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Page 1: Corporate Brochure - London & Colonial€¦ · Corporate Brochure London & Colonial. OUR GROUP London & Colonial is a privately owned independent specialist pension Group. We have

www.londoncolonial.com

Corporate Brochure

London & Colonial

Page 2: Corporate Brochure - London & Colonial€¦ · Corporate Brochure London & Colonial. OUR GROUP London & Colonial is a privately owned independent specialist pension Group. We have

OUR GROUP

London & Colonial is a privately ownedindependent specialist pension Group. Wehave an outstanding track record when itcomes to the delivery of original and creativeretirement solutions that satisfy therequirements of even the most financiallydemanding of clients.

The last 25 years have seen us attain anenviable reputation when it comes to thedevelopment of some of the most pioneeringand innovative new pension products that arecurrently available in the market place today.

As specialists in ‘self-invested’ pensionproducts since 1988, our aim has always beento offer clients as much freedom, flexibility andcontrol as possible - regardless of the chosenpension solution.

Whether onshore or offshore, accumulation ordecumulation our pension solutions areflexible enough to adapt to a client’s changingcircumstances, throughout their financiallifecycle.

We distribute our pension wrappers exclusivelythrough Financial Advisers and as such wedeliberately choose not to provide any financialor investment advice.

Our innovative service proposition has beendesigned to provide advisers with maximumsupport in order that they can best fulfil theirclients’ requirements.

We were one of the earlier companies toprovide a pure SIPP, in 1995, andsubsequently redefined the annuity marketwith our groundbreaking Open Annuityproduct in 2002. We have more recentlycomplemented our existing range of pensionwrappers with a low cost ‘Elementary’ range.

The ‘Elementary’ range offers exceptionalclient value through a competitive fee structurewithout compromising on our high levelservice proposition delivered as standard.

OUR HISTORY

The Company first started life in 1988, asLondon & Colonial Trustees Limited initiallyproviding SSASs and specialist consultancyservices to insurers and other pension industryprofessionals.

Our consultancy services included technicalanalysis, training, literature, Schemedocumentation drafting, expert witnessprovision, and third party administrationservices.

In 1995 our CEO Ken Wrench and ChairmanRobin Ellison joined forces to launch a SIPPvia the establishment of London & ColonialServices Limited.

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The regulatory capital (minimum guaranteefund retirement) required by Gibraltar for alife insurer currently stands at (Euro) 3,700k(or £3,146k), and as at the date of our lastfinancial statement (30th September 2012) theCompany’s excess was some £2,805k over therequired margin – the highest seen for severalyears.

When combined with the products from theother Gibraltar subsidiaries currently heldwithin the London & Colonial Group, bothour brand awareness and physical presencewithin this well-regulated jurisdiction stillcontinues to grow.

In October 2008, the various associatedcompanies were brought within a new groupstructure into common ownership under oneentity - London & Colonial Holdings Limited -which now owns 100% of each of thecompanies within the group.

London & Colonial’s premium products andservices have historically been aimed moretoward the high net worth individual and wehave recently developed and launched our‘Elementary’ range aimed at the mid rangemarket place.

We have taken the key elements from ourexisting products and made them available inconjunction with a selection of strategicinvestment partnerships - including some ofthe best DFMs and Platforms available withinthe market place today.

In so doing we believe we have created a rangeof affordable products that deliver exceptionalclient value without compromising on the highlevels of personalised service provided asstandard.

We are immensely proud of the 25 yearheritage upon which we continue to build.

A well know insurance company was one ofthe first to white label our SIPP for whom weprovided all of the necessary functions as theScheme Administrator and Scheme Trustee aswell as providing a specialist property service.

2001 saw the formation of London & ColonialHoldings Limited, to raise the capital requiredfor the setting up of a new InsuranceCompany, London & Colonial AssurancePLC, which commenced trading in March of2002.

This company was Gibraltar based in order tobenefit fully from being in the EU and utilisingthe corporate segregated “cell” structure. Thislegal structure was an essential component inthe launch of our ground breaking OpenAnnuity.

The Open Annuity proved to be exceptionallysuccessful in terms of annuity premiumsreceived - achieving in excess of £0.5bn ofwritten business in the 2 months leading up to6 April 2006 (A-Day) alone.

The positive growth that we have enjoyedthroughout this period has resulted in ourcurrently holding a healthy excess of regulatorycapital, over and above the levels stipulated bythe Gibraltar Financial Services Commission.

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OUR PRODUCTS

London & Colonial has already establishedan enviable reputation for satisfying thedemands of an ever changing market,through innovative pension solutions.

