The Personal Touch network has launched two broker retirement plans, allowing members to receive lump sums for their business as well as an ongoing income.
The schemes are available to those wishing to retire immediately, or those planning for retirement in the next few years, with both plans offering lump sum death benefits to beneficiaries.
Mike Allison from Personal Touch, says: “Brokers will consistently look for opportunities to maximise their income at retirement and increasingly these are limited for them
“These schemes provide options for brokers wanting to retire immediately or phase their retirement – the phased option allows them to continue to practice but with the benefit of a lump sum payment as well as a host of free benefits including IT and PI.”
The scheme also allows brokers to continue to receive income after retirement, by paying them for business written through their client bank.
Personal Touch says its back office system allows it to manage client bank activity, ensuring easy payment management.
Personal Touch says it has set aside substantial funding for the scheme to assure brokers that their incomes are safe and has the backing of the LDC division of Lloyds Bank.
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