Welcome to the latest edition of Phoenix from the office of Marlborough. Let me assure you that the lack of Phoenix publications over the summer months was not due to us messing about in boats, although we did a bit, but more the case that we have been rather busy in the business development section and to fill you in on all the news we have a number of short articles this time round which we will be expanding on in future issues:
Still Trust Us – Just Marlborough
As part of our ongoing expansion and diversification we have decided to rebrand as simply ‘Marlborough’, this reflects that we have a growing number of areas and brands within the organisation that are not just trust related. These include: Marlborough Pension Trustees Limited, Marlborough Strategies, The Fractional Ownership Consultancy, and not least the new Marlborough Sports & Media.
Not Just Marlborough – but sports, and also media, and entertainment, and….
We have decided to launch our separately branded Marlborough Sports and Media division. This is reflecting the expertise and personnel we have been building on over the last 5 years in the sporting and media arenas (notice I didn’t say ‘space’). With a dedicated team of administrators and two full time members of the business development team concentrating on these areas we are certainly not jumping on the bandwagon but rather formalising our existing status as service providers to these two industries. Some examples of work in this area follow:
EFRBS, GIP (or is it GIMP?) and IIP (IMP)
Don’t we all love an acronym? Almost every day we see acronyms for products being bandied around and are sure that 50% of the people using them have no idea what they mean. Our EFRBS product being rolled out to football clubs at the moment is an EMPLOYER Funded Retirement Benefit Scheme that does not obtain a corporate tax deduction but allows the player to defer payment of income tax and likewise National Insurance Contributions for both player and club.
We call this a GIP (Group International Plan) although some card thought that Group International Managed Pension would sound better.
The EFRBS can also be an EMPLOYEE funded pension allowing transferability from club to club, although inheritance tax needs to be considered for this particular scheme. We call this an IIP (Individual International Plan) or Individual Managed Plan if you prefer.
