Technical question for an expert who knows his stuff !
If an employee has death in service (DIS) cover with a company scheme which is not an excepted scheme, then any proceeds counts towards the lifetime allowance.
If an employee had fixed and/or enhanced protection, which was established after they became eligible to DIS benefit, would a change to the DIS insurer (which resulted in a new trust deed being established, but not a change to the level of benefit), change the validity of the enhanced protection ?
An employee suggests it would, but surely this means that any company which negotiates better DIS terms with another insurer presents a big problem to any affected employees !
Regards
Dave-A
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