News

4
Jul

Gunner & Co. brings you a new retirement offering from Fairstone

Fairstone Group, one of the UK’s largest Chartered Financial Planning firms is working with Gunner & Co. to launch its latest offering, the Fairstone Retirement Plan, which guarantees a long-term annuity pay-out worth a minimum 6 times recurring income.
The newly launched scheme is a flexible 15-year income plan with cash-out options at each 5-year interval. A key aspect of the structure of this new proposition is that all ongoing payments can benefit from Entrepreneur’s Relief, meaning that the model is highly tax-efficient to retiring IFAs.
The retirement plan enables advisers to integrate into the Fairstone operating platform, work with a chosen successor that Fairstone will provide, and then fully retire all within 24 months.
Aimed at individual advisers looking to sell their business on retirement, the Retirement Plan allows advisers to secure the future of their business and guarantee continuity of high-quality, independent advice for their clients. Importantly, Fairstone’s offering also comes with the commitment that client charges will not increase and the level of choice that clients enjoy will not be reduced.
Group Divisional Director, Mark Hewson, who will be leading the launch of the Retirement Plan, said: “Over recent years we have seen our Downstream Buy Out (DBO) model go from strength to strength, however, this is squarely aimed at sizeable IFA firms. We have been aware for some time that we didn’t have a proposition for stand-alone individual advisers that we regularly come across. To meet this gap in the market, Fairstone has created an alternative for those sole operators to ensure they can capitalise on their hard work without compromising their clients.”
Fairstone CEO, Lee Hartley continued: “At Fairstone we are always striving to be ahead of the market and to offer innovative solutions for IFAs across the UK, whether individual advisers or large firms. Following on from last year’s £25 million investment from Synova, Fairstone has continued to grow and widen out our proposition and we believe our latest offering will have a significant positive impact on our future growth.”
Gunner & Co. are working with Fairstone to introduce IFA businesses to this proposition, and can share a lot more information with you.  Drop Gwill a line at Gwill.evans@gunnerandco.com to understand more about this.