FURBS

Whilst you can no longer set up new Funded Unapproved Retirements Benefits Schemes (FURBS), we are regularly approached by trustees of existing schemes particularly when they want to make payments to beneficiaries.

We provide professional trusteeship which enables us to guide other trustees on their duties by sharing responsibility.

We can produce financial statements, submit tax returns and do general administration including helping to process investment transactions.

We are often engaged to help an existing set of trustees who want to distribute funds to the beneficiaries and then close down the FURBS.

As of 1 January 2021, we have over 140 FURBS in our portfolio.

Significant experience:

• we have been looking after FURBS since our inception in 1989 and have helped hundreds of sets of trustees meaning that it is likely that we will have previous experience to rely upon for any new challenges faced by trustees
• there is a huge variety of assets held within our clients' FURBS portfolios, with many investing in commercial property or making loans