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Media Releases

Media Releases

HSBC Life media releases

Read the latest statements and press releases from HSBC Life. If you are a journalist, our communications team can be contacted by email:uklifepressoffice@hsbc.com

  • Advisers can calculate IHT liabilities based on future estate value and gifting plans.

    Recent HMRC data* shows that total IHT (inheritance tax) receipts for April 2023 to March 2024 climbed to £7.5 billion – £0.4bn higher than the same period last year. Government forecasts also estimate IHT receipts will grow to £8.4 billion in the 27/28 tax year**.

    As a result of these increases and to enhance the support it provides for advisers and their clients, HSBC Life (UK) Limited (“HSBC Life (UK)”) is launching an Inheritance Tax (IHT) calculator designed to estimate current and future client liabilities including gifting plans and increased asset values.

  • HSBC Life (UK) Limited (“HSBC Life (UK)”) continues to focus on its expansion of underwriting and inclusivity with the introduction of new digital rules for mental illness disclosures made during a life and critical illness cover application.

    This builds on the drive to trust the customer and remove the stigma of mental illness and barriers to protection.

  • The changing face of retirement is highlighting the need for advisers and their clients to make investments work harder for them, research* from HSBC Life (UK) Limited (“HSBC Life (UK)”) shows.

    HSBC Life’s nationwide study with advisers found that on average they expect 43% of their clients to work past standard retirement ages and 29% of their clients to retire overseas underlining how advice and the use of investable capital must adapt to help support clients with achieving their plans.

  • The changing face of retirement is highlighting the need for advisers and their clients to make investments work harder for them, research* from HSBC Life (UK) Limited (“HSBC Life (UK)”) shows.

    HSBC Life’s nationwide study with advisers found that on average they expect 43% of their clients to work past standard retirement ages and 29% of their clients to retire overseas underlining how advice and the use of investable capital must adapt to help support clients with achieving their plans.

  • Demand for tax-effective investment advice is likely to increase presenting a major opportunity for advisers to demonstrate their expertise and grow their businesses, new research* from HSBC Life (UK) Limited (“HSBC Life (UK)”) shows.

    The research by HSBC Life (UK), titled The Three I’s of Investable Capital, in association with consultancy Technical Connection, found currently 50% of surveyed advisers’ clients are higher rate taxpayers while nearly a third (32%) are additional rate taxpayers.

  • Advisers are risking losing potential clients and business despite believing that taking an intergenerational approach to clients is important, research* from HSBC Life (UK) Limited (“HSBC Life (UK)”) shows.

    The national study with advisers found almost all (96%) say intergenerational planning is important for their businesses with 56% saying it is highly important. However just 62% claim to have a clear intergenerational business strategy with 30% saying they are working on one. Another 6% say they plan to implement a strategy while 2% have ruled it out.

  • HSBC Life – the HSBC Group’s insurance business – has been awarded a Defaqto Gold Service rating for the third year in a row for its Onshore Investment Bond underlining its focus on supporting advisers in the fast-growing market.

    The Service rating, which is based on feedback from financial advisers, builds on a 5-star rating from Defaqto’s independent experts for HSBC Life’s Onshore Investment Bond Select.

  • In another UK protection market-innovation HSBC Life (UK) Limited (“HSBC Life (UK)”) continues to expand its focus on underwriting and inclusivity. Critical Illness cover will be available to Type 2 diabetic customers without the need for NHS records. These customers will have the opportunity to obtain Critical Illness cover by attending an independent nurse medical screening, the results of which will be assessed digitally in a three-day turnaround time.

  • HSBC Life (UK) Limited (“HSBC Life (UK)”) is extending its Value-Added Benefits proposition to new customers who apply for protection cover via external distribution partners including price comparison websites. The benefits will also be offered to existing protection customers who bought their policy via external distribution partners.

  • Advisers are concerned about their clients risking HMRC fines, by failing to register trusts with the Trust Registration Service (TRS) by 1st September, according to new research from HSBC Life (UK), the HSBC Group’s insurance business.

  • HSBC Life (UK) Ltd has signed the Protection Distributors Group (PDG) Claims Charter and Funeral Payment Pledge. The PDG introduced the Claims Charter to encourage best practice during the claims process and ensure claimants have the best support with claims paid as quickly as possible.

  • • Tax changes plus political and economic uncertainty are making investment decisions tougher, research shows
    • HSBC Life (UK) Limited launches Investable Capital Report to help address their concerns

    More than two out of three advisers believe financial planning has become harder over the past five years as tax changes combine with political and economic uncertainty plus market volatility, new research* from HSBC Life (UK) Limited shows.

  • In a UK Protection first, HSBC Life (UK) Ltd is launching a digital underwriting innovation that enables medical screening requests to be sent to and received back automatically from the medical screening provider Square Health, exclusively available on UnderwriteMe’s Protection Platform. Once the screening is completed, the results are returned to HSBC Life’s digital underwriting rules engine – provided by UnderwriteMe – to instantly provide an eligibility decision. This innovation will also be available via the HSBC Life extranet journey for those IFA users who use IRESS, iPipeline and Synaptic Webline.

  • A study by HSBC Life – HSBC’s insurance business – highlights how being financially fit benefits society by boosting support for charity and ESG investing.
    The +Factor study surveyed over 3,000 UK adults, to gauge their health and wellbeing in a bid to better understand the relationship between people’s physical health, mental wellbeing and their financial fitness as well as the wider societal impact of these three health dimensions.

  • Breast cancer claims support is increasing as speed of payouts and help for customers expands, says HSBC Life (UK) Ltd, HSBC Group’s insurance business, as it marks this year’s Breast Cancer Awareness Month

  • HSBC Life (UK) Limited has appointed Mark Green as a Senior Taxation and Trust Manager further building on the expertise available within its Taxation and Trust technical function. Formerly Head of Tax and Estate Planning at Legal & General, Mark’s career in tax has spanned 37 years, the last 25 years also spent working at Aegon and Clerical Medical. An Inland Revenue trained graduate with a Master’s degree in law, Mark also has TEP, ATT and FPFS qualifications.

  • New products for renters and millennials will help expansion. New independent research for HSBC reveals financial advisers believe innovation leading to faster underwriting is the most important requirement in the individual protection market to help drive growth, with 50 per cent of advisers calling for the process to be accelerated.

  • A new study by HSBC Life – HSBC’s insurance business – confirms the intrinsic link between financial planning and improved mental and physical health.
    The +Factor study surveyed over 3,000 UK adults, to gauge their health and wellbeing in a bid to better understand the interconnection between people’s physical health, mental wellbeing and their financial fitness.

  • Financial advisers believe increased demand for individual protection products will come from parents with young families, according to new independent research for HSBC Life UK. Over half (53 per cent) of advisers surveyed highlighted parents with young children will have the biggest need for protection, while parents starting a family will also potentially benefit from individual protection, 43 per cent of financial advisers revealed.

  • Advisers are seeing an increase in demand for ESG and sustainable investment options in onshore bonds as the market expands, according to new research1 among 100 UK based wealth management advisers, by HSBC Life – the HSBC Group’s insurance business.