Almost three-quarters (71%) of delegates polled at Aon Employee Benefits' recent salary sacrifice seminar felt they would have to rethink benefit strategy as a result of the changes to salary sacrifice announced in the Autumn Statement.
A further 71% also felt that the erosion of salary sacrifice would impact benefits negatively. However, Martha How, principal at Aon Employee Benefits, said: "Now is a good time to re-assess benefits strategy, but closing salary sacrifice schemes for most benefits would reduce the real value of benefits in the hands of employees." In the Autumn Statement, chancellor Phillip Hammond announced that there would be a restriction on the tax free benefits offered by salary sacrifice schemes. Pensions,...
Employers are 'in danger of having group risk protection policies that are not legislatively compliant' as the state pension age increases, Group Risk Development (GRiD) has warned.
British Friendly has extended its Mutual Benefits programme to members' wider family via two initiatives.
Capita Life & Pensions has launched a direct-to-customer digital protection system.
Ahead of MiFID II