As one of the first legal businesses to sign the Centre for Ageing Better's Age-friendly Employer Pledge, the firm is pleased to announce it is now extending income protection for colleagues to aged 70.
Partner Co-Champion of the firm's Age Network, Danielle Kingdon worked closely with the firm's Head of Reward, Sarah Underhill and colleagues in the age network to increase the core benefit from 65 to 70 for all employees in the firm's UK business from 1st April 2023.
"Income protection is often considered an important part of good financial planning, ensuring people's future well-being is protected if illness or injury prevents them from working for an extended period, said Sarah.
"Having a plan in place to ensure you're covered gives some peace of mind if you're faced with a difficult health situation."
Danielle added, "Unfortunately Covid has made us all very aware that the unexpected can happen at any time to anyone. Having a plan in place to ensure you're covered gives some peace of mind if you're faced with a difficult health situation."
Income protection is a core benefit that the firm provides at no cost to all its employees. Colleagues qualify for membership provided that they are aged 16 or older, but have not reached the age of 70.
The firm also generously offers a number of funded core benefits for all UK colleagues including, enhanced pension contributions, life assurance, Virtual GP as well as private medical insurance and critical illness that are both treated as a taxable benefit. This is in addition to a number of flexible family-friendly, lifestyle and health and wellbeing benefits that people can personalise to suit their lives and needs.
Being a responsible and ethical business and employer underpins Osborne Clarke's business strategy. The Osborne Clarke For Good framework is the firm's way of ensuing it is a good corporate citizen, a good employer and a good business.