Companies & Corporate Services
With ever mounting pressures on companies and directors from the ever changing ‘red tape’ to employee demands, it is no wonder that as directors you have little time to explore your options.
It is often said that people are the most important asset of a business. You may well have some insurance in place to cover any potential losses should anything happen to buildings, machinery or vehicles, but what would be the financial consequences following a loss of a “key person” to the business.
Most companies can identify a few key individuals without whom the profitability of the company, contacts in the market place and sales would be severely affected if they were to die prematurely or suffer a serious illness or disability which prevented them from continuing in their role.
The loss of a major shareholder or partner can cause severe liquidity problems if lump sum payments have to be made for the purchase of shares or a partnership, or it could affect borrowing and a loss of confidence in the company
This is where we can help.
After discussing with you your objectives and concerns, we will be able to provide solutions for:
- Executive Permanent Health Insurance
- Key Person Insurance
- Partnership/Shareholder Protection
We can also help when it comes to providing pension schemes and retirement planning, especially when considering the new legislation that will be implemented in 2012 forcing companies and employees to contribute to pension plans (Please click here to see more information on this issue). or whether it is looking to your own retirement or providing for your employees. Pension planning is a changing landscape, and schemes that were set up in the past may no longer be suitable for your needs. Added to this the Pensions Act 2004 has brought in new responsibilities for employers and trustees of occupational pension schemes which will add time and work to overstretched resources.
We can review the suitability of existing schemes and advise on new plans including
- Occupational pensions including Executive Pension Plans, CIMPs, COMPs and Defined Benefit schemes.
- Pensions for self investment including Small Self Administered Schemes (SSAS) and Self Invested Personal Pensions (SIPP)
- Group Personal and Stakeholder Pension plans
We understand what it takes to run a business smoothly, and appreciate just how difficult it can be to find enough time for effective financial planning. However, failing to do so could jeopardise your company’s future so we offer advice on a range of matters.
Further information can be provided upon request.