DAM is the latest organisation to join GRiD, the trade body for the group risk industry.
GRiD’s aim is to ensure members 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.
A DAM spokesperson said the firm sees group risk benefits as “an essential part of any employer’s core employee benefits package”.
He said: “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.”
Lorraine Kellie, managing director of DAM, said: “Employee wellbeing is vitally important and is at the 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.”
GRiD chair Paul White 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.”