Pension Trustees - ADPP
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06-16-2011, 04:07 PM
(This post was last modified: 06-16-2011 07:21 PM by SanchoFlittee.)
Post: #1
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Pension Trustees - ADPP
On a recent ADPP I noticed that when members were surrendering their benefits, they were also signing documents as Trustees of the scheme.
Baxendale Walker have indicated to me that this is incorrect. NMPJ International Limited should be the only Trustee/Administrator of the scheme and the Directors of the FIDCO should not sign as Trustees. Please see the comments below from --------- of ---------- Trustees on the question of FIDCO Directors also acting as Trustees of the SSAS. My concern here is that if the Revenue were to challenge the structure and seek to impose any charges, these would be on the scheme Trustees. It somewhat defeats the object of the exercise if our clients, i.e. the Directors of FIDCO are also Trustees of the scheme and could be liable for the charge. Quote:Subject: RE: ADPP |
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06-16-2011, 07:26 PM
(This post was last modified: 06-16-2011 07:27 PM by SanchoFlittee.)
Post: #2
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RE: Pension Trustees - ADPP
Your point is right.
It's a bit difficult to understand where the Pensions Administrator is coming from with this:
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