“The work that has been done has been delivered beyond expectations.”
“Clare Owen has been a really excellent scheme secretary”
“When requesting information by email, I have noticed that there is 'out of hours activity' to answer me. I regard this as a stand out 'above and beyond' - impressed.”
“Their pragmatic approach helps with quick and easy decision making. Another approach might have made things more difficult.”
“I found the trustee training really beneficial, highly recommended. I am not a trustee, I represent the employer and I think it will be valuable for me in future, having a better understanding of the trustees' perspective.”
“Highly informative. Having leading professionals deliver the TKU course really adds value.”
In the pensions context, the account would hold monies paid by the pension scheme sponsor. Funds are protected and would only be released to either the pension scheme or the employer when certain pre-agreed trigger points are reached. Escrow accounts are often used at the time of a corporate acquisition or disposal to help manage risk and deliver certainty and security.
We act as an independent third party managing both pension and non-pension escrow accounts.
In addition to handling all fiduciary duties and managing the receipt, investment and payment of funds, an added advantage of an escrow account managed by a third party is that the funds will be preserved in the event of an insolvency.
To learn more about escrow accounts and our escrow agent service, please contact us.
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