Death in Service Scheme

It’s never something you want to think about, nor easy to discuss, however we wanted to remind all employees of the ‘Death in Service’ scheme we have in place at LB Group…..just in case the worst should happen to you whilst you’re working with us.

Open to all those who successfully pass their probation, this scheme will ensure your loved ones not only receive some financial help, but also a range of other counselling and support services to help them through what would be a very upsetting time. The provision of this benefit is tax free.

In the first instance, your beneficiaries will receive a tax free lump sum payment equal to your year’s salary (or as a member of our senior management team x2 your year’s salary, or as an Associate Director x3 your year’s salary).

As well as this, we want you to be reassured that we’ll help look after your family in other ways too. Our policy also offers them access to not only emotional support and counselling, but also help with financial, practical and legal issues that may arise.

Through a range of channels, this advice, as well as support for other areas such as arranging the right care for elderly relatives or receiving some mental health assistance, is on hand through the new Health Assured package. It’s part of our wider focus on the wellbeing of all our staff.

We know it’s not a plan you want to be making, but we also know how important this support can be for your family in the most difficult of times.

If your circumstances have changed and you would like to amend the details on your ‘Expression of Wish’ form, please contact Daisy Warner or Clare Wilson at internal.hr@lbgroupltd.com