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