From Standalone to Umbrella Funds

Many employers and brokers are realising the attractiveness of umbrella funds and are joining the move from standalone funds to a more cost effective and professionally managed vehicle. The Financial Mail highlighted the fact earlier this month, sighting costs and new legislation as the main drivers of the trend.

Moving into an umbrella fund does not, however, mean that your client needs to be compromised on options when it comes to risk benefits. Top umbrella funds allow brokers to source the most effective (cost and structure) risk benefits for their client and modern information technology makes “open architecture” a simple reality.

The move also only affects approved risk benefits that are run through the fund, with unapproved risk benefits remaining completely flexible outside of the fund.

TSA works with most leading umbrella funds already but if you have any queries in this regard please do not hesitate to contact your Associate or us directly.

Thank you and regards,
The TSA Team

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