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Pension simplification allows clients to be the sole signatories to their investments, it also dispels with the requirement for a pensioneer trustee and allows greater pension flexibility. If your scheme is not making the most of pension simplification then our takeover service could be for you.
1. Removal of previous Pensioneer Trustee
We provide a takeover deed which removes the current pensioneer trustee and leaves only the member trustees in place.
2. Update Authorities
We will contact each investment provider to update the changes to the trust. Only the member trustees are the signatories to their investments, not us. If necessary, for land and property, we will help with the update of any title deeds and will notify the mortgage company.
3. Update SSAS Records
To ensure smooth administration going forward we ensure that all changes are reported to HMRC and the Pensions Regulator. We also update the Data Protection Registrar.
4. Full Trustee Report
We review all investments and transactions over the previous tax year. Our comprehensive review process ensures that tax penalties are minimised. We will issue a trustee report containing the changes that have been made and will return any original documents back to the trustees by secure mail.
5. Simplified and low cost
Clear and simple ensures that the transition is carried out with minimum recourse to the outgoing administrator. This avoids unnecessary costs being raised by the outgoing administrator.
Pension Practitioner .Com offers a radical change to the traditional approach on small schemes for business, we think that you will find our approach a compelling reason to move to us.
You can download our fact sheet on scheme takeovers. We have produced a full takeover guide for you. You can also call us at no cost to you on 0800 634 4862 for a chat if you are unhappy with your current provider, or simply complete our online form and we will get working for you straightaway.