied almost
exclusively on state support and their
employer’s paternal approach to their
welfare to one that requires the individual
to take on greater responsibility for their
own and their family’s well-being.
As employers and the government
shift more responsibility for benefi ts to
employees, Unum UK is well prepared
to respond with benefi ts solutions that fi t
the changing nature of the workplace.