• The Problem

• Long-term management stretching for up to 60 years or more.
• The funds must be secure and accessible.
• Inflation will reduce the value of the funds available.
• Tax on the return achieved is a consideration.

• The Current Options

• Setting up an escrow or cash account
• What about the after inflation and tax return?
• Cash provisions are unlikely to keep pace with inflation
• Tax on the return achieved is a consideration for the Taxman
• Bank/Insurance Bonds
• Bank Bonds do not provide a solution that has a sale value, either in terms of the site or the operator.
• Bank Bonds affect the borrowing capacity of the operator.
• Funds only available in certain circumstances (e.g. insolvency), the operator must still find the required aftercare costs when they fall due.
• Bonds are normally restricted to one or three years and provide no long term security.
• Ultimately money spent on Bonds is 'lost' money.

• The Challenge

• Long term management stretching for up to 60 years.
• The funds must be secure and accessible.
• Cost effective, flexible, transferable product.

• FillSecure - The Solution

• Can be 50%+ more cost effective than either the escrow or cash options.
• Can be funded over a 3-5 year period by a levy on materials entering an active site thereby limiting capital expenditure.
• Can replace existing cash/escrow arrangements and return excess funds to the operator.
• FillSecure sets up a separate legal entity that can transfer with the site/operator.
• Stakeholders invest funds tax efficiently.
• Funds professionally managed and regularly reviewed by stakeholders limiting operators' management costs.

Tysers
Insurance & Risk Management