During this webinar (catch up here) we discussed market conditions across; Group Income Protection, Group Critical Illness, Group Life Assurance, Group Private Medical Insurance (PMI), and the strategies to manage the market. We also explored upcoming changes regarding; National Insurance, National Minimum Wage, Inheritance Tax, Group Life Assurance, Pay Transparency, Employment Rights and Benefits in Kind Reporting. Concluding with the latest trends and talking points in employee benefits design.

1. Savings on rates can still be made through market reviews as competition between providers remains strong.
2. National Insurance increases on April 6 may make salary exchange, also known as salary sacrifice, essential for managing workforce costs across various benefits, not just pensions.
3. The importance of benefits software will become increasingly evident as employers prioritise personalisation to meet the diverse and evolving needs of their workforce.

For more information on the state of the market, we encourage you to download our Market Insights Report. To sign up for future webinars please visit our events hub.