case studies

Business

Motor Industry

Background - Director’s Private Medical Insurance/Death in Service Group Personal Pension plan 34 staff Son and Daughter involved in running business.

Challenges

1. Small Self Administered Scheme (SSAS) – disorganised, excessive paperwork Poorly structured portfolio
2. Director’s schemes never reviewed and Didn’t include main business owner (age)
3. Staff issues/concerns

What we did

1. Restructure SSAS assets, systemised paperwork
2. Reviewed all schemes
3. Introduced staff consultation

The Results

1. Directors have better control/understanding of SSAS
2. Business owner fully covered. Schemes restructured. Saving £3,200pa
3. Increased staff awareness and reduced anxiety