Employers should review age levels on GIP policies - L&G

The provider, which is holding a financial adviser webinar on Friday, will note the increase in state pension ages could leave employers who provide group income protection benefits with financial difficulties if they do not update their policies. The abolition of the default retirement age will mean that employers can no longer make employees retire at 65. It also means that employers must not use age as a reason not to provide benefits or provide different levels of benefits to employees. Although an exemption in the regulations means employers are not obliged to provide insured gro...