Vitality Life Limited is the insurer which issues the VitalityLife plan, is the provider and manager of the VitalityInvest ISA and VitalityInvest JISA and the provider and scheme administrator of the VitalityInvest Retirement Plan. Vitality Health Limited is the insurer which underwrites the VitalityHealth plan. Vitality Corporate Services Limited is an authorised intermediary of Vitality Health Ltd and Vitality Life Ltd and arranges and administers the VitalityHealth, VitalityLife and VitalityInvest plans. All companies are registered in England and Wales. Registered office at 3 More London Riverside, London, SE1 2AQ.
Vitality Corporate Services Limited is authorised and regulated by the Financial Conduct Authority (FRN: 461107).
Vitality Health Limited and Vitality Life Limited are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (FRNS: 400057 & 675028 respectively). Vitality Health trust administration business is handled by Vitality Corporate Services Limited and this activity is not regulated by the Financial Conduct Authority.
Calls may be recorded/monitored to help improve customer service. Call charges may vary.
Important legal informationPlease read this information carefully. By accessing this website you confirm that you have understood and agree to be bound by the following terms and conditions. This website and the information provided on it are for the use of permanent residents of the United Kingdom only (for the purposes of this website the United Kingdom excludes the Channel Islands).
JurisdictionThe Vitality Group* controls and operates this website from the United Kingdom and the information delivered via the website is deemed to have been delivered in the United Kingdom. The Vitality Group makes no representation that the material contained in this website is appropriate or available for use outside the United Kingdom and is not soliciting any business from outside the United Kingdom.
This website is not directed to any person in any jurisdiction where (by reason of that person's nationality, residence or otherwise) the publication or availability of this website is prohibited. Persons to whom such restrictions apply must not access this website. If you choose to access this site from outside the United Kingdom you are solely responsible for compliance with local laws.
This website and any transaction effected through it are governed by English law and the English courts shall have exclusive jurisdiction in any legal proceedings.
Terms and conditions of useThe information contained in this website is general in nature and does not constitute a contractual offer. Any medical, health, fitness or other similar information is intended for use solely as an educational aid. The information is intended to supplement where appropriate and in no way substitute the expertise and judgement of your physician, pharmacist or other healthcare professional. You are advised that decisions regarding the diagnosis and treatment of a medical condition, including decisions regarding drug therapy, are complex medical decisions requiring the independent and informed judgement of your appropriate healthcare professional. All specific questions regarding the treatment and care of a medical condition should be posed to your own professional healthcare provider.
To the extent permitted by law, the Vitality Group shall not be responsible for any loss or damage occasioned by the use of the information presented here for any reason and howsoever arising.
The Vitality Group, its suppliers, subcontractors, licensees and sub-licensees are not responsible for any decisions you may make resulting from the use of the information including, but in no way limited to, your choosing to seek, or not to seek, professional medical care or your choosing or not choosing specific treatment. You hereby waive any claim you may have or acquire against the Vitality Group and agree to indemnify and hold the Vitality Group harmless from any claims, lawsuits, proceedings, costs, special, incidental, consequential or indirect damages, including damages for loss of profits, loss of business or downtime of this website arising out of or relating to your use of the information.
The views expressed on this website are not necessarily those of the Vitality Group or its agents, nor are the products advertised herein necessarily endorsed by the Vitality Group or covered as benefits under the Vitality Group policy. Whilst we endeavour to ensure the accuracy of the information, neither the Vitality Group, nor any of its staff or its agents will be held responsible for any omissions or errors, or for any misfortune, injury or damages which may arise therefore. The Vitality Group does not in any manner endorse, assume responsibility for, or recommend the use of any drug or treatment method described on this website. This website contains content provided by third parties of which the Vitality Group is merely a distributor and not publisher. The information available on this website is provided with no warranty, whether express or implied. The Vitality Group makes no representation about the suitability of this information and content for any purpose whatsoever.
Nothing contained on this website or in these terms and conditions shall operate to exclude liability for death or personal injury caused by the negligence of the Vitality Group, its suppliers, subcontractors, licensees and sub-licensees.
