Pitmans launches life assurance claims service

The service aims to help trustees and pension scheme administrators to process death claims when members die in service.

PTL managing director Richard Butcher said: "Many employees benefit from death in service cover, provided by their employers. The advantages of these schemes are clear; they provide a valued, relatively low cost, benefit that, up to now, has been fairly simple to administer for the employer.

"However, increased regulation and the often more complicated personal circumstances of employees' personal lives, have made processing death claims more burdensome and so costly for trustees and pensions administrators to process."

Butcher added: "We charge a single fixed fee for each claim with no other charges."

This comes after industry figures told Cover sister title Professional Pensions that administrating death in service benefits were fraught with difficulty, often involving extensive data gathering and uncomfortable involvement in family feuds over inheriting benefits.

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• Topics
• Employee Benefits
• Life insurance