A hassle-free way of making your retirement a happy one
When you decide to retire, what are your options? You could sell your business as a going concern, or sell your client book to another professional intermediary. But this isn't always possible for everyone, so we've developed an easy and bespoke third option.
Paymentshield's Retirement Buyout (RBO) offers you benefits from all your hard work with minimal hassle. We simply provide you with a cash lump sum on retirement, in place of the future income from your existing portfolio of policies with Paymentshield. Each RBO valuation is calculated on key intermediary specific factors, such as; age of the portfolio, historic attrition rates and mix of current business.
As you will be retiring and leaving the industry, we will ensure that your Paymentshield clients are well taken care of by transferring their business to a specialist adviser within Towergate Group. We will handle the transfer for you, ensuring your customers are informed and the transfer goes smoothly. It's that straightforward.
Once you've retired, the next step's up to you
As our Retirement Buyout is such a simple process and your clients are taken care of, your only concern is deciding what to do in your retirement.
Interested?
To qualify for a Retirement Buy Out, you must meet the following eligibility criteria.
- Currently authorised with the FSA
- Be the principal of the firm
- Have a current portfolio of Paymentshield policies
- You can not have previously sold your Mortgage / Life Book
As the ongoing care of your customers will be transferred to Towergate Group on completion of the RBO, you will be precluded from advising or re-broking any of the customers involved.
Why Retirement Buyout?
- Cash lump sum for your retirement
- No lengthy application - a phone call away
- Specifically tailored to your current business
- You can be confident clients will be very well looked after
Why Paymentshield?
At Paymentshield we want to offer you and your clients the best products at the best price. That's why we've put together this comprehensive range of commission options. We think you'll find an option to suit, whatever stage your business is at.
- High quality products and competitive pricing
- Very competitive commission rates
- Dedicated broker sales and support team
- Award-winning - year after year, we have been named Best Provider of MPPI by Mortgage Introducer and Mortgage Strategy
- Defaqto 5-star rating for Mortgage Payment Protection Insurance and 4-star Home Insurance.
Towergate
Towergate Partnership is Europe's largest independently owned insurance organisation controlling more than £1.5 billion of gross written premium. Their success is founded on providing clients with great insurance products combined with exceptional customer service. They now have over 3500 committed staff operating out of nearly 100 UK offices and offering over 200 specialist insurance products.
Enquiries and Comments
Please ensure you include the following information with your email:
- Principal name
- Name of business
- Address of business
- Branch number
- Contact telephone number
- DA or AR
- FSA number
This page is intended solely for the attention of Directly Authorised or Exempt Firms as defined by the Financial Services Authority.