Fairstone offers IFAs 15-year income payout plan

The 'Fairstone Retirement Plan' guarantees a long-term annuity-style payout worth at least six times recurring income, as well as full cash-out options at five-year intervals. The company claimed its new plan would "enable advisers to integrate into the Fairstone operating platform, work with a chosen successor that Fairstone will provide and then fully retire all within 24 months". A key aspect of this payout structure, it added, was that all ongoing payments could benefit from entrepreneur's relief, which it claimed offered a model that was "highly tax-efficient to retiring IFAs".  ...