Our services

Employee benefits

Ensure your employee benefits package is robust and cost effective for your business as well as a recruitment and retention tool for your workforce.

 

We can provide you with a comprehensive benefits strategy aligned to your business, employees and budgets. We will tailor any package to ensure the benefits are relevant and appealing to your workforce.

Who do we work with?

We work with a wide range of companies and partnerships from all business sectors. Typically our clients have between 10 and 1000 employees although we have undertaken projects for larger businesses.

In many cases our clients do not have an in-house employee benefit specialist so we work alongside their HR team providing employee benefit manager support.

Who should you contact for more information?

Contact Hanover Director and Consulting Actuary, Robert Young

Disclaimer:

Culver Financial Management Limited is authorised and regulated by the Financial Conduct Authority No. 114852. Culver Financial Management Limited is registered in England and Wales with number 01157569. The Financial Conduct Authority does not regulate tax advice or trusts. The value of investments can fall as well as rise. You may not get back what you invest. The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.

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Financial Management

Our team of experts can provide you with investment advice and ongoing investment management, tailored to your long-term financial goals. Our recommendations, where appropriate, will ensure you have effective retirement plans in place and solutions for passing your wealth on to future generations, as well as mitigating any tax.

Our experts will help you to consider all your options and be your trusted financial management partner.

What services do we provide?

Asset management and wealth preservation services:
  • Pension funds
  • Individual savings accounts
  • Life assurance products
  • Unit trusts, investment trusts and OEICs
  • Legacy PEPs
  • Onshore bonds
  • Offshore funds
  • Portfolios of equities/bonds/gilts

Key Person Insurance

What are the typical investment wrappers?

  • Pension funds
  • Individual savings accounts
  • Life assurance products
  • Unit trusts, investment trusts and OEICs
  • Legacy PEPs
  • Offshore funds
  • Portfolios of shares/bonds/gilts

Why are we different?

We pride ourselves on providing a consistent service and strongly supported investment propositions provided by industry experts.

We match your specific objectives to products and services that are suitable for you both now and into the future.

We act with integrity and operate with full transparency at all times.

Who should you contact for more information?

Director Richard Brazier

Financial Adviser Amanda Beacon

Senior Consultant Graham Smithson

Disclaimer:

Culver Financial Management Limited is authorised and regulated by the Financial Conduct Authority No. 114852. Culver Financial Management Limited is registered in England and Wales with number 01157569. The Financial Conduct Authority does not regulate tax advice or trusts. The value of investments can fall as well as rise. You may not get back what you invest.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.

 

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Pensions and Trusts

Our pension specialists can provide you with pension products to ensure maximum return on your investments in a flexible package, as well as advise on workplace pension schemes.

What services do we provide?

  • Pension funds
  • Unit trusts, investment trusts and OEICs
  • Managing a fund and act as trustees of SSAS, Pension Schemes, Registered Group Life Arrangements and Excepted Group Life Arrangements.

Who should you contact for more information?

Partner & Consulting Actuary, Robert Young

Disclaimer:

Culver Financial Management Limited is authorised and regulated by the Financial Conduct Authority No. 114852. Culver Financial Management Limited is registered in England and Wales with number 01157569. The Financial Conduct Authority does not regulate tax advice or trusts. The value of investments can fall as well as rise. You may not get back what you invest.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.

 

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Actuarial

We advise on a range of issues, ranging from the basic to the highly complex. We know most schemes are keen to minimise liabilities and have a clear oversight of risk.

We can undertake most of the actuarial work that a defined benefit pension scheme may need, and pride ourselves on bringing a straightforward and pragmatic approach to the process.

We’re equipped to prepare bespoke models for complex situations and extend our reports to include consideration of all financial aspects.

What can we help clients with?
 
  • Wind up and management of final salary schemes
  • Pension fund valuations
  • Advice on investment strategy
  • Scheme member and other statutory communications
  • Independent trustee services for final salary and money purchase pension schemes, as well as group life arrangements
  • Advice for final salary and money purchase schemes
  • Advice on investment manager selection
  • Loss calculations for pension and investment complaint cases
  • Pension transfer analysis and advice
  • Actuarial valuations for accounting purposes
  • Actuarial modelling and reporting
  • Pension sharing reports for divorce cases
  • Valuations of loss of earnings and other benefits to assist in employment tribunal cases
  • Risk management, including modelling exercises, actuarial calculations and reporting
  • Nil capital gains tax
  • 25% of benefits paid tax-free
  • PPI mis-selling calculations and advice

Who do we work with?

