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PMI group holds seminar for IFAs

The private medical insurance industry working party is holding a seminar for IFAs to discuss ways forward in the wake of a critical Office of Fair Trading report.

It will cover the provision of healthcare in general, private medical insurance, critical-illness cover and income protection.

The meeting will be held on Tuesday, April 27 at the London offices of the Association of British Insurers.

The PMI is inviting intermediaries to give their views following the release of an Office of Fair Trading report into health insurance last May, which called for simpler definitions and policy terms.

It submitted a response to the OFT in September. It is now discussing the issues arising from the report with the Consumers&#39 Association and Financial Services Authority.

Representatives of the UK private medical insurance industry hope the meeting will give IFAs an opportunity to discuss and provide input on the content and format of a consumer guide and product guidelines.

PMI working party chairman and Bupa head of strategic planning Nicholas Beazley says: “Intermediaries play a vital role in the sale of PMI and we value the views and opinions of those specialists. We recognise that intermediaries have invaluable experience and knowledge and their feedback will be essential in finalising our proposals.”

Members of the PMI working party are Bupa, PPP Healthcare, Norwich Union Heal- thcare, Prime Health, Western Provident Association, Royal & Sun Alliance, Legal & General and Abbey National Healthcare.


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