This notice is incorrect and our solicitors are communicating with the parties involved on this.
The notice itself relates to a particular investment property held on behalf of pension clients within a sub-fund of our Delta Fund. Independent Trustee Company act as trustees of the fund but we have no beneficial interest in the asset nor responsibility for its liabilities.
More generally it is useful to note that all of the properties held by Independent Trustee Company are contained within individual trust structures similar to this, thereby ring-fencing any liabilities attaching to them. In particular this means that neither the client nor Independent Trustee Company have any liability beyond this. In addition the liabilities of each client is ring-fenced from all other clients and indeed from other assets of the particular client.
Independent Trustee Company is an Irish owned company, established in 1993. We employ over 50 staff & are the largest provider of self-administered pension structures in Ireland, we administer more than €750 million in client funds including 800 properties through 3000 pension structures. All our structures are held within individual trusts, which provide clients with superior pension security.
For those Advisors who contacted the office today, I would like to thank you for notifying us. If your clients are in anyway concerned following this notice please feel free to direct them to our website or alternatively they can call the office on (01) 6611 022.
Yours sincerely,
Michael Keyes
Sales and Marketing Director
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