Group benefits exception included in DRA removal

It should mean that businesses presently offering benefits such as income protection or private medical insurance to their workforce will be able to restrict eligibility to those under the previous retirement age. The announcement is likely to provide a huge sigh of relief for the industry which had feared huge premium increases and compliance issues for companies could result in a significant hit to the market. The government said it would help employers adapt to the removal of the DRA by introducing "an exception so that there are not unintended consequences for employers that curre...