Omnilife Insurance Company Limited has launched a registered group life master trust in conjunction with PTL.
Barry Waring, group risk sales manager at Omnilife said the insurer "is looking to provide a one stop shop for group risk business."
PTL, a provider of professional trusteeship and governance services, has been appointed as trustee to the master trust.
PTL has significant experience of group life master trusts and dealing with life assurance claims. These are handled by a specialist team, offering employers peace of mind by removing the substantial responsibility of determining beneficiaries.
The master trust solution will be available for registered group life schemes and will be free of charge to companies with a group life scheme with Omnilife.