Watson Wyatt warn on consequences for group IP from Welfare Reform Act
The implementation of the new Welfare Reform Act later this month could have far-reaching consequences for the future design of group income protection (GIP) benefit policies, warns a major consulting firm.
Jamie Winter, head of healthcare & risk consulting at Watson Wyatt said: “All existing GIP schemes make an assumed allowance for state incapacity benefit levels and this is hardwired into the GIPOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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