Services
Expert Witness Reports
All cases benefit from a free viability check. You can either book a call, send an email or complete one of the checklists attached.
PPO - Periodical Payment Reports
“The Court shall have regard to CPR rule 41.7 and include – the nature of any financial advice received by the Claimant when considering the form of award”
A PPO is an alternative to the lump sum only settlement method, whereby part of the award is provided in regular payments as opposed to a traditional lump sum. PFE can provide you with a ‘full report’ or a less detailed ‘assessment of settlement report’
- Risk-free
- Indexed
- Inflation-proof
- Guaranteed
- Funded by the defendant
- Structured payments
- Payments can increase
Trust For Minors (TFM) Report
A Trust for Minors Report involves the creation of a Trust for Minors report and a trust held in the name of the minor, providing a better interest rate and enabling the money to be moved out of court. Without a TFM the money would need to be held in the Court of Protection or Court Fund Office which has poor interest and investment opportunities. A TFM has the potential to allow the claimant to access a higher return on their money.
- Unmonitored tracker fund
- A TFM offers high risk investment for minors
- The TFM automatically converts into a PIT when the claimant turns 18 years old
- The report provided at pre-settlement discloses advantages and disadvantages of an TFM vs PIT
- Option to create a cashflow model to view how different options may affect the client’s circumstances
Cashflow Analysis
Cashflow analysis takes a detailed forecast look at a Client’s financial life going forward, factoring in income, expenditure and expected life events.
- Considers other elements of pension not just pension contributions
- Provides a detailed approach to avoid undersettlement of claim
- Considers the overall employment package
- A range of scalable reports available including white label reports
Financial Accomodations Calculations Report
This is a set of calculations that identify any additional costs the claimant will incur to ensure any current or future property caters to specialist care needs as a result of the index event and is based on the claimant’s life expectancy.
- Ensures financial accommodation loss is presented accurately
Loss of Income
Pension Loss Reports and Calculations
Pension Loss puts the Claimant in the position that they would have been at the point of retirement onwards, if it weren’t for the index event.
- Considers all aspects of a pension, not just pension contributions
- Provides a detailed and accurate assessment of the loss to avoid under or over settlement of a claim
- Accounts for any lost employee benefits and State Pension
- A range of scalable reports available, including white label reports provided by vastly experienced and Chartered IFA’s qualified to provide pensions advice
Loss of Earnings Reports & Calculations
Loss of Earnings often forms a significant part of the overall claim value (quantum), greatly influencing how much settlement a Claimant will receive. With over 30 years’ experience dealing with complex promotional prospects in earnings and having handled a wide range of career paths and sectors previously, we are able to guide you to an accurate and reasonable assessment of a person’s loss.
- Accuracy
- Oversight of tax, national insurance, pensions, employer benefits, promotional prospects
- Career path mapping
Loss of dependency Reports & Calculations
Loss of Dependency calculations help the Claimant to understand post-death earnings and pensions that they may be reasonably assumed to be reliant upon had the fatality not occurred. This ensures dependents receive what they should have been entitled. We provide a detailed approach and methodology for this service and reports can often be extremely complex and involve multiple time periods
- Based on the deceased loss of earnings and loss of pension calculations
- Helps the Claimant understand what income is disregarded after death
- Helps the Claimant understand what income is claimable after death
Lost Years Reports & Calculations
Lost Years ensures any financial loss from a person’s reduced life expectancy is accounted for, to help the Claimant receive what they will likely miss out on
- Use a detailed pension loss methodology essential for arriving at an annual loss
- Identifies an appropriate income to calculate the loss to the Claimant
- Identifies an appropriate income to calculate the loss to the Claimant
Pensions On Divorce
POD reports help to unravel the significant complexities involved when separating assests fairly. More often now we are appointed as a Single Joint Expert.
- Detail the options available to the divorcing couples in terms of pension earmarking, offsetting or sharing
- Deals with the mechanics of whether to consider a proposed equalisation of income or capital
- Very few advisers qualified to properly engage with clients or divorce specialists
Advice & Support Services
Personal Injury Trusts (PIT)
A Personal Injury Trust helps protect means-tested benefits and offers additional protection to damages award recipient that can make them invaluable in ensuring that funds last throughout life.
- Protects large sums of Claimants money across their lifetime
- Claimant has a trust bank account opened for them
- Can offer ancillary protection against other vulnerabilities
- Can hold cash, investments and/or property in the trust
- Trust can be managed by a professional if required
Welfare Benefits
We can help you with a welfare benefit review to establish if the Claimant may be entitled to additional benefits that they don’t currently receive and provide support throughout.
- Considers how benefits impact the overall family
- Provides guidance and support through the assessment and application process which can otherwise be quite frightening
Trust For Minors (TFM)
The purpose of a Trust for a Minor is to help those under 18 years to avoid losses and unnecessary risks using the Court Funds Office to maximise their investment potential. A TFM protects minors from potential financial abuse and also gives them the option to convert their TFM into a PIT once they reach adulthood.
- A Trust for a Minor can be converted to a PIT once the claimant reaches 18 years
- Maximise investment through the Court Funds Office
- Protect minors from financial abuse
- Active management
- Bi-annual valuation
- Annual performance report
- Updates to cashflow modelling
- Tax planning and annual tax returns
- Review of Welfare Benefit Entitlement