As a registered user of this website, you will receive all communications via email. Should you wish not to receive communications via email from the Vitality Group, you may change the way you receive your communication on the website, or you may phone our contact centre.
All elements of this website, including, but not limited to, the general design and the imagery, are protected by trade restrictions, copyright, moral rights, trademark and other laws relating to intellectual property rights. Except if explicitly permitted under this or another agreement with the Vitality Group or one of its subsidiaries, no portion or element of this website or its content may be copied or retransmitted via any means. This website, its content and all related rights shall remain the exclusive property of the Vitality Group or its licensors unless otherwise expressly agreed. Any unauthorised use, alteration or dissemination of information on this website is prohibited. Should a user breach any of these terms then Vitality Corporate Services Limited shall have the right to claim damages which claim shall include the right to claim special, incidental, consequential or indirect damages. The Vitality Group will also be entitled to claim for loss of profits and loss of business and shall be entitled to recover reasonable legal costs.
No warranty is given as to the freedom of this website from errors, defects, viruses, malicious programmes or macros. Links from this website exist for information only and the Vitality Group accepts no responsibility or liability for the availability of, or the information contained on, any such site. The Vitality Group shall have no liability to any person who accesses third party websites via a link from this website and any use of third party websites shall be at the user’s own risk. The existence of a link to another website does not imply or express endorsement of its provider, product or services by the Vitality Group. Links to this website are not permitted without the prior written consent of the Vitality Group.
*The Vitality Group includes Vitality Health Limited and Vitality Health Insurance Limited, both trading as VitalityHealth, Vitality Corporate Services Limited trading as VitalityHealth and/or VitalityLife and/or VitalityInvest and Vitality Life Limited, trading as VitalityLife and VitalityInvest
Vitality take information security very seriously and take all reasonable steps to secure and protect your information. We have an effective encryption system in place to protect any electronic communications to our website. We also have secure firewall software and other measures in place to prevent unauthorised access. Look for a padlock symbol next to the address bar to confirm that you are in a secure area.
All information you provide to us is stored on secure servers. Where we have given you (or where you have chosen) a password which enables you to access certain parts of our site or applications, you are responsible for keeping this password confidential. We ask you not to share a password with anyone.
When you send information to us by email, please bear in mind that the transmission of information over the internet is not completely secure, unless the information is encrypted. Whilst we take all reasonable steps to protect your personal data on our systems, we cannot guarantee the security of any data you choose to email to us, so, please be aware that sending us your personal data via email is at your own risk. Once we have received your information, we will use strict procedures and security controls to ensure its ongoing confidentiality and protection.
With regards to each of your visits to our site we may automatically collect the following:
- technical information, including the Internet protocol (IP) address used to connect your computer to the Internet, your login information, browser type and version, time zone setting, browser plug-in types and versions, operating system and platform;
- information about your visit, including the full Uniform Resource Locators (URL) clickstream to, through and from our site (including date and time); plans you viewed or searched for; page response times, download errors, length of visits to certain pages, page interaction information (such as scrolling, clicks, and mouse-overs); and methods used to browse away from the page and any phone number used to call our customer service number.
If you have any concerns in relation to the security of our site or your personal data contained within it, please contact the Subject Access Request team:
Post: DSAR Team, St Christopher House, 217 Wellington Road South, Stockport, SK2 6NG.
Telephone callsCalls may be monitored and recorded for training and compliance purposes.
Call charges may vary.
Unless indicated lines are open Monday to Thursday, 8.30am to 6.00pm and Friday, 8:30am - 5:00pm.
If you call VitalityLife, you may be speaking with a financial adviser from Genesis Financial Advisory Services (UK) Ltd (Financial Conduct Authority Firm reference number: 518666). Genesis is directly authorised to support VitalityLife Advisers outside our standard operating hours and when we experience higher than normal customer enquiries.
