When the HMRC consultation was launched on 10/08/16 with a closing date of 19/10/16, good and bad things emerged as a result of the industry's focus on this area of work, writes Paul Avis.
336 responses were made to the consultation and the outcome was that Excepted Group Life and Group Income Protection (GIP) were to be treated as P11d benefits in kind, and confirmation that Partners' Life Assurance and Group Critical Illness were maintained as P11d benefits. Could we have done better, specifically on GIP, and what does this tell us about the group risk industry? I have no idea what initial evidence gathering was undertaken by HMRC (it seemed to be employer and not industry-focused). ...
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.
The official supplement of this year's COVER Excellence Awards is available to read now as an eBook.
Child cover within critical illness plans has assumed a far greater importance in recent years, writes CIExpert's Alan Lakey.
Holloway Friendly has widened its new online underwriting process allowing protection advisers to write both full and short term income protection business in minutes.