MetLife enhances master trust for SMEs

MetLife UK has added an excepted group life master trust to its existing registered group life master trust to help small-to-medium enterprise (SME) employers provide death in service to employers. The move is envisioned to reduce barriers to SMEs deterred from offering life cover to staff due to concerns over the potential administrative burden of running a scheme. MetLife UK launched registered master trusts in 2013 and it now has more than 1500 employers participating in the scheme which is designed to provide life cover in a flexible format and reduce work for employers. It ens...