Setting up and running an OEIC or AUT involves adherence to considerable regulation, administration and time. The specialist expertise and resources required to administer funds on a day-to-day basis mean that outsourcing this to an experienced third party is usually the preferred option.
Our fund administration team is particularly well placed to provide the range of expertise required in the set-up and ongoing administration of OEICs and AUTs.
With over 30 years’ experience, 164 funds under management with a value of £9.1bn (as at 31 March 2017), we offer an efficient and professional service at competitive rates tailored to the specific needs of our individual clients.
Set-up services: Preparing an application for authorisation; appointing a depositary and facilitating selection of a custodian; appointing investment manager(s); applying to the Financial Conduct Authority (FCA).
Ongoing services: Management of the scheme; maintenance of scheme documentation; valuing and pricing shares/units; calculating income and distribution payments; maintaining accounting and other records; preparing annual audited and half-yearly accounts plus long reports; providing a review of tax provisions and submitting tax computations to HMRC; maintaining a register of shareholders and unitholders; dealing and settlement.