Some of the UK’s largest employers are reportedly looking at whether to scrap a pension benefit, which pays out lump sums to the families of workers who die while in service. Pensions consultancy, WTW which advises some of the UK’s biggest companies, said 87% of clients it had spoken to were now reviewing the so-called death-in-service benefit, in preparation for upcoming changes to inheritance tax.

In her maiden Budget, Reeves said any unused pension funds and death benefits will be subject…