Business Solutions
The business client can have many similar needs to those of the private individual, though often with a different emphasis. Small and medium-sized businesses may have similar potential problems, which are not usually such an issue for the larger company. All sizes of business might have similar issues around pension provision.
If you run a small / medium company, some of the following questions may already have occurred to you:
- What would we do if one of the partners / directors died?
- Would we have to have their spouse / dependents in the business?
- Would we want that?
- Could we raise the capital to buy them out?
- Even if we could, would we be able to?
- How would we cope if something happened to our top salesman / chief designer / specialist machinist, etc. -his skills are key to most of what we do?
- How much would it cost us to replace his expertise if he was off long-term sick -or even worse, died?
- We'd like to offer some sort of sick-pay scheme, but can't see how we could carry the cost - especially long-term. Is there a scheme which could provide such a thing?
- We'd like to start some sort of pension to reward our employees (or our longer-term, loyal employees). How do we start looking for one?
- How much will it cost us?
- Are there any business advantages?
- What about our own pension plans?
- Is there anything available which is more useful to us and our business?
If you have had any of these thoughts, but haven't known if anything can be done about them, we can tell you that all these issues can be dealt with, and we have the know-how to address any or all of these for you.