 | | |  | 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.
| | | - Removal of previous Pensioneer Trustee
We provide a takeover deed and which removes the current pensioneer trustee and leaves only the member trustees in place.
- Ensure that investments are in the member trustees only
We ensure that the pensioneer trustee is removed and that all investments are in the names of the member trustees. Only the member trustees are the signatories to their investments, not us.
- Updating the scheme 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.
- Avoid tax penalties
We review all investments and transactions over the previous tax year. Our comprehensive review process ensures that tax penalties are minimised.
- Simplified and low cost
Clear, simple and sound documentation 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. To download your takeover guide click here. Call us at no cost to you on 0800 634 4862 for an informal chat if you are unhappy with your current provider. |
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