With great sadness and reflection, we join the nation in mourning the death of Her Majesty Queen Elizabeth II and make our tribute to a monarch who has been our guiding light for seven decades. Our thoughts and condolences are with the Royal Family.
The new IFB Research Foundation The State of the Nation: The UK Family Business Sector 2019–20 report published today showcases the unwavering relevance and contribution of family firms. In the UK there are 5.1 million family businesses, making up 87.6 per cent of all businesses. They employ 14.2 million people, half of all employees in…
The Institute for Family Business (‘IFB’) has just published their response to The Pensions Regulator Defined Benefit Funding Code of Practice Consultation and as Jon Sharp, Director at Western Pension Solutions (‘WPS’) explains, “We are pleased to have been able to support the Institute for Family Business in their response to the important consultation on…
The Pensions Regulator (TPR) has issued new guidance to help protect savers and give employers and trustees more choice ahead of Government legislation. The guidance unveils the high bar it expects new superfunds to meet to ensure savers in defined benefit (DB) schemes are protected ahead of Government legislation. The new guidance, which comes into…
There are 250 large family businesses in the UK with final salary schemes. Between them they employ 750,000 people (and support countless other jobs in their supply chains). Many of them operate in critical sectors of the economy including food production, distribution and care. Many of them have been decimated by COVID-19. As things stand,…
Help is at hand for your family business if you have a final salary pension scheme as Western Pension Solutions (‘WPS’) launch a free helpline for family firms to respond to issues associated with the prevailing COVID19 pandemic. As Ben Fowler, Managing Director of WPS explains, “This is an unprecedented and difficult time for family…
Working with family businesses across the UK we recognise that they are the bedrock of communities and take a long term view that is built on the long term stewardship of people and resources. Strong values are at their core and they demonstrate a strong commitment to their staff with a history of acting as…
When it comes to family business, one of the biggest challenges they face in the near full employment economy in which they operate is the recruitment and retention of staff. The culture of any organisation determines many things and can have a real bearing on the staffing conundrum. Our recent attendance at the Institute for…
A new report by the Institute for Family Business Research Foundation launched in May reveals the sizeable contribution family firms continue to make to the UK economy. The report shows how the family business sector continues to grow, shining a light particularly on how small family firms are growing and investing for the future. Key…
Western Pension Solutions (‘WPS’) are delighted to announce the launch of their latest report into the impact that pension schemes are having on family owned businesses in the South West and invite you to join them at Hotel du Vin in Exeter on June 20 where Margaret de Valois of WPS will explain the research…
