CONTACT - Guernsey Chamber of Commerce
CONTACT - Guernsey Chamber of Commerce
CONTACT - Guernsey Chamber of Commerce
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New <strong>of</strong>fering to<br />
help fund retirement<br />
An unusual addition to the island’s pension provision<br />
options is expected to prove popular for Sydney<br />
Charles Financial Services Ltd.<br />
The company has just launched an innovative Rats<br />
(Retirement Annuity Trust Scheme) which gives members<br />
a multi-choice <strong>of</strong> fund managers. It has coupled this with<br />
reduced annual management charges and free transfer<br />
into it from existing schemes.<br />
Sydney Charles has brought together <strong>Guernsey</strong> fund<br />
providers Cenkos Channel Islands and Spearpoint with<br />
leading UK specialist asset managers, Williams de Broë.<br />
‘We are keen to ensure that the investment platform on<br />
<strong>of</strong>fer is as broad as possible,’ said Sydney Charles Chairman<br />
Philip Lepp.<br />
Founded as an insurance business, Sydney Charles recently<br />
expanded into financial services in response to demand<br />
from clients.<br />
‘As far as we can tell, our Rats scheme is the only one <strong>of</strong> its<br />
kind and we believe that its greater fund diversification<br />
should provide excellent potential for investment growth,’<br />
said Mr Lepp. He pointed out that strategies from multiple<br />
managers are a rare <strong>of</strong>fer, and believes that by working<br />
with these leading local fund providers, anyone taking out<br />
this type <strong>of</strong> scheme has an advantage over those with a<br />
single manager. The fund’s trustees are Provident Financial<br />
Services. ‘We are delighted to be working with such<br />
� Greater fund diversification<br />
� Multi-choice <strong>of</strong> fund managers (Cenkos/Spearpoint/Williams De Broë)<br />
� No additional charges from Sydney Charles for incoming pension transfers<br />
� Optional discretionary management<br />
� Suitable for corporate, employed, self-employed and individuals<br />
� Designed specifically for <strong>Guernsey</strong> residents<br />
Contact Greg Gettings or Andrew Metcalf on 739970,<br />
or email greg.gettings@sydneycharles.co.uk or<br />
andrew.metcalf@sydneycharles.co.uk<br />
Licensed by the <strong>Guernsey</strong> Financial Services Commission<br />
for Insurance and Investment Business<br />
prestigious strategic partners,’ he added.<br />
He explained that the tax-efficient scheme, designed<br />
specifically for <strong>Guernsey</strong> residents, has a large amount<br />
<strong>of</strong> flexibility making it suitable for corporate members,<br />
employed or self employed workers and individual<br />
investors. ‘I think people appreciate the transparency and<br />
the fact that we give them as much investment choice<br />
as possible. We are also conscious <strong>of</strong> today’s market and<br />
have coupled what we believe is an innovative <strong>of</strong>fer with<br />
reduced charges,’ he concluded.<br />
About Sydney Charles<br />
The company was founded by Philip Lepp four years ago.<br />
It works internationally in the insurance and financial<br />
services sectors, including pensions, investments<br />
and mortgages.<br />
Insurance services range from standard policies such<br />
as employers’ liability and pr<strong>of</strong>essional indemnity, to<br />
more specialised <strong>of</strong>ferings, including kidnap and ransom<br />
insurance.<br />
The company takes a particular pride in handling complex<br />
and unusual requirements and also has a broad, general<br />
client base.<br />
The Sydney Charles Retirement Annuity Trust Scheme
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