Since the launch of our refreshed GIP proposition in 2014, the termination age options for employers has been ‘65’ or ’65 or State Pension Age (SPA), whichever is later’.
As part of our continuous improvement approach, we have extended our termination age options, so that an employer can select 65, 66, 67, 68, 69 or 70 as a termination age for their policy / membership category. The option to select dynamic or fixed SPA as a termination remains.
This is great news for our customers, offering them greater flexibility, and enables us to meet the needs of a continually ageing workforce. This enhancement also allows us to quote for previously declined opportunities and help more customers.