Full support
- Innovative range of investment options
- UK based admin and support teams
- Insight driven employee communications
- Secure online servicing
- Market-leading technology
Overview
The Trustee Buy Out Plan (TBOP) acts as a ‘bulk section 32 buy out’. It gives employers and trustees a hassle-free way to wind-up a scheme, as well as security and peace of mind.
TBOP assists employers and trustees to discharge their liability on the winding-up of a company pension scheme. It offers them a straightforward process that requires no member consent and complies with the winding up regulations of the relevant legislation.
Features of the TBOP:
- Simple and compliant – removes trustee obligations and doesn’t require member consent
- Flexible – can operate as a standalone product or alongside another product for ongoing payments
- Earmarked benefits – members can have individual policies for their own benefits
- Potential Inheritance Tax (IHT) advantages - individual policies are written under trust, which means that the death benefit will not normally be liable to IHT
Literature
button if you want to add a favourite. Click on the
button if you want to remove a document from the list. Product news
- Standard Life and Aberdeen Asset Management - update
19 June 2017 - Event – Investing in a post-Defined Benefit world
22 March 2017 - Standard Life Corporate Adviser Event
01 March 2017 - DB to DC Seminar
09 February 2017 - Tax Year End - Important cut off dates
07 February 2017
icon next to the literature of your choice.
The information on this site is for qualified financial advisers and must not be relied on by anyone else. If you are not an adviser please go to our customer website for more information about our products and services.
