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Rising healthcare costs worry employers

Employers are becoming increasingly concerned about the rising cost of private healthcare and looking for other areas where savings can be made, according to Mellon Financial&#39s human resources and investor solutions group.

The results of the firm&#39s online survey carried out in January show that 70 per cent of the 300 employers which completed the survey were worried about increasing healthcare costs.

Employers highlighted areas such as sickness and management leave as ones where they could cut costs to counteract the rise in healthcare expenses. Mellon HR & IS managing director Adrian Norris believes better management in these areas could bring immediate cost recovery but careful planning would help to ensure a more cost-efficient business in the long run.

Norris acknowledges that healthcare costs look set to continue rising, saying: “Imp-rovements in availability and standards of service in the NHS on one hand and the lack of patients and demand for private hospitals on the other ought to be driving the costs of healthcare packages down but we have yet to see any sign of this.”


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Treasury to amend financial promotion rules

The regulation of financial promotions is set to be brought under one set of rules as part of the Treasury review of the FSA. The consultation paper has outlined concerns that the way in which promotions are regulated depends more on what regime the products fell under in the past rather than the amount of […]

Survey says savings gap is exaggerated

Warnings of a savings and pension crisis may be greatly exaggerated, according to new research from the International Longevity Centre-UK. ILC-UK says the savings gap of £27bn is less than the amount passed on each year in inheritance. The research questions Government figures for unsecured debt, saying they may be too high as they include […]

Ex-Ashley Law advisers in commission claim battle

A former Ashley Law adviser has issued a statutory demand to the Essex company for £7,719 of earnings he says is owed a year after he left. Ned Naylor is one of a group of nine former advisers who are planning a group action for the recovery of around £500,000 which they claim is for […]

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


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