Business Services and Employee Benefits
Honister Partners is a national firm of financial advisers, with
offices across the UK. It is also a very different kind of company.
We are unencumbered by old-fashioned ways, obsolete systems and
excessive bureaucracy: instead we understand the needs of today's
businesses of all sizes, and are ideally placed to meet those needs
effectively.
We provide a complete corporate financial planning service (see
below) which you can use in part or in full depending on your needs.
This service is tailored to your company's requirements, because we
believe that every enterprise has its own individual needs,
circumstances and goals. We can work with you to explore which services are right for your
company, and then recommend the package most appropriate to your
needs, your goals and you budget.
Employee Benefits
When it comes to your employee benefits, from protection to pension
plans, our approach is to seek ways to reduce your administration
burden and cut your costs. At the same time, we are often able to
improve the benefits you offer to your staff. We can also advise
your employees and directors / senior executives on exactly what the
benefits package means for them. All this helps you attract and
retain the best people.
We are able to achieve these benefits for your company because we
are pro-active. When administering your pension scheme, we will
visit your premises and offer to meet all employees individually,
face to face, and offer full advice on the company benefits
available to them. We will maintain an employee benefits database
which is used to keep track of all of their entitlements and
premiums and ensures both management and employees are kept up to
speed on all issues, from monthly accounting for premiums to changes
in legislation. We also offer to hold employee seminars as and when
deemed suitable, to keep them informed. In doing the above we are in
close liaison with your HR and/or Finance management. We search the
entire marketplace to find the best product or service for you. And
we are aided in doing so by state-of-the-art research and financial
planning technology.
Many companies are simply too busy to review their employee benefits
regularly. Yet new products and services are being introduced all
the time. A corporate financial health check can deliver substantial
benefits to your company, and our corporate market specialists are
fully trained and experienced in handling such check-ups.
We have teams around the UK able to service corporate clients of all
sizes. Please call to discuss our approach to Employee Benefits on
0845 013 6525 or 0207 743 9216 (Greater London and South East).
Our Services cover:
Group Stakeholder / Personal Pensions and other Company Pension Plans
Employees increasingly recognise that they cannot depend on the
Government for their retirement income. Furthermore, a good pension
plan can make all the difference when it comes to both funding and
keeping the best people, particularly at the higher executive
levels. We advise on the most appropriate group personal pension
schemes including Stakeholder and executive pension planning.
Flexible Employee Benefits
Life cover, Permanent Health Insurance, Private Health Insurance,
Critical Illness Cover and other employee benefits are widely seen
as valuable incentives on top of salary, bonuses and other financial
inducements. I can recommend plans which suit your company's size
and payroll. Today, these can be structured in a flexible way so as
to give employees more control over their level of benefits
according to their personal circumstances. Increasingly, employees
can take control of their package, reducing or adding to benefits
according to their personal preference.
Key Man Protection
Some companies, particularly smaller businesses, are especially
dependent on the skills, knowledge and experience of certain key
individuals. Do you have a director or employee whose death or
illness would have serious financial consequences for your company?
If so, keyman protection can fill the gap, providing much-needed
financial assistance to tide your company over until a replacement
can be found or trained
Share Protection
In many private companies, the directors hold all the shares. What
happens if one of them dies? His or her shares might end up in the
hands of someone with no business skills - or even no interest in
the company. Share protection and a suitable contract can take the
sting out of this situation by providing the structure for
buying-selling the shares and the necessary capital injection to
achieve it.
Business Property Purchase
Is your company paying too much rent for its business premises? If
so, the answer may well be to own those premises outright, with a
commercial mortgage. Honister Partners' specialist corporate
advisers can show you the most attractive ways to pursue this goal,
including (where relevant) the use of an executive pension plan or
small corporate pension plan to achieve this end.
Company Investments
Investing in e.g. offshore bonds and other instruments could improve
your company's cash flow whilst reducing your tax liability. A
discussion with your Honister Partners adviser will establish
whether this route makes sense for your company.
Our Process
The first step is to undertake a full corporate financial review of
your business's circumstances and objectives. Our approach at this
time is to listen, not talk, to gain a comprehensive understanding
of what you want to achieve through financial planning.
Step two is to analyse your needs in depth. This will ensure that we
take account of all aspects of your company's situation, including
where it is today and where you want it to be tomorrow.
Step three, we summarise our findings in a detailed report. This
sets out practical solutions to your needs. If you wish, we can then
arrange a meeting to take you through the report and ensure that we
have accurately interpreted your business needs and objectives. We
will assist you with the paperwork if you decide to act on our
recommendations.
Finally, as step four we aim to build a long-term relationship with
you rather than providing you with a quick fix or a one-off service.
As a result, we will agree with you a level of ongoing service
consistent with your needs.
Not all of these products and services are regulated by the
Financial Services Authority