Company Pension Planning

The Background

  • Retail business owners - couple age c40 yrs

 

The Issues

  • Successful retail business - ltd co - husband & wife team - early 40s
     
  • Funding company pension for 8 years so out of early encashment penalty regime
     
  • Old pension product costly and uncompetitive
     
  • Funds growing and conscious of counterparty risk

 

The Solutions

  • Re-broked pension in market
     
  • Full risk profiling carried out
     
  • Split funds between 3 different providers
     
  • Funds diversified in asset allocation model
     
  • Achieved better management charges on funds
     
  • Initial uplift of c3% achieved for client on restructure (circa€18-20k benefit in fund value)
     
  • Back into early encashment penalties for next 5/6 years but not a problem due to age profile