Aon: Employers with group risk need to comply with OPRA regulations

  OPRA is the new term for salary sacrifice and with this change comes the concept of Type A and Type B arrangements. The Finance Bill 2017 has now received Royal Assent, making it the Finance Act 2017 and while many original clauses were cut, the OPRA elements have remained largely intact. Aon warned in March that the measures, which came into effect on 6 April, could create significant and costly changes for employers. Aon says that organisations need to be aware of the remaining difference in treatment for life assurance provided on a registered and excepted basis. They al...