A hassle-free way for your clients to wind up a workplace pension scheme
What is our Trustee Buy Out Plan?
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.
With TBOP, your clients can remove their liability when winding up a workplace pension scheme. This helps to keep the process as simple as possible without the need for member consent. It also offers your clients peace of mind by complying fully with the winding up regulations of all the relevant legislation.
Benefits to you and your clients
Simple and compliant
Our solution removes obligations from trustees and doesn’t require member consent. This streamlines the buy-out process to save your clients’ time and reduce effort.
Flexible
Our buy-out solution is cost-effective as it works as a standalone product. It can also be used alongside clients’ other workplace pension scheme products.
Earmarked benefits
Scheme members will have individual policies for their own benefit, meaning they have more control over when and how they take their benefits.
Potential Inheritance Tax (IHT) advantages
Each individual policy is written under trust. This means that the death benefit would not normally be liable to IHT.
Get a quote
Log in to our adviser online services to request a quote. We also support Unipass Certificate log in.
More trust based solutions
We have helped advisers deliver trust based solutions to UK businesses for years. We offer a flexible approach that gives your clients the freedom to offer schemes that match their members’ needs.
Our trust based pension
This option is suitable for companies setting up new DC schemes, moving schemes from another provider and more.
Our master trust solution
This option combines the best features of our trust and contract based schemes. It provides governance and oversight by independent and experienced Trustees. It also allows access to in-scheme drawdown which include investment pathways.
The value of investments can go down as well as up, and your clients could get back less than was paid in. Laws and tax rules may change in the future. A client's personal circumstances and where they live in the UK will also have an impact on tax treatment.
Product news
- International Bond – Regular Fixed Charge increase
25 May 2022 - International Bond – E-Signatory proposition – what’s changing?
22 March 2022 - International Bond – Regular Fixed Charge increase
24 February 2022 - Market outlook: infection rates, inflation and interest rates
08 February 2022 - UK with-profits bonus review – 1 February 2022
01 February 2022
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.
