| 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, 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.
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