IPT increase should not see flood of changes

When the increase in IPT from 6% to 9.5% with effect from 1 November 2015 was announced last year the benefit industry reacted with an array of negative predictions for the private medical insurance market - none of which have come to pass. I am not suggesting that employers were happy about paying an increased premium, but we didn't see a long line of companies asking for their schemes to be cancelled as the 3.5% cost increase was too much to bear. We did, however, see a number of clients investigate So, here we are again. The Chancellor is looking to increase tax revenue and has ...