A Case Study on Group Risk Implementation

Bestinvest Critical of Delays in Group Risk Implementation

As a financial services organisation, intermediary Bestinvest was aware of the importance of allowing adequate time for the implementation of its flexible benefits scheme on 1 January 2006. The design process had therefore commenced five months previously.

Most quotes for income protection, which is a core benefit, and critical illness cover, which is a non-core benefit, took between three and four weeks to obtain. While this was in line with expectations, it was still noticeably longer than the five to 10 days required for obtaining private medical insurance quotes. Click here to read more…

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