Group life assurance schemes

Death in service benefit decisions can be complicated and personally difficult to make. Appointing PSGS as independent trustee and using our group life master trust relieves that burden and responsibility.

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.

Case study

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:

• the correct steps being taken at the correct time?
• the right questions being asked of the right people?
• all relevant information collected swiftly and accurately?
• sensitive liaison with the individuals’ relatives?
• claims administration and communications handled promptly and professionally?

PSGS life assurance master trust

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:

• peace of mind that difficult death in service benefit decisions are being handled by an experienced, independent professional
• certainty your claims management process follows best practice guidelines
• confidence that rational and non-conflicted decisions are being made
• assurance your HR team are not weighed down with time-consuming administrative tasks

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.

PSGS group life master trust

PSGS excepted life master trust