Legal & General Group Risk update issued

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Legal & General Group Risk update issued

Independent financial advisers (IFAs) have been provided with an update regarding the Legal & General Group Risk range of insurance.

The update has been issued in order to clarify any potential implications that the pension changes due on April 6th, or A-Day as it has been named, could have on the company's insurance products.

A summary of the possible effects that A-Day could have on the company's group death-in-service scheme had previously been given to IFAs.

This new report is intended to elucidate on the possible changes to the group life benefit offered by Legal & General.

Options open to employers regarding the dependants' death-in-service benefit are also included in the statement.

Group Risk sales and marketing director Glenn Laming said: "We believe that this special update on Group Risk issues ahead of A-Day and particularly the scheme design scenarios, will help IFAs make the transition to the new tax regime as smooth as possible for their clients."

The company has also offered a flowchart to advisers which can be used to explain any forthcoming changes to their clients.

This chart, along with a copy of the Legal & General Group Risk update, can be obtained through IFAs' contacts at the company, or by telephone or e-mail.

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