Important Information
This important information should be read carefully as it contains the terms and conditions of this website and also important regulatory information and risk warnings.
Site Information
We take all reasonable care to ensure information contained on the pages of this site is accurate however we give no guarantee to the accuracy and completeness of the information or to any errors and omissions that may occur due to circumstances beyond our control.
We reserve the right to change the content of the pages of this site without prior notice.
We accept no responsibility for the content or accessibility of any other sites that can be accessed by hyperlink from this site. Any link to third party sites is for information purposes only and we do not endorse these sites.
This site may be temporarily unavailable or restricted. We shall not be liable to you for any losses occurring due to the loss of availability of this site.
Risk Warnings
Information provided on this site and any opinions expressed are for general use and not personal to your circumstances, nor are they intended to provide specific legal or financial advice. No information on this site should be viewed as an offer or recommendation to dispose of or acquire any investment or undertake any specific transaction. If you are unsure as to the suitability of any investment you should contact a Financial Planner who will provide tailored advice.
All information provided is based on our understanding of current legislation which is subject to change.
You should remember that the value of investments and the income derived from them may fall as well as rise and you may not get back the full amount you invest. Past performance is not a guide to future performance. Taxation is based on individual circumstances and is subject to change.
Conflicts Of Interest Policy Summary
Turcan Connell’s policy is to avoid any conflicts of interest between itself and its associates on one hand and its clients on the other. In the event of such a conflict arising, it will always put the interests of the client first.
If there is a conflict between two or more clients, the Partnership will act in the most fair and equitable way it can. For example, client orders for the same security will be dealt with in the order they are received, except in exceptional circumstances, such as when an aggregated order may be in the best interest of clients.
If you would like to see a copy of the full Conflicts of Interest Policy please contact your financial planner or investment manager.
Firm Information
Turcan Connell Solicitors & Asset Managers is authorised and regulated by the Financial Services Authority for investment business, reference number 184739. Registered office Princes Exchange, 1 Earl Grey Street, Edinburgh, EH3 9EE .
Turcan Connell in Guernsey and its associated companies are fully licensed by the Guernsey Financial Services Commission for fiduciary business. Registered office Borough House, Rue Du Pré, St Peter Port, Guernsey, GY1 1EF.
CF TC Balanced Portfolio, CF TC Income Portfolio and CF TC Absolute Return are the available funds of CF Turcan Connell Investment Funds and Investment Company with Variable Capital (ICVC) authorised by the FSA, reference number 190667. Turcan Connell is the Investment Manager for the CF Turcan Connell Investment Funds. Capita Financial Managers is the Authorised Corporate Director for the funds.
Intellectual Property
All rights to use the content of this site belong to Turcan Connell Solicitors and Asset Managers and any unauthorised use, including transmission, extraction, modification and distribution is strictly prohibited. You may not reproduce part or all of the content of this site in any form unless it is for personal use.
Pillar 3 Remuneration Code Disclosures
As Turcan Connell (“the Firm”) is authorised and regulated by the Financial Services Authority it is subject to the FSA rules on remuneration. The FSA’s Remuneration Code (“the Code”) applies to certain individuals’ total remuneration, both fixed and variable.
The Firm's policy is designed to ensure that it complies with the Code and therefore that its compensation arrangements:
(i) are consistent with and promote sound and effective risk management;
(ii) do not encourage excessive risk taking;
(iii) include measures to avoid conflicts of interest; and
(iv) are in line with the Firm's business strategy, objectives, values and long-term interests.
Proportionality
The Firm falls within the FSA's fourth proportionality tier and as such this disclosure is made in line with the requirements for a Proportionality Tier 4 firm.
Application of the requirements
The Firm is required to disclose certain information on at least an annual basis regarding its remuneration policy and practices for those staff whose professional activities have a material impact on the risk profile of the Firm. This disclosure is made in accordance with the Firm’s size, internal organisation and the nature, scope and complexity of its activities.
1. Summary of information on the decision-making process:
(a) The Firm’s policy has been agreed by Senior Management in accordance with the Code’s principles.
(b) Due to the size, nature and complexity of the Firm, there is no requirement for the Firm to appoint an independent remuneration committee.
(c) The Firm’s policy will be reviewed as part of an annual process or following a significant change to the business requiring an update to its internal capital adequacy assessment.
(d) The Firm’s ability to pay bonuses is based on the performance of the Firm overall and is based on the Firm’s actual results for the year in question adjusted for any need to retain resources to meet regulatory capital requirements or for business development.
2. Summary of how the Firm links between pay and performance:
The Firm’s remuneration policy is linked to the performance of the Firm as a whole, each department and of individual employees. Individuals are rewarded on an assessment based on their contribution to the overall strategy and achievement of the business taking into account factors including, where appropriate:
a. investment management;
b. operations;
c. client interaction including business development; and
d. overall performance, reliability and effectiveness.
3. Aggregate remuneration of Code Staff:
The aggregate remuneration of those 25 members of staff identified as Code Staff was £1,447,733 in the year end 31st March 2011. This includes both fixed and variable elements of remuneration but excludes profit shares awarded to such individuals in respect of their partnership shares as owners of the business.