Having recognised early on that no one singleorganisation could realistically be expected tofocus effectively on every specialist area, thedecision was made not to compete withFinancial Advisers or Investment Managersbut to work with them instead.

We have channelled our expertisewholeheartedly into the provision of a range offlexible, independent ‘unbundled’ pensionsolutions.

The result is a range of products which havebeen proven time and again to exceed theexpectations of even the most discerning ofclients.

Our wrappers have been designed to betailored to meet a client’s own preciserequirements, whilst sufficiently flexible toreadily adapt to their changing circumstancesover their lifetime.

Our products allow clients to maintain fullcontrol over their investments, whatever stagewithin in their financial lifecycle they may findthemselves at.

Current product offerings include the:-

· Open Annuity - Our flexible investmentlinked annuities

· Open Pension - Our Self InvestedPension Plan (SIPP). Rated 5* byDefaqto

· Corporate Open Pension - OurSmall Self Administered Pension-Schemes (SSAS)

· International Open Pension - OurOffshore QROPS

· EU SIPP - Our Offshore QNUPS

· “Elementary” range - Low cost optionsof these contracts aimed at the “midrange” client

The successful launch of the ‘Elementary’range has served to move us ever nearer to therealisation of our long term ambition – to beseen as the provider of choice when it comesto UK and International pensions including,SIPP, SSAS, QROPS, QNUPS and Annuities.

So whether switching from accumulation todecumulation, moving from a pension to anannuity, moving abroad, or returning to theUK, our products can provide a suitable andcost effective solution to meet most clients’needs.

The unbundled structure of our products willalso ensure that all of the services we provide,together with any fees associated with eachelement, remain fully transparent anddisclosed upfront.

All of our products are accompanied bya competitive fee structure that providesexceptional value with high levels of serviceas standard.

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THE LONDON & COLONIALDIFFERENCE

In today’s increasingly competitive marketplace, it is our firm belief that it is now moreessential than ever to be able to offer ourAdvisers something different - somethingwhich makes us stand out from thecompetition.

At London & Colonial we believe we areunique within the market place in being ableto offer UK SIPP, SSAS and Annuities as wellas offering offshore QROPS and QNUPS.Our ability to do this sets us apart from thecompetition with all of the pension contractsbeing available to UK and overseas residents.

It is not only the ability to be able to moveseamlessly from one solution to another“under the same roof” that is of benefit butoften it is the combination of these contractsthat provide powerful planning opportunities.

Our aim is to build long term and mutuallybeneficial relationships with all of theFinancial Advisers with whom we conductbusiness. We pride ourselves on being able tosupport them with creative solutions that takeadvantage of the planning opportunities thatour contracts offer in order to meet theirclients’ financial objectives.

Advisers continue to place their clients’business with us because we offer uniqueproducts at competitive rates - all backed up byexceptional levels of support.

Which is why we are rapidly positioningourselves as the number one financialsolutions company within our market place,when it comes to service, price, and productinnovation.

OUR PEOPLE

At London & Colonial we have a great team ofindividuals all of whom are totally committedto helping to fulfil your clients’ requirements,no matter how diversified they may be.

Valued staff are motivated staff and motivatedstaff build exceptional dynamic businesses.With this in mind we continue to proactivelyencourage the personal development of all ofour staff through internal training. We alsoactively and fully support study towardsachieving industry professional qualifications.

We strongly believe in supporting the personaldevelopment of our most important resource,our people. We encourage our staff to feelempowered in their roles which enables themto be able to pre-empt any problems longbefore they arise.

The principles of ‘Treating Customers Fairly’are embedded in everything we do and ourpeople consistently adhere to the exactingstandards we set ourselves. We ensure that anyenquiries are dealt with quickly and efficientlyand that these standards are met andmaintained every step of the way.

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The latest versions of our original productofferings are particularly suited to those clientswho find themselves more towards thebeginning of their financial lifecycle and somay be looking for a more cost effectiveinvestment solution.

By opting to take out one of these products,clients are potentially ‘future-proofing’themselves against any changes in theirfinancial circumstances.

For example the client can seamlessly movefrom accumulation to decumulation via eitherdrawdown or one of our annuity contracts.

In addition, if the client moves abroad orreturns to the UK then one of ourInternational pension wrappers can provide asuitable and cost effective solution in the formof our QROPS or QNUPS.

OUR AIMS

It is 25 years since London & Colonial firstidentified an opportunity to provide a range ofconsultancy services based on its experienceand expertise to both Corporate entities suchas Insurance companies as well as thoseprofessionals specialising in individuallytailored retirement solutions.

