• Home
  • COVID-19
  • Life
  • Critical illness
  • Income protection
  • Health
  • Employee benefits
  • Regulation
  • Diversity
  • Mental health
  • Events
  • Industry Voice
  • EBooks
  • Access to insurance
  • Newsletters
  • Sign in
  •  
    •  

      Personalise your on site experience.


      Download and use the apps.


      Access your subscription from outside of the office.


      Get relevant news and insight straight to your inbox.

      • Sign in
     
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
    • YouTube
    • Instagram
  • Register
  • Events
    • Upcoming events
      event logo
      Claims and Underwriting Innovation Forum 2021

      COVER Claims and Underwriting Innovation Forum will investigate the most innovative claims and underwriting practices driving the protection and health insurance market forward. It bears repeating; at the heart of every policy is a human being. As technologies advance and digital capabilities expand, it is crucial that the needs of the customer do not get lost along the way. A personal touch must remain at the centre of every interaction an individual has with an insurance company, either directly or through an intermediary. Hence, this journey is about evolution not revolution.28th April, Digital Conference

      • Date: 28 Apr 2021
      • Virtual Conference, Digital Conference
      event logo
      Access to Insurance Webinar: Write it, refer it… don’t ignore it

      Access to insurance has been one of the protection industry’s primary focus points since BIBA introduced the agreement to help make protection insurance more widely available in January last year. While much good work has been done to further the cause, there is still a long way to go before signposting can be considered as a common practise. This webinar, in partnership with Royal London and featuring a cross-section of expert speakers, will examine some of the key elements of protection insurance signposting, including the role of communication between insurers and intermediaries, how industry participants can access the right information to signpost effectively, and the growing recognition of mental health challenges for access to insurance.

      • Date: 05 May 2021
      event logo
      Health Insurance Live 2021

      The COVER Health Insurance Live event will examine how the health insurance industry is mobilising for change both during the pandemic and beyond: How have health insurers responded the many challenges brought about by the Covid-19 crisis and what’s next for the market? What opportunities are out there for healthcare intermediaries and how can they make the most out of rising private medical insurance (PMI) demand? As part of this fully interactive digital conference experience, we will also be introducing the Recognising Healthcare Innovation Awards, a new set of awards to commemorate the leading players of the health insurance sector.

      • Date: 30 Jun 2021
      • Digital Conference, Digital Conference
      event logo
      COVER Recognising Healthcare Innovation Awards 2021

      COVER is pleased to announce the launch of its first ever healthcare awards. The Recognising Healthcare Innovation Awards celebrate the best the health insurance industry has to offer across personal achievements, new propositions and campaigns, and innovative approaches to healthcare during the ongoing pandemic. Presented in conjunction with the inaugural COVER Health Insurance Live event, the six award categories are now open for submissions and will be reviewed by a panel of industry expert judges, with the winners announced during an online ceremony at the end of the conference.

      • Date: 30 Jun 2021
      • Digital Awards, Digital Awards
      View all events
      Follow our events

      Sign up to receive email alerts about our events

      Sign up

  • Industry Voice
  • EBooks
  • Access to insurance
Cover Magazine
Cover Magazine
  • Home
  • COVID-19
  • Life
  • Critical illness
  • Income protection
  • Health
  • Employee benefits
  • Regulation
  • Diversity
  • Mental health
 
  •  

    Personalise your on site experience.


    Download and use the apps.


    Access your subscription from outside of the office.


    Get relevant news and insight straight to your inbox.

    • Sign in
 
    • Account details
    • Contact support
    • Sign out
 
  • Regulation

Johnny Timpson to join Prime Minister's Champion Group

Set up by David Cameron in 2012

Johnny Timpson to join Prime Minister's Champion Group
  • Adam Saville
  • Adam Saville
  • @AdSaville_COVER
  • 16 December 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
0 Comments

Access champion accepts invite to join the PM’s Champion Group for dementia communities

Scottish Widows' financial protection technical and industry affairs specialist Johnny Timpson [pictured] is to become a financial services member of the Prime Minister's Champion Group (PMCG).

Last month, Timpson announced he would be stepping down from his publically appointed role in the Cabinet Office, as disability and inclusion champion for the insurance industry, at the end of its tenure early next year. 

