Press release 16 February 2021.
DAM has joined GRiD to ensure they keep up to date with the latest group risk industry and regulatory developments and improvements so they can offer the best service to their clients, and ensure they’re ahead of the game when it comes to competitors.
DAM sees group risk benefits as an essential part of any employer’s core employee benefits package. Following pensions auto enrolment, employers are now looking for wider benefits to enhance the overall package and to support retention and recruitment. It’s also important for employees with substantial pension pots to know that they can be part of an employer-funded life assurance scheme via an excepted scheme, so the benefit doesn’t form part of the Lifetime Allowance calculations, so expertise in group risk is vital.
In addition, all the imbedded support that often comes with group risk benefits helps advisers provide a wider health and wellbeing solution to employers. As Lorraine Kellie, Managing Director of DAM said: ‘Employee wellbeing is vitally important and is forefront of our clients’ minds just now, whether that be financial, mental, physical or emotional wellbeing, and we feel that pensions and group risk with all the ancillary benefits that come with these products are a must for all caring employers. Being part of GRiD will help us keep our finger on the pulse of the latest developments, and that will ultimately benefit our clients.’
Paul White, chair of GRiD said: ‘A major benefit of being a member of GRiD is the credibility it provides, and that gives confidence to our members’ clients. We have a wealth of expertise within our organisation and GRiD provides a great forum to share it. We very much welcome DAM into our fold and look forward to working together.’
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For further information please contact:
SMUK Marketing and PR
Mob: 07747 611773
Land: 01252 843350
Spokesperson for GRiD
Mob: 07887 512508
Notes for editors
Group Risk Development (GRiD) is the industry body for the group risk sector, promoting the value to UK businesses of providing financial protection for their staff, enhancing their wellbeing and improving employee engagement. Our membership includes insurers, reinsurers, intermediaries and those operating in (or with other interests in) the UK group risk market. Together this forms a collective wealth of experience built over many years. Under the chairmanship of Paul White (head of technical, Howden Employee Benefits & Wellbeing) GRiD aims to promote group risk through a collective voice to Government, policymakers, stakeholders and employers.
GRiD works with government departments and regulators involved in legislation and regulation affecting group risk benefits, and with other organisations involved in the benefits and financial protection arenas. GRiD also seeks to enhance the industry's standing by encouraging best practice and by participating in industry-wide initiatives such as the professional qualification in group risk managed jointly with the Chartered Insurance Institute.
GRiD’s media activity aims to generate a wider awareness and understanding of group risk products and their benefits for employers and employees.
GRiD's dedicated spokesperson, Katharine Moxham, provides expert media comment on a full range of group risk issues.
Follow Katharine Moxham on Twitter @KMoxham