Insurers deny terms to schemes expanded for AE

Consultants JLT Benefit Solutions, Mercer and Hymans Roberston say they have seen clients denied terms by providers who do not want a mass of low-paid workers making statutory minimum contributions on their books. JLT Benefits Solutions projects director Mark Pemberthy (pictured) said: “Insurance companies are starting to be selective about the types of population that they take into existing and new schemes.” JLT Benefit Solutions head of defined contribution consulting Paul Armitage said insurers were also reviewing the charging structure on existing contracts. Hymans Robertson h...