Related articles

  • Covid vaccine boosts employee optimism about returning to work
  • Canada Life names Lindsey Rix UK chief executive
  • Willis Tower Watson rolls out new underwriting solution
  • Jeff Woods appointed as L&G head of intermediary development

The PMCG was set up by Prime Minister David Cameron in 2012 to create dementia-friendly communities though following a number of key commitments. They include meeting targets to get UK cities, towns and villages signed up to meet dementia-friendly criteria, as well as awareness campaigns and big events to bring public and private bodies together around the group's primary purpose.

Angela Rippon and Jeremy Hughes were appointed by the Prime Minister as co-chairs of the Champion Group and its mandate was renewed in 2015 by Teresa May. PM Boris Johnson has since pledged his commitment to the PMCG.

Johnny Timpson said: "It's unlikely that there are many insurance industry colleagues reading this who haven't been affected by dementia in some way. According to the Alzheimer's Society, it is estimated one in 14 people over the age of 65 are affected by dementia, and the likelihood of developing the illness increases with age. A diagnosis is obviously devastating for a family emotionally, but the financial impact shouldn't be underestimated either.

"Consider your client approaching their retirement," added Timpson. "Having saved their whole working life, they're looking forward to paying off their mortgage and taking advantage of pension freedoms. Their golden years are just around the corner, but what follows is a life changing diagnosis.

"Unlike illnesses such as cancer or heart disease, the biggest support to people with dementia comes from help with basic daily needs such as washing, dressing and eating, rather than medical treatment available under the NHS. They become progressively dependent on what can be expensive personal and social care, with the cost being calculated by the Alzheimer's Society at £100,000."

He continued: "Consumers are continually surprised to find that as social care is means tested, anyone with assets (including a home) of more than £23,250 is often responsible for meeting these costs themselves. As a result, care needs and costs are spiralling, stretching the resources and finances of families and local authorities alike. So sadly, instead of your client spending their hard-saved pension and any other investments on the retirement they'd hoped for, as well as any plans to provide financially for their family, they're left with little choice but to utilise these assets, along with (in many cases) any built-up equity in their home, to pay for this care.

"This is where the role of appropriate financial advice can and does come into its own, especially in relation to not just trusts and wills but importantly, the need for, and benefits of, Lasting Power of Attorney should the nature of client's health mean that they lack contractual capability and the ability to manage their financial affairs."

In 2020 the PMCG worked with the National Association of Local Councils to produce a ‘Dementia Friendly Communities' Guide, published in October. This work has been alongside the promotion of individual ‘Dementia Friends' supported by Alzheimer's Society, which reached a total of three million people in 2020.

Over 400 local communities have signed-up to ‘become dementia friendly' under a recognition scheme set up by Alzheimer's Society. A number of towns and cities have also committed to become ‘age-friendly' under a World Health Organisation Scheme.

Further reading

Johnny Timpson to step down as Cabinet Office access champion
  • Adviser / Broking
  • 10 November 2020
Jeff Prestridge: Dementia is a cruel and wicked illness
  • Long Term Care
  • 20 May 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Regulation
  • Johnny Timpson
  • Prime Minister’s Champion Group
  • access champion
  • dementia

More on Regulation

LV= demutualisation criticised as 'rushed' and 'wholly unnecessary'

APPG report

  • Insurer
  • 08 April 2021
PFS chief executive Keith Richards to step down

Headed up PFS for eight years

  • Regulation
  • 07 April 2021
Think tank brands FOS 'unfit for purpose' in damning report

Questions over fairness

  • Regulation
  • 31 March 2021
MaPS merges legacy brands to focus on financial wellbeing

Support accessible from one place

  • Regulation
  • 19 March 2021
FOS chief Caroline Wayman to exit after seven years

Effective 16 April

  • Regulation
  • 11 March 2021
blog comments powered by Disqus
Back to Top

Most read

Jeff Woods appointed as L&G head of intermediary development
Jeff Woods appointed as L&G head of intermediary development
Swiss Re: Group risk grows 3.6% during pandemic year
Swiss Re: Group risk grows 3.6% during pandemic year
Canada Life names Lindsey Rix UK chief executive
Canada Life names Lindsey Rix UK chief executive
Amanda Kerr: Focus on the here and now to protect clients' future health
Amanda Kerr: Focus on the here and now to protect clients' future health
Covid dominates The Exeter's IP pay outs in 2020
Covid dominates The Exeter's IP pay outs in 2020
  • Contact Us
  • Marketing services
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters
  • YouTube
  • Instagram

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading