The Family asset PENSioN TRuST

Transcription

1 The Family asset PENSioN TRuST information FoR EmPLoyERS The Family Asset Pension Trust PSTR RD Family Asset Protection Company (Scotland) Limited 4th Floor, 166 Buchanan Street, Glasgow, G1 2LW Tel: Family Asset Protection Company (Scotland) Ltd Registered in Scotland No. SC VAT No /214/EB 7.14

2 We at Family Asset Protection Company are constantly looking for ways to provide support to small to medium sized businesses. The advent of the new mandatory workplace pension regime involves the automatic enrolment by employers of all eligible jobholders on a phased basis, according to an employer s PAyE numbers as at 1st April This 5 year process has already begun and is scheduled to be completed by october 2017.This represents an imminent challenge for all businesses that we want to help you meet. your financial adviser will assist you in this process. We have partnered with specialist firms to deliver the Family Asset Protection Company proposition: Carey Pensions UK will provide the administration of the pension scheme, And Carey Pension Trustees uk Ltd will provide the trusteeship and oversee the corporate governance of the master Trust. Quilter Cheviot, one of the uk s leading discretionary fund managers will provide investment fund management and a high quality investment process for every member of the scheme. The Scheme trustees have approved this award winning firm to provide the investment management for both the default and selected strategies. The default strategy is a fundamental requirement under the auto enrolment legislation. Forth Communication will provide a software platform that will manage all of your Employer obligations automatically and efficiently. our unbundled proposition facilitates management and maximises cost efficiency. it provides a simple enrolment process to ensure compliance with the timetable laid down by the Government for auto-enrolment.

3 WelCome To ThE FAmiLy ASSET PENSioN TRuST The Family Asset Pension Trust is specifically tailored to meet the needs of small to medium sized businesses across the country. it is designed to ensure that employers comply with their auto-enrolment obligations to provide a qualifying workplace pension scheme for all of their employees. The Family Asset Pension Trust can be tailored to suit the different shape and size of any business throughout the uk. By establishing partnerships with specialist firms The Family Asset Pension Trust delivers a comprehensive and uncomplicated end to end managed solution to the auto enrolment challenge facing every employer in the uk. Key FeaTUres of ThE FAmiLy ASSET PENSioN TRuST: Provides a Qualifying Workplace Pension scheme Easy to establish Specialist pension administrator and trustee Specialist investment manager Flexible and transparent Provides on-line access Fully compliant auto-enrolment capability Fully compliant Pensions Regulator reporting Professional partnerships Provides a fully managed software package to ensure compliance with the auto enrolment legislation The Family asset PENSioN TRuST The Family Asset Pension Trust is a uk registered master Trust occupational Defined Contribution Scheme. The administrator of the Family Asset Pension Trust is Carey Pensions uk, an independent pensions specialist, providing dedicated support, technology and administration, fully compliant for auto-enrolment. The trustee of the Family Asset Pension Trust is Carey Pension Trustees uk Ltd, providing professional trusteeship and corporate governance in line with the Trust Deed and Rules and regulatory requirements. Key reasons FoR using ThE FAmiLy ASSET PENSioN TRuST Simple sign up documentation implementation manager Dedicated scheme administrator on-line facilities Fully compliant documentation suite Transparent charging member helpline Technical training and support The Family asset PENSioN TRuST investment SoLuTioN The Family Asset Pension Trust have developed a dedicated investment solution for members of company pension schemes. This has been presented to, and approved by, the Trustees of the scheme. Quilter Cheviot will manage the range of investments available for the Family Asset Pension Trust. Default strategy (Age appropriate managed investment strategy) if members do not select a pension strategy their payments will be invested using our lifestyle and age related default strategy. The portfolios have been age segmented in the belief that younger employees may have a higher risk threshold than a prospective retiree who may have a lower risk/return appetite. The portfolios offered have been constructed to meet a range of risk/returns covering the scale of low to high risk adjusted returns. This default strategy operates by moving members pension investments from higher risk/return portfolio s to lower risk/return portfolio s as they move closer to retirement. The age segmentation for the movement of funds between portfolio s is stated below: Age 17-45: Growth Portfolio Age 46-55: Balanced Portfolio Age 56-70: Balanced Portfolio with 5% per annum allocated from the Balanced to the Defensive portfolio until age 71 when it becomes a 100% Defensive portfolio. Age Defensive Portfolio

