FAQs

The following are answers to some of the most frequently asked questions by potential clients.

What is the minimum amount I need to have to use Criteria’s services?

Our aim is to be inclusive but we find those clients with £50,000 or more are the clients we can help most.

Why should I consider using Criteria?

Our bespoke service will provide you with advice of a high standard and a first class professional relationship with a dedicated adviser.

What makes Criteria different?

We place a heavy emphasis on the quality of our advice. With two Level 4 Advisers and one Chartered Financial Planner, we have the necessary qualified professionals to help you. By taking the time to understand your needs, we ensure our advice is based upon rigorous research and personally tailored to you as an individual.

When was Criteria founded?

Criteria was founded by Mark and Sarah Penney, who commenced trading on 20 December 2012.

What different ways can I pay the necessary fees?

We offer two payment options: consultation fees costed hourly (fees available upon request); or fees deducted from the profit you make from our Product and Investment groups.

Will I receive regular updates on my investments?

Yes, you will receive quarterly valuations and an annual review. In addition, we are always on hand to talk through any questions you have or to offer advice that may be required.

When can I start saving for my pension?

You can contribute into a Guernsey Retirement Annuity Trust (RATS) up to the age of 75. Contributions are based on 100% of your earned income or £50,000 per annum.

What is the minimum I can save per month?

You can save as little as £50 per month – but you need to be mindful of charges and how this will impact performance.

Will I receive tax breaks on my pension contributions?

Yes, this is done by way of an adjustment to your coding notice or offset against your final bill.

Can I have a holiday period on any regular savings?

All of our investment structures have been created in such a way that you can increase or decrease contributions (or have payment holidays) at any time.

Can I borrow against my pension?

Under current legislation, a RATS allows you to potentially borrow back up to 30% of your fund value. We will only consider loans of a minimum of £10,000.