Solvency and Financial Condition Report
Solvency and Financial Condition Report
Under the Prudential Regulation Authority (PRA) rules and Solvency II regulations, a PRA-authorised insurance undertaking (firm) must disclose publicly, on an annual basis, a Solvency and Financial Condition Report (SFCR). The SFCR contains narrative information in quantitative and qualitative form supplemented, where appropriate, with quantitative templates. A firm’s SFCR must contain the following information:
1. a description of the business and performance of the firm;
2. a description of the system of governance of the firm and an assessment of its adequacy for the risk profile of the firm;
3. a description of the risk exposure, risk concentration, risk mitigation and risk sensitivity separately for each category of risk of the firm;
4. a description, separately for assets, technical provisions and other liabilities, of the bases and methods used for their valuation, together with an explanation of any major differences in the bases and methods used for the valuation of those assets, technical provisions and other liabilities in financial statements of the firm; and
5. a description of the capital management of the firm, including information on own funds, solvency capital requirement and minimum capital requirement.
The Group have prepared two individual SFCRs for Vitality Life Limited and Vitality Health Limited and an EEA Group SFCR for Discovery Group Europe Limited. Historically, the Group produced a solo SFCR for Vitality Health Insurance Limited, however due to the de-authorisation of Vitality Health Insurance Limited as an insurance company in May 2019, an SFCR is no longer required.
UK Tax Strategy
UK Tax Strategy: Financial Year Ending 30 June 2019
To satisfy the UK legislative requirements of paragraph 19(2) and, as applicable, paragraph 22(2) of Schedule 19 to the Finance Act of 2016, this strategy is published by and on behalf of Discovery Group Europe Limited and Discovery Finance Company Europe Limited (collectively “Discovery UK”), and all of the relevant group operating entities in the UK under the Vitality banner (collectively “Vitality UK”), which are subsidiaries of Discovery Limited, a South African based company listed on the Johannesburg Stock Exchange (“Discovery”)
1. Our approach to tax risk management and governance arrangements
We are committed to full compliance with all statutory tax obligations. This includes filing accurate, timely tax returns, as well as settling any tax obligations in the correct period.
Due to the complex nature of tax legislation, potential differences in interpretation can create tax risk. We have sufficient processes and internal controls in place to identify, evaluate, mitigate, and manage this risk.
Responsibility for the tax strategy lies with the Board of Directors. Day-to-day responsibility in relation to the tax affairs of Vitality UK and in relation to the tax affairs of Discovery UK, is delegated, respectively, to the CFO of Vitality UK, and to the COO of Discovery UK. Discovery has a centralised Group tax function that is based in South Africa, which is supported by tax professionals. This function is responsible for overall tax policy and monitoring the impact of in-country (South African) tax rules and respective tax amendments.
The respective tax and finance teams are therefore adequately staffed with appropriate skills (reflecting the size of the operation) to monitor tax compliance and keep abreast of changes in tax legislation. Each entity is also supported by a separate team of external tax advisors. , which also ensure tax controls are followed. In line with the internal tax control framework, these advisors are consulted as appropriate.
2. Our attitude towards tax planning
Commercial activities are structured in a manner to maximise value on a sustainable basis for shareholders. Tax planning is undertaken within this context - economic substance and commercial rationale for transactions undertaken are paramount. Where interpretations of tax legislation are unclear, complex or material, external advice is sought from in-country tax specialists.
3. The level of tax risk we are prepared to accept
Our internal controls operate to ensure compliance with tax legislation. Where uncertainty of interpretation exists we seek external advice or engage directly with HMRC as appropriate. When making tax decisions we consider the materiality of any item, the financial impacts, as well as any perceived reputational risk.
4. Our approach to dealings with HMRC
Our objective is to engage with HMRC in a professional manner with honesty, integrity and to respond to information requests in a timely manner.
Where considered appropriate, we would be prepared to litigate on matters where we disagree with a ruling or decision of a tax authority, after seeking to resolve the matter through transparent discussion.
Modern Slavery Act 2018
Statement by Neville Koopowitz, CEO for Vitality Health and Herschel Mayers, CEO for Vitality Life and Vitality Invest
Vitality seeks to eliminate human trafficking and slavery from our supply chains. We strongly oppose any use of slavery or human trafficking in the provision of our services and promotes ethical and lawful business practices within our workplace. Vitality will not tolerate or condone any form of policy or practice that constitutes human trafficking or slavery in any part of our organisation. This policy complies with the UK Modern Slavery Act 2015.
