Four in five companies potentially exposed to 'crippling uninsured' group life liabilities - Grid

Research from the group risk trade body revealed that half of companies plan to take no action and a third are undecided about what to do when the pre A-day rules expire. This inactivity could leave employers risking potentially huge uninsured liabilities on an employee's death. Under previous tax rules schemes were subject to the old HMRC limits (e.g. 4 times "salary" for lump sum death benefits). Additionally, the Earnings Cap (notionally set at £123,600) was introduced in 1989 to set a further limit on the salary that could be used to calculate benefits. However, on 6 April 2...