Problems encountered with life assurance cover can be some of the most costly issues to put right. With the constantly changing legislation affecting group life assurance e.g. The Employment Equality (Age) Regulations 2006, Section 255 Pensions Act 2004. An assessment of liabilities, through risk analysis, would be advisable for today’s trustees, and this is one of the many ways in which Hymans Robertson can help.
Detailed below are more ways in which Hymans Robertson can help with both the day-to-day issues and hot topics faced by trustees today. Whether it’s a full risk audit, or assistance with the ongoing administration of your group life assurance policy, Our Health & Risk Consulting team can help:
- Advice on scheme design.
- Advice on funding options. Including exploration of both insurance and self insurance options.
- Placing and rebroking of new and existing policies.
- Full market reviews, to ensure competitive terms and costs are maintained.
- Administrative support and expertise in claims and medical underwriting.
- Feasibility studies in respect of alternative financing options including multinational pooling and captive arrangements.
- Industry specific benchmarking of benefits.
- Assistance with govenance and solutions in relation to ill health early retirement.