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