Careful cultivation of wealth...
Whilst the need for protection against loss or damage to the material assets of a business is understood, the extent to which a company depends on its people is often unrecognised and under-valued. As a part of our corporate solutions, Argyll offers a complete Financial Planning Service. This assists businesses to review and implement necessary changes, thereby cultivating financial security for Directors and employees alike.
The right blend of planning, attention to detail and expert knowledge...
Although legislation changes in recent years has improved employees' rights and benefits, it has also imposed additional liabilities and conditions upon employers and trustees; a trend set to continue. Argyll's experienced and qualified staff specialise in the corporate market and work closely with customers to design, plan and implement solutions that best suit their business needs.
Argyll considers it a key function to assist its clients in making informed decisions. Regular monitoring and reviews will ensure that arrangements continue to meet changing needs. Furthermore, as Independent Financial Advisers, authorised and regulated by the Financial Services Authority, we are committed to maximising the benefits to our clients and their staff by tailoring the most appropriate, tax efficient and cost effective solutions.
Services and specialisms
Companies may be looking to implement a new range of employee benefits or wish to carry out a review of existing arrangements. Their requirements might be restricted to just providing for their company executives or possibly the business as a whole. Whatever aspect of employee benefits are required, Argyll can assist at every stage of the process. Some of the areas that Argyll can help businesses to consider include:
Strategic Employee benefit reviews
From the review of existing schemes to the design and implementation of completely new ones, we help our clients to maintain competitiveness in the job market. We recognise the need for employees to fully understand and appreciate their benefits and we work closely with our clients to ensure that this happens. Roll-out of a new scheme typically involves the use of a combination of methods - e-mail, paper, intranet, employee presentations and one-to-one advice
Flexible and voluntary benefits
When considering employee benefits, flexibility and choice are key issues. The old 'one size fits all' package is no longer considered good enough. Many employers look to enhance their 'benefits offering' with minimum risk and cost. Whether a business is looking to introduce a simple low cost voluntary solution or a more comprehensive platform, Argyll has the knowledge and experience to ensure a painless and smooth implementation.
Group Personal Pensions and Stakeholder Pensions
Thanks to Argyll's well established relationships with all of the major insurers, pension providers, administrators and fund managers, we are able to guide our clients to the provider that best suits their needs based upon clearly defined business objectives.
Is your business prepared to reap the rewards it has worked so hard for?
Financial Planning for Directors and Executives
Strategic planning is essential to ensure that key Directors and Executives are remunerated effectively. With salaries, bonuses and most benefits in kind subject to Income Tax and National Insurance Contributions, significant reductions in take home pay result. Business owners also face the ongoing problem of how to draw benefits including the use of dividends. Argyll can advise upon the best strategy to adopt in order to reduce the potential 'losses' to the tax man.
Retirement and Redundancy Counselling
Early retirement and redundancy programmes have become regular and essential management tools to cope with volatility in business markets. When confronted with such life changing events, employees increasingly look to their employers to provide objective advice and support, not only in financial matters but across a whole range of issues. How the employer responds to the challenge affects not only those employees leaving but the morale and loyalty of the remaining workforce too. Argyll can assist with this sensitive area thereby softening the impact upon the business.
Group Death in Service, Disability and Medical Schemes
The cost of these products continually fluctuates with new product launches, new providers entering the market and existing providers making strategic decisions regarding their levels of exposure. Argyll's service in this area and our ability to manage risk, often secures significant cost savings.
Key Person Cover, shareholder, Partner and Loan Protection
To lose a Director or key employee as a result of death or major illness can have a major impact upon the bottom line. It could even result in the business being wound up or taken over. This is an area often overlooked, but Argyll assists clients to guard against the very considerable risks. High value protection can be fairly inexpensive and, even if you have existing cover, a review could well result in cost savings.
Helping you to keep up with an ever changing legislative landscape...
Keeping clients updated
Argyll's ongoing service provides clients with continuous reviews, newsletters and updates regarding important changes in legislation. Examples of previous alterations in the law which might have had an effect upon your situation include issues such as major amendments to pension's legislation (A Day), pension Trustee responsibilities and new 'Age Discrimination' laws. Argyll's qualified team undertakes to monitor such developments and to highlight the impact that they may have upon our customers.
Support for Accountancy and Legal professionals
Argyll values the strong working relationships with local Accountancy and Solicitor practices that it has developed over the last thirty years. Now accredited by the Law Society, Argyll can deliver seminars and hold workshops to assist with diverse and complex issues in relation to tax and financial planning. Argyll offers a holistic approach to these topics, specialising in before and after-the-event retirement planning, inheritance tax, general tax arrangements and the provision of life assurance. Additionally Argyll can provide up to date advice regarding Trustee investments through our in-house Trustee Review Service.
