“I enjoy working with PSGS and we have a very positive relationship. I was new to pensions and found them very helpful.”
“The trustee training was a very well-paced overview which gave opportunity to explore ideas and question more deeply at key points.”
“Excellent service - as expected and why PSGS was chosen.”
“They have helped us save much more and created a cohesive plan to de-risk whilst building an integrated pension team.”
“Mike is a great secretary. He does a really good job for us.”
“Ever increasing regulation has placed a heavy burden on trustees both in terms of time and the risk of non-compliance. PSGS has the experience and the resources to help trustees manage these burdens.”
Many employers use a life cover only trust to provide death in service benefits to employees, particularly those who are not members of a trust-based pension scheme. For employees affected by the pension lifetime allowance, an excepted life scheme can be used.
Exercising discretion over who should receive the benefit from a group life assurance or excepted life trust can be fraught with pitfalls. Take a look at our briefing note to see how Pensions Ombudsman rulings on death complaint cases show this can be a minefield.
Are you sure your group life and excepted life claims and discretion processes are effective and efficient, with:
Our master trust solution helps employers navigate a safe and cost effective path through the death in service benefit claims and discretions process. The benefits of using PSGS' group life master trust and excepted life master trust include:
Group life and excepted life assurance schemes come with compliance and governance issues that can lead to tax charges and Ombudsman complaints if not handled correctly.
PSGS' group life and excepted life master trusts provide a simple solution for employers to use to provide death benefits for all employees, including those affected by the pension lifetime allowance.
The PSGS master trust will help you:
To learn more about how a PSGS master trust could help you manage the risks and complexities of providing death benefits to some of your most valuable employees, please contact us or download our service flyers: