New trust option from AXA PPP healthcare

AXA PPP healthcare has introduced a new healthcare trust arrangement for employers who wish to benefit from the advantages associated with a trust, yet without any of the responsibilities of being a trustee or the burden of setting one up.

16 May 2013

Posted in Product

by Daniel O’Byrne (see media contact)

As the UK's largest provider of healthcare trusts to employers, AXA PPP's Master Trust builds on the company's depth and breadth of knowledge and experience in managing some of the largest and most complex trusts in the UK. The Master Trust has been established based on the important distinction that AXA PPP - rather than the client - undertakes trustee duties via its specialist trust administration arm.

Benefits of the AXA PPP Master Trust include:

  • flexible benefit design
  • tax efficiency
  • flexibility and certainty of financial liability
  • significantly reduced administration burden
  • security from working with a leading healthcare trust expert

The Master Trust is suitable for groups with a minimum medical benefit spend of around £200,000 per annum, and is flexible enough to accommodate a range of client requirements based on plan design, underwriting terms and risk retention or transfer. AXA PPP's development of the Master Trust has been supported by specialist external legal advice provided by Pinsent Masons.

James Freeston, AXA PPP healthcare's sales & marketing director said:

"As the leading provider of healthcare trusts in the UK, our Master Trust builds on our extensive experience and expertise in this complex area of employee benefit provision.

"With all the advantages of a traditional healthcare trust without the distraction of setting up and managing the scheme, employers can secure the benefit of cost effective healthcare treatment for ill or injured employees which supports an early return to work and improved productivity.

"Intermediaries and clients alike can be reassured that we have undertaken a considerable amount of diligence in establishing the Master Trust, including support and advice from Pinsent Masons when designing and executing the legal documentation necessary for the Master Trust."

AXA PPP can be flexible about the Master Trust arrangements and will work closely with clients to develop a mix of benefits and services that best meet their business's healthcare needs.