Corporate Clients
Our corporate advice service aims to help company directors and business owners cope with the ever increasing complexity, responsibility and financial burden associated with running their business.
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At PHFS Wealth Management we understand the obligations and responsibilities involved in running a business. Through our Corporate Advice Service we can advise business owners to ensure they protect their business and comply with new legislation. The areas we can assist with are:
Keyman and Shareholder Protection
Keyman cover is normally taken out by the directors or partners of a company to cover key persons who work for them. If a key person falls ill or dies it may leave the company with a dilemma in trying to replace that person with someone of the same quality. The company normally takes out the policy on the life of the member of staff, and benefits can be made payable to the company or possibly dependants. The level of cover needed is determined by the person’s salary and how long it is estimated it would take to replace him or her.
Shareholder or director protection is similar to keyman cover but provides funds to buy the company shares if a shareholder dies or becomes seriously ill. The objectives of shareholder protection are two fold. It is to ensure that funds are available to buy the shares from the shareholder or their estate so that the share value can be turned into cash and to ensure that these funds are paid to those people who want to buy the shares.
Pension Advice
Are you a business owner, company director or trustee with responsibility for providing a pension? Do you understand your pension obligations and if you’re existing scheme is right for your business? Given the shifting investment landscape, changes in pension laws and enhanced legislative duties, effective pension planning is now more important than ever.
The coalition government is to press ahead with a Labour scheme to force all UK firms, regardless of size, to automatically enrol their staff into a pension scheme starting from 2012.
Every employer, large and small, will have to participate. It will mean that hundreds of thousands of small firms that currently do not offer or pay into a pension scheme will have to begin making payments.
Our pension advice and management service cuts through the confusion. We take time to understand your needs and recommend an appropriate pension solution with the help of our structured Financial Planning Process. We also help to launch the scheme to your employees and provide on-going support.
