There are a number of current and future legislative changes that will impact any insured Risk Benefits you provide. Are your arrangements up to date and do the current benefits continue to meet your business needs?
You need to consider the impact of Welfare Reform legislation, including the removal of default retirement ages and the Lifetime Allowance.
A full audit of your arrangements, including a review of the scheme design is a good starting point. The aim is to retain quality while ensuring the premium rates and terms remain competitive.
Death in Service, Income Protection or Critical Illness schemes must be reviewed in a holistic fashion. They also need to complement other benefits such as Healthcare, and consider both the business objectives and the employee needs.
Our service secures the maximum advantage and cost effectiveness wherever possible. We’ll also factor in wider business issues such as well-being or absence management.