We work with trustees of defined benefit and defined contribution pension arrangements, the companies sponsoring these pension arrangements as well as working alongside other professional advisers such as accountants, solicitors, financial advisers and banks.

Who should you contact for more information?

Partner & Consulting Actuary, Robert Young

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Life cover

We can advise you on life cover whatever your circumstances. For some clients that could mean covering an outstanding mortgage, for others it could be to ensure provisions are in place to look after their dependents or business partners.

What are some examples of the protection plans we can advise on?

  • Critical illness
  • Income protection
  • Business assurance
  • Key person assurance
  • Shareholder protection
  • Inheritance tax planning

Who should you contact for more information?

Senior Consultant Graham Smithson

Disclaimer:

Culver Financial Management Limited is authorised and regulated by the Financial Conduct Authority No. 114852. Culver Financial Management Limited is registered in England and Wales with number 01157569. The Financial Conduct Authority does not regulate tax advice or trusts.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves. To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.

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SSAS

SSAS is a small employer established pension scheme registered for tax relief by HMRC.

They are usually set up for directors/owners of small to medium size business and their family members.

Members are trustees, so retain control over the pension fund.

A SSAS is very flexible in terms of what you can invest in and what benefits can be paid.

SSAS are similar to a Self Invested Personal Pension (SIPP), but as they have a wider class of available assets and no over-ruling provider, SSAS are more appealing for those who are looking for a bespoke pension arrangement rather than an off the shelf one that might not suit their needs.

How does a SSAS work?

The SSAS is established by a Trust Deed and registered with HMRC.

Each member is appointed as a Trustee to look after the best interests of all members in the scheme.

The Hanover Trustee Company Limited is appointed as an Independent Trustee.

Once the scheme is established and registered with HMRC, members’ pots are funded by tax relievable contributions (usually paid by the employer), and additionally (if members elect to do so) by transfers from other members’ pension arrangements.

Funds are invested with the Member Trustees’ choice of investment provider to achieve capital growth and income.

What are the benefits of an SSAS?

SSAS are particularly well placed to dovetail with employers’ businesses, and subject to legislative requirements can advance loans to the employer on commercial terms, and/or purchase commercial property which can be let back to the employer or unconnected third parties at a commercial rent.

Trustees can also borrow funds in order to assist with asset purchases.

Tax benefits include:

  • Reliefs on pension contributions
  • Tax-free income
  • Nil capital gains tax
  • 25% of benefits paid tax-free
  • Death benefits (lump sums and/or income benefits) paid tax free on death before age 75, and Inheritance Tax free in almost all circumstances

These tax benefits make saving through a pension fund very tax efficient.

Who do we work with and what do we do?

We act as the Independent Trustee of the scheme to ensure that all members’ interests are looked after.

We assist with setting up the scheme and providing all the relevant documentation in order to make the scheme compliant with HMRC rules and obtain the correct HMRC tax registration.

Once the scheme established, we make sure the trustees are compliant with HMRC rules regarding contributions limits, borrowing limits sponsoring employer loans, property rules etc.

We also help with the annual HMRC reporting and any ad-hoc reporting required.

If the SSAS is eligible for registration with The Pensions Regulator, we also deal with this, along with ongoing reporting to The Pensions Regulator.

If a member decides to draw benefits, we can provide the necessary calculations and paperwork to assist the trustees with this work.

We also update clients on any changes in legislation and application for any protections offered by HMRC, which are vital to SSAS clients intending to build up substantial pension funds.

Why are we different?

We offer a one-to-one service; each scheme is dealt with by a dedicated consultant, who is responsible for carrying out all aspects of the pension fund work.

Each consultant takes responsibility for their own work, from start to finish, and will always be the direct contact for their clients.

We know what’s important to you. We are very experienced in our field and so understand the needs of small businesses.

Compliance. We ensure that client proposals meet HMRC approval.

Breadth of offering. We are well placed to offer our clients alternative suggestions to find a solution if and where needed.

Truly independent. Our clients can choose their own bank, accountant investment manager and solicitor – they are not bound by our suppliers of these services.

‘One stop shop’. Through our parent company, the Gordon Dadds Group, we are able to point clients in the right direction for every aspect of their legal and professional needs, both personal and professional.

Who should you contact for more information?

Consultant Nigel Pocock

Consultant Nigel Page

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