Our Services

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

We can 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
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?

Contact Hanover Director and Consulting Actuary, Robert Young

How does it 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?

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?

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

The services we provides include:

Thorough and on-going assessment of a client’s financial circumstances
Advice on the suitability of existing financial arrangements
Strategic advice on financial objectives and long term financial goals
An investment solution which aims to provide you with optimum results for clients
On-going review and monitoring, all of which is communicated to you on a regular basis

Typical investment wrappers:

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

Hanover Financial Management Limited is an appointed representative of Culver Financial Management Limited which is authorised and regulated by the Financial Conduct Authority No. 114852. Hanover Financial Management Limited is registered in England and Wales with number 8586887. 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.

Examples of the protection plans we can advise and help you with are:

Term assurance
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

Hanover Financial Management Limited is an appointed representative of Culver Financial Management Limited which is authorised and regulated by the Financial Conduct Authority No. 114852. Hanover Financial Management Limited is registered in England and Wales with number 8586887. 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.