Is a Family Pension Trust for me?
The Rowanmoor Pensions Family Pension Trust is suitable for people who are self-employed, in a partnership, employed, retired or not in employment and unlike a SSAS, minors may also be members.
The flexibility of the trust means that members can join together to make specific investments, such as commercial property. This is done through one or more common investment funds established within the scheme. There is no limit to the number of common investment funds which can be set up and not all members have to participate in these funds.
The investments available via the scheme are considerable and at retirement, the member has the same benefit options as a SSAS, which are much wider than most self-invested personal pension plans.
One or more of the members will be trustees of the scheme. They are known as member trustees.
The member trustees appoint a chairperson to act on their behalf. The chairperson is Rowanmoor Pensions' main point of contact with the trustees and must be a scheme member trustee.
The chairperson's role will include authorising the movement of funds between the scheme and common investment fund bank accounts and any other account.