Following on from the significant changes to the pensions landscape and with the growth of master trusts in recent years, there continues to be considerable appetite amongst employers for professional group risk trusteeship and/or death claims assistance.
Group risk schemes continue to grow more complex and time-consuming for employers (and consultants supporting them), particularly in the event of death claims, due to enhanced regulation/compliance, complex family circumstances and the likelihood of beneficiaries being overseas.
RedbruckeDTS solutions for you (via our independent professional trustee company www.dtstrustees.ie):
- Full-service practical, cost-effective professional trusteeship for stand-alone death in service schemes to remove from employers the responsibilities and time expended in meeting regulatory, compliance, and death claims obligations.
- Death Claims service for Employers, Trustee Boards & Administrators who wish to keep trusteeship in-house but require assistance with:
- Interpretation of legal documents (Trust Deed & Rules) & legislation;
- Dealing with complex family units / multiple family units;
- Liaising with solicitors/accountants;
- Complex final remuneration calculations;
- Dealing with the Revenue Commissioners;
- Collating and assessing other benefits for Revenue maximum calculations;
- Use of discretion in making payments to beneficiaries;
- Payments to foreign beneficiaries (increasingly common);
- Payments to minors.
Our experience and expertise enable us to provide practical, relevant and cost-effective solutions with very competitive pricing structures.