The transfer of CS Healthcare’s members and business to Bupa has received final regulatory approval required for it to go ahead on 1 January 2021.
The Prudential Regulatory Authority today published its approval, which follows clearance from the Competition and Markets Authority and the Channel Islands Competition and Regulatory Authorities. CS Healthcare’s members also overwhelmingly voted in favour of the transfer at the September 2020 AGM.
Alex Perry, CEO, Bupa UK Insurance said:
“We’re pleased that the PRA has approved the transfer of CS Healthcare’s business and members to Bupa, which is the final regulatory step. We’re very much looking forward to welcoming CS Healthcare’s members and people to Bupa on 1 January 2021.
“The transfer offers a number of benefits to CS Healthcare members, including reassurance over the sustainability of their health insurance, enhanced policy benefits and greater access to health and wellbeing benefits to support their physical and mental health.”
When they renew onto a Bupa policy, CS Healthcare’s 17,500 members will benefit from greater access to even more health and wellbeing services. These include Bupa’s specialist support for cancer* and cardiac care, digital GP service, and direct access to treatment for a wide range of conditions without needing to see a GP first. They’ll also benefit from enhanced policy benefits and Bupa’s market-leading mental health cover, to support this important aspect of their overall health and wellbeing.