WPA has reported rising interest from mid-market companies in alternatives to fully insured private medical schemes as awareness of the Insurance Premium Tax (IPT) increase takes hold.
The health insurer said such employers were moving away from fully insured schemes to solutions that would mitigate IPT. In January, the latest LaingBuisson report identified a rise in corporate healthcare trust participation. In November, Chancellor Phillip Hammond announced an increase in IPT to 12% would come into affect in June, the third rise in less than two years. Rachel Riley, commercial director, WPA said: "In the past we've paid attention to the larger groups who would have considered...
Bill broadened to include insurable interest in cohabitants, group schemes and trusts
Thursday 4th October at The Hilton London Bankside
Early conversations about end-of-life care are crucial to ensure individuals living longer can make their own decisions, however right-to-die approaches vary all over the world
Group life, critical illness and income protection business bought from Munich Re