Companies in the Vitality Group are involved in the provision and distribution of private medical insurance, life/protection insurance and investment products to customers based in the United Kingdom. Our insurance plans are purchased by private individuals, SMEs and large corporate customers.
All our insurance plans include “Vitality” which is our wellness programme that helps you to understand your health, makes it cheaper and easier to get healthy and rewards you for making healthy lifestyle choices.
Our company structure
The Vitality Group in the United Kingdom consists of the following companies;
- Discovery Group Europe Limited
- Discovery Holdings Europe Limited
- Vitality Corporate Services Limited
- Vitality Health Limited
- Vitality Life Limited
- Vitality Health Insurance Limited
- Vitality Invest Trustee Company Limited
- Better Health Insurance Advice Limited (formerly Insure Your Health Limited)
Ultimately these firms are owned by the Discovery Group which is based in South Africa.
We employ around 1800 employees across a number of locations in the United Kingdom and our primary offices are in Bournemouth, London and Stockport. The Group turnover is over £500M and we insure over 1 million customers.
Our supply chains
Vitality suppliers are an important part of our success and our culture. We expect each business partner to conduct their business with the same commitment to ethical business practices as Vitality. This includes:
- Suppliers are not to use slave labour, illegal child labour or forced labour
- Suppliers will ensure that the overall terms of employment are voluntary
- Suppliers will follow all local employment laws regarding minimum age requirements, wages, overtime benefits and the number of hours worked in a seven day week
- Suppliers will from time to time certify that they conform to the expectations above
- Suppliers must be able to demonstrate compliance with this policy at the request and satisfaction of Vitality.
Vitality will maintain internal accountability standards and procedures for employees or contractors failing to meet company standards regarding slavery and human trafficking. Vitality will promptly and thoroughly investigate any claim or indication that a supplier is engaging in human trafficking or slave labour. If any supplier is found in violation of this policy, Vitality will take prompt, remedial action to address the violation.
Vitality will provide ongoing training to its employees on the laws and Vitality’s policy against human trafficking and slavery.
Given the nature of our business, our board and management teams throughout the various parts of the Vitality Group believe that there is an extremely low likelihood of there being any involvement in slavery or human trafficking either within our group or within the supply chains that we utilise to deliver our services to our customers.
Our supply chains that support our service delivery are limited and include a small number of;
- Offshore firms that provide IT support and “back office” functions such as invoice processing and plan administration
- Business partners who support our Vitality programme
Our policies on slavery and human trafficking
We are committed to ensuring that there is no modern slavery or human trafficking at any stage in our supply chains or in any part of our business. We have in place a Vitality Anti-Slavery Policy that reflects our commitment to acting ethically and with integrity in all our business relationships and to implementing and enforcing effective systems and controls to ensure slavery and human trafficking is not taking place anywhere in our supply chains.
Additionally we have a Supplier Code of Conduct that outlines the expectations that we have of our suppliers in areas such as;
- Competition and Anti-trust
- Health, safety and the environment
- Bribery and corruption
- Financial Crime
- Employment Standards
Due diligence processes for slavery and human trafficking
As part of our initiative to identify and mitigate risk we carry out risk-based due diligence that will incorporate where necessary an assessment as to any potential risk of slavery and human trafficking.
We have in place systems to:
- Identify and assess potential risk areas in our supply chains
- Include specific contract clauses on modern slavery where required
- Mitigate the risk of slavery and human trafficking occurring in our supply chains
- Monitor potential risk areas in our supply chains
- Protect whistle blowers.
Supplier adherence to our values
We have zero tolerance to slavery and human trafficking. To ensure all those in our supply chain and contractors comply with our values we have a supplier monitoring programme that will involve periodic reviews of our suppliers.
To ensure a high level of understanding of the risks of modern slavery and human trafficking in our supply chains and our business, we provide training to our staff.
We will continue to monitor our supplier base and to further develop our processes and procedures to ensure that we identify and eliminate risks related to slavery and human trafficking.
This statement is made pursuant to section 54(1) of the Modern Slavery Act 2015 and constitutes our Group's slavery and human trafficking statement for the financial year ending 30 June 2018.