The Financial Intermediary and Brokers Association (FIBA) has extended its range of lending options for members with the appointment of Pension-Led Funding to its lender panel.
The facility – a subsidiary of Clifton Asset Management – allows company directors and owners to make use of existing pensions to provide funds for commercial purposes.
Interest is paid back to the pension which can make a difference to the relative cost when compared with other forms of finance.
Adam Tyler, executive chairman at FIBA, comments: “Advisers need to be able to access different funding options which is why I am determined to ensure that our panel represents the widest range of lending sources.”
“[Pension-Led Funding] offers our members a different alternative and gives their clients a broader range of options for their commercial needs.”
Adam Tavener, chairman of Clifton Asset Management, adds: “The whole team at Pension-Led Funding is delighted that we have joined FIBA.”
“We all know that the high-quality membership of FIBA is a great match for our innovative and hugely versatile lending product and we are really looking forward to working together.”