Our initial aim was to offer clients themaximum amount of flexibility possible, whilsttaking full advantage of the investmentopportunities available.

A quarter of a century later and our productsand services have evolved into a range whichwe believe compares favourably with anythingcurrently available in the market today.

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However no amount of innovation is worthanything without being accompanied by thehighest levels of customer service and support.Financial Advisers can expect and enjoydedicated and personalised servicefrom our specialist IFA Support Team.

London & Colonial fully understand theimportance of offering Professional Advisers aFirst Class service and our staff are fullycommitted to delivering on this commitmentas our existing Advisers have come to expect.

Not only do we provide face-to-face supportthrough a dedicated Regional AccountManager but we also allocate an experiencedIFA support Manager who, with a global viewof all cases, will be the first point of contact forany case specific enquires, and pipelineupdates.

OUR TRACK RECORD

With London & Colonial you can beconfident that you’re dealing with adependable and highly respected organisationwith an enviable and already proven trackrecord when it comes to the design andadministration of self-invested products.

We are immensely proud of the 25 yearheritage upon which we continue to build. Thelast quarter of a century has seen London &Colonial develop and launch a number of self-invested products, contained within a varietyof tax wrappers, ranging from SSASs toFlexible Annuities.

Our pioneering and unrivalled Open Annuitywas the first of its kind, and after its launch in2002 went on to redefine the annuitylandscape. Legislation introduced by HMRC in2006 confirmed the existence of this newmarket and went on to define what are knowntoday as Flexible Annuities.

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OUR SENIOR MANAGEMENT

Robin Ellison - Chairman

Robin Ellison is the Chairman of the London& Colonial Group, and a practising solicitorand academic. He is a consultant with PinsentMasons, the international law firm where hespecialises in the development of pensions andrelated financial services products for insurersand other providers, and in European andinternational pensions, pension’s trustee lawand pensions in matrimonial matters. He actsfor a number of foreign governments andgovernment agencies.

He is also a director of the boards of a numberof companies, including as Chairman ofPendragon Professional Information, publisherof Perspective, the electronic regulatory andlegal publisher to the pensions industry, andChairman of Occupational Pension Trusts (thealternative to buy-outs).

He is a trustee of several pension funds,(including those of the Really Useful TheatreGroup and Carillion) both as independenttrustee and as Chairman. He also practices as acommercial mediator.

He was a founder of the Association ofPensions Lawyers, being awarded its WallacePrize in 1995 and in 1997 he was elected thefirst solicitor Honorary Fellow of the PensionsManagement Institute.

He is the author of numerous books onpensions including a four volume loose-leafPensions Law and Practice, (Sweet & Maxwell),the Pension Trustees Handbook (7th edition,2013, Thorogood) and is the editor ofPensions Benefits Law Reports.

His book, Pension Fund Investment Law, waspublished by Bloomsbury Professional in May2008, and he co-authored Pensions andDivorce (Lime Legal) published in 2010.

His latest book, Pensions For You and YourBusiness, was published by Crimson in early2013, and he is currently working on a study ofthe excesses of regulation called Too Much Law.

He is Visiting Professor in Pensions Law andEconomics at Cass Business School, CityUniversity London, and a frequent broadcasteron radio and television on pension matters. Heis a recent Chairman of the NationalAssociation of Pension Funds.

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Ken Wrench - CEO

A Chartered Insurance Practitioner and aPensioneer Trustee in his own right since1979, Ken has over 40 years experience withinthe Pensions Industry.

Following on from 6 years with CM&G, thenext 11 years were spent with National Mutualwhere he ran their Pensions TechnicalDepartment. During this time he pioneeredthe New Code documentation for the 70'slegislation, in addition to lecturing on a varietyof subjects at what is now the LondonMetropolitan University, on behalf of thePensions Management Institute.

In 1979 he joined Merchant Investors initiallyas Pensions Manager, where the following yearsaw him appointed a Senior Executive. As partof the expansion of their Pensions Division hewas responsible for guiding developments intoa number of new areas; with products whichincluded SSASs, Personal Funds, Bonds, andLoans, as well as Personal Pensions and AVCs.

Focusing particular attention on marketingand sales support, Ken was responsible for theintroduction of a new training and licensingsystem for Direct Sales, for the promotion ofcorporate pensions business.

In 1988 he became one of the foundingDirectors of London & Colonial TrusteesLimited (formally Select Pensions Limited) ofwhich he continues to be Managing Directorto this day.

The company provided technical pensionsconsultancy to other professionals within thepensions industry, and specialised in servicesfor Small Self-Administered Schemes (SSASs).

