Trustee Services

Selecting a Trustee to manage and protect the interests of your heirs is a highly significant decision – after all, you will not be around to oversee the relationship yourself.
As a fully independent firm, Syntax provides a comprehensive Trustee service to administer pension funds with a main focus on small and medium size owner managed and entrepreneurial businesses and organisations tailored to the needs of owner managed and entrepreneurial businesses with pension funds with an aggregate value of over £100,000. 

Flexibility & Personal Attention

Syntax is equipped to provide a service that takes into account the specific circumstances of our clients with more flexibility and personal attention than larger SSAS and SIPP providers are able to.

What are Trusts?

A trust is a legal relationship created (in lifetime, or on death) by a settlor, the person making the trust, who wishes to place certain assets under the control of a trustee for the benefit of a beneficiary, the person who will benefit from the assets or income from them, or for a particular reason.
The main function of a trust is that it allows the legal title to be separated from the beneficial interest (that is, the right to benefit from) in the assets. This means that minors and other groups can benefit from the assets without being in control of them.

As well as family trusts, there are many other uses for trusts,for example, to operate as a charity, or to provide a means for employers to create a pension scheme for their staff.
A trust has the following characteristics:
  • The legal title of the trust assets will generally be in the trustee’s name so that they can be dealt with in accordance with the trust.
  • However,  the trustee does not own the assets and the assets will not form part of his or her estate.
  • The trustee can and must manage the assets in accordance with the terms of the trust.
  • Special powers to do so enable the trustee to do so and personal accountability attaches to exercising these properly.
  • Trustees will generally have a range of powers to invest trust funds and deal with the assets and funds for the benefit of the beneficiaries, in the case of an occupational pension scheme that means the employees.