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.
Exercising discretion over who should receive the benefit from a group life assurance trust can be fraught with pitfalls. Take a look at the case study in our group life mastertrust flyer to see how Pensions Ombudsman rulings on death complaint cases show this can be a minefield.
Are you sure your group life trust's 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's group life master trust include:
If you would like to relieve the burden of managing death in service benefits claims please contact us to find out more about the PSGS group life mastertrust and excepted life assurance master trust.
Sole trusteeship & a successful small scheme buy in
Saving tax for Bella beneficiaries
Trustee discretions - payment of death benefits
How a leading commercial bank benefits from using a healthcare trust
How effective is your pension trustee board?
20 PSGS professional trustees accredited under the PMI’s Aptitude programme
Trusteeship is all about relationships