In 1995 in partnership with Robin Ellison heformed London & Colonial Services Limited(formerly The Fiduciary Corporation Limited)of which he is also Chief Executive. Thiscompany provides services for Self-InvestedPersonal Pension Schemes (SIPPs). Morerecently he has been involved in thedevelopment and launch of the innovativeOpen Annuity product underwritten byLondon & Colonial Assurance PLC.

London & Colonial Services Limited andLondon & Colonial Assurance PLC are sistercompanies, being wholly owned subsidiaries ofLondon & Colonial Holdings Limited ofwhich Ken is Chief Executive.

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Charles Cary-Elwes -Group Finance Director

A Chartered Accountant, and member of theInstitute of Taxation.

He was a non-executive director of the OrionPublishing Group, having been responsible forthe securing of that company’s initial finance,and Head of Corporate Finance at LeopoldJoseph Merchant Bank.

He was also formerly Chief Executive ofUrbach Hacker Young International, aninternational association of independentaccounting and advisory firms, with membersin 35 countries.

For the National Association of PensionFunds, and its partner InstitutionalShareholder Services Inc of Washington, DC,he developed the RREV platform (Research,Recommendations, and Electronic Voting)now one of the leading providers of corporategovernance services to Pension Funds andother financial institutions around the world.

His current Directorships include:

· London & Colonial Holdings Limited· London & Colonial Services Limited· Keats-Shelley Memorial Association

(Incorporated)· Brendon Arms Limited

David Beale -Non-Executive Director

Qualified as a Fellow of the Institute ofActuaries in 1965, David brings with himextensive experience having held a number ofsenior positions within Commercial UnionAssurance, the last of which being GroupCorporate Planning Manager, before movingon to the Orion Royal Bank where he spent 3years as Managing Director with responsibilityfor investment management.

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Having left Orion prior to setting up BealeDobie & Company Limited in 1989, Davidspent the next nine years as joint managingdirector, and subsequently a further 4 yearsworking in a consultancy capacity after thecompany was sold to the Fedsure Group ofSouth Africa in 1998.

As well as his current role as a Non-ExecutiveDirector of London & Colonial HoldingsLimited, David has also served as anInvestment Adviser to both St Thomas’sHospital Special Trustees, and the BritishHeart Foundation, as well as having been apast serving member on the council ofFIMBRA.

John Handley -Non-Executive Director

In addition to his role as a Non-ExecutiveDirector of London & Colonial HoldingsLimited, John is a founding partner of HandleyRoberts, a firm of bespoke tax consultantsspecialising in the provision of tax planningadvice to partnerships, private companies, andhigh net worth individuals.

John brings with him many years of taxationexperience, having held positions at CharteredAccountants - Spicer & Pegler andAccountancy & Auditing firm - Hacker Young,before heading up the tax department atChartered Accountancy firm Barnes Roffe.

Prior to setting up Handley Roberts, withpartner Bob Roberts in 1995, John was a TaxPartner at Beavis Walker – founder member ofINPACT, the globally established‘International Network of ProfessionalAccountants’.

A fellow of the Institute of CharteredAccountants, he is a Chartered Tax Adviser,and holds a BSc (Joint Honours) in Maths &Physics.

John has also held positions on the boards oforganisations, operating within a variety ofsectors - from Film & Media, to FinancialServices and Printing.

CONTACT US

For more information about the London &Colonial group of companies, or any of ourproducts, please contact our Financial AdviserSupport team on 0203 640 6840 oralternatively you can visit our website atwww.londoncolonial.com:

London & Colonial38 - 42 Perrymount RoadHaywards HeathWest SussexRH16 3DN

T: 0203 640 6840F: 0203 479 5506E: [email protected]: www.londoncolonial.com

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For more information, please scan theQR code below or contact us usingone of the contact details below:tel: 0203 640 6840fax: 0203 479 5506web: www.londoncolonial.comE-mail: [email protected]

London & Colonial Holdings Limited, London & Colonial Services Limited, London & Colonial Central Services Limited andLondon & Colonial Trustees Limited are registered in England and Wales. Registered numbers 4093489, 2966313,7966194, 2275364 respectively. Registered office at 38-42 Perrymount Road, Haywards Heath, West Sussex RH16 3DN.London & Colonial Services Limited is authorised and regulated by the Financial Conduct Authority.London & Colonial Assurance plc and London & Colonial (Trustee Services) Limited are registered inGibraltar. Registered numbers 80650 and 102550 respectively. Registered office PO Box 199, 57-63 LineWall Road, Gibraltar. London & Colonial Assurance plc and London & Colonial (Trustee Services) Limitedare authorised by the Gibraltar Financial Services Commission.