Fairstone offers IFAs 15-year income payout plan

Annuity-style payouts for retiring advisers

Tom Ellis
clock • 1 min read

Consolidator Fairstone Group has launched a new payout plan for IFAs looking to sell their business at retirement by way of a 15-year income structure.

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".  ...

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