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Sunak’s cost of living crisis failure could prompt delayed or cancelled cover, advisers warn
Protection insurance planning could come under greater scrutiny from customers as a result of chancellor Rishi Sunak's failure to properly address the country's cost of living crisis, advisers have warned. They also...
Read moreChancellor under fire for omitting PMI tax break
The chancellor should have used his Spring Statement address to incentivise private medical insurance to tackle record NHS wait times, according to David Middleton, chairman of the Association of Medical Insurers and...
Read moreOBR predicts highest recorded fall in living standards as lack of Universal Credit support in Spring Statement a ‘bitter blow’
Britons will suffer their biggest fall in living standards on record during the next 12 months, the Office for Budget Responsibility (OBR) has predicted. And the agency warned that living standards may...
Read moreSunak hits low earners as NIC threshold up £3k and Income Tax cut planned
The National Insurance Contribution (NIC) lower threshold will be increased by £3,000 in July to bring it into line with the Income Tax personal allowance lower limit. However, the move has been...
Read moreInflation hits 30-year high and duration is a key factor
UK inflation hit a 30-year high of 6.2% in February as measured by the consumer prices index (CPI), up from 5.5% in the previous month. Insurers have warned that the duration of...
Read moreResearch underlines importance of gender balance among profession, advisers say
Advisers believe that research indicating women put more emphasis on building relationships with clients' families only underlines the importance of ensuring gender balance within the profession. Health & Protection spoke to a...
Read moreBlack Lives Matter and #MeToo prompting insurers to reassess ESG goals
Four in 10 insurance businesses across the global have reassessed their environmental, social, and governance (ESG) goals due to social trends such as the Black Lives Matter and #MeToo movements. This is...
Read morePMI primed to grow as employers ‘finally understand’ value of health benefits
The corporate private medical insurance (PMI) market is poised for growth as the pandemic has triggered significant expansion from organisations who “finally understand” the value of health benefits. However, the industry still...
Read moreBeware really poor and ‘vastly oversold’ wellbeing apps – Howden
Howden is warning the industry to beware of “really crap” health and wellbeing apps as Siemens is calling for insurers and advisers to give employers more support on which ones to use....
Read moreEmployers want PMI to cover chronic conditions – Bupa and WPA
Employers are increasingly looking for their private medical insurance (PMI) scheme to cover long term chronic conditions of employees, two insurers have agreed. Bupa and WPA acknowledged they were increasingly hearing from...
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