4 Discretionary model Portfolios investment options explanation (Self selected managed portfolios) The 5 investment options available are designed to let members tailor their pension investment to suit their attitude to risk and lifestyle. members can choose to invest in one single option or a combination of different options. Quilter Cheviot Bespoke Portfolios (investment strategies tailored to individual requirements) members with pension funds in excess of 500,000 can opt to have an individual bespoke portfolio. This bespoke portfolio will be managed by an investment manager who will tailor the portfolio to the client s unique requirements. The portfolio will strive to outperform the clients chosen benchmark and the investment manager will personally review the portfolio annually with the client and his adviser. Conservative Defensive The asset allocation of each of these strategies is: A conservative investor will have a low tolerance to fluctuations in capital value and is more concerned with capital preservation than growing the portfolio significantly. The portfolio is suitable for an investor with an investment time horizon of a minimum of 3 years. A defensive investor will have a very low tolerance to fluctuation in capital value and is very concerned about the preservation of and accessibility to their pension at retirement. investment options Adventurous Growth Balanced explanation An adventurous investor is willing to accept a very high level of risk in return for higher returns over the longer term. This investor is willing to accept a significant amount of fluctuation in the value of their investments. The portfolio is suitable for an investor with an investment time horizon of a minimum of 10 years. An investor in this category is willing to accept a higher level of risk in return for higher returns over the longer term. This investor is willing to accept fluctuation in the value of their investments. The portfolio is suitable for an investor with an investment time horizon of a minimum of 7 years. A balanced investor is looking for a balance between risk and reward and has an attitude to risk which can withstand some fluctuation in capital value. The portfolio is suitable for an investor with an investment time horizon of a minimum of 5 years asset Category Defensive Conservative Balanced Growth adventurous % % % % % Cash Fixed interest UK equities overseas equities hedge/absolute return Funds Commercial Property Total As at July 2014

5 about QuiLTER ChEVioT Quilter Cheviot is a highly respected national firm of investment managers who specialise in pension and private client investment. Quilter Cheviot have a history that dates back to 1771 and its credentials include being a founder member of the London Stock Exchange. Quilter Cheviot are independently owned an increasingly rare trait amongst their peers. With no potential conflicts of interest, Quilter Cheviot are able to put clients needs at the heart of their business Quilter Cheviot s research team and their operations are all in-house. The development of their proprietary investment management system reflects Quilter Cheviot s client focus As at 30th April 2014, Quilter Cheviot had approximately 15.5 billion of funds under management Quilter Cheviot employ more than 522 staff across their London head office and network of 12 regional offices in Belfast, Birmingham, Bristol, Dublin, Edinburgh, Glasgow, Jersey, Leicester, Liverpool, manchester, NW Wales and Salisbury. about CAREy PENSioNS uk Carey Pensions uk is part of Carey Group which traces its origins back over 40 years and whose principle shareholders are ten partners of one of the largest international law firms in the Channel islands,carey olsen. Carey s are independent providers of specialist onshore and offshore administration and trustee services for pension schemes, trusts, funds and other related areas. Carey Group administers pensions schemes for over 50,000 members and has close to a billion assets under administration. Carey Group can provide pension schemes for the corporate workplace for uk and international companies. about FAmiLy ASSET PRoTECTioN ComPANy Family Asset Protection Company is the provider of a Workplace pension solution to help employers meet the imminent challenge of Workplace Pensions and Auto Enrolment. Family Asset Protection Company has established a unique partnership with specialists in their field to bring the Family Asset Pension Trust to the marketplace. Family Asset Protection Company is also a provider of estate planning services and every member of the Family Asset Pension Trust will be provided with a set of Wills for themselves and their partners at no cost to them. about FoRTh CommuNiCATioN Forth Communication has spent over 20 years developing their skills and expertise to make sure they offer clients the best solutions to their communication challenges. They have a record of helping clients achieve targeted and effective customer communications, which is an essential part of satisfying your auto enrolment obligations. Forth Communication has particular strengths in the finance sector, providing communication delivery for several well known financial services institutions. The team at Forth is continually growing and we at Family Asset Protection Company are delighted to be in partnership with this innovative and progressive provider of software solutions. F O R T H Carey Pensions uk is an independent specialist pension administration and trustee providing a range of pension solutions for both corporate and individuals. The uk business has a specialist pension team of 30 staff operating from its head office in milton Keynes.

6 The ParTnershiP WiLL PRoViDE: Demo technology on administration processes A member document template integrated approach to pensions administration and investment A full documentation suite A platform for auto-enrolment Don t delay, speak to us about this Workplace Auto Enrolment Pension proposition and book your consultation now.