Business Services

We advise clients and arrange the setting up of the most appropriate type of pension plan for them:

Directors/Executive Pension - Tailor made pension solutions to complement your business set up. Designed for full flexibility and can include business property. The employer may be able to pay large sums into the pension, up to £40,000 per year, without any complex calculations.

Automatic Enrolment - full guidance and support - Automatic Enrolment is here to stay.

In conjunction with payroll department of Edmund Carr, our parent company, we offer a range of services, from client specific advice and education to pension plan set up and statutory correspondence.

TPR website (for employers):
www.thepensionsregulator.gov.uk/automatic-enrolment.aspx

DWP Website (for employees):
www.pensionsadvisoryservice.org.uk/about-pensions/pensions-basics/automatic-enrolment

Group Personal Pensions - Group personal pensions (GPPs) are a type of defined contribution pension which employers can offer to their workers. As with other types of defined-contribution scheme, members in a GPP build up a personal pension pot, which they then convert into an income at retirement.

It is essentially an investment policy that provides an income in retirement.

What distinguishes a GPP from an individual personal pension plan (PPP) is that the charges levied by the provider under the GPP may be lower than under the equivalent PPP. The provider, because they are dealing with bulk business, may be able to offer a reduction in their normal charges.

Business Loan Protection - Business Loan Protection is either life assurance or life assurance with critical illness cover included.

A policy is taken out on the life of a key individual or individuals so that any money due from a claim can be used to pay towards any outstanding debt or loan.

A lot of lenders insist on it before approving the lending and offer own cover which is in some instances more expensive than the cover available on the open market.

“Key Man” Protection - “Key Man” insurance protects your business against the financial impact of losing a key member of staff. Combine critical illness cover and life insurance to protect against the risk of serious illness and death.