Advisers exposed to potential group life losses

Should any group life scheme suffer a death in service without amending its trustee rules to reflect the HMRC changes on 6 April it could result in advisers being held liable, John Kerr warned. Kerr, director of Kerr Henderson Financial Services, told COVER he fears the lack of awareness and action to address the removal of the notional cap on death in service benefits could backfire on scheme advisers if they fail to warn clients. "All advisers should be contacting their clients to look at this," he said. "We've been through our client bank to try to identify which schemes are pre...