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.
Is this as good as it gets?
An overview of PSGS's trustee service for life-only trusts
Learn about how a PSGS master trust could help you
Read our trustee discretions briefing note