Mr A is a finance broker working with property clients primarily and has a substantial amount of repeat business with some clients who take out multiple bridging loans each year.
After spending 20 years in commercial banking with a high street bank he had a substantial pension that he wished to deploy more commercially.
By setting up a PLF arrangement, has been able to use his pension scheme to set-up his own private bridging fund to offer finance to his clients with the benefit of the fees and interest being paid to his pension scheme tax-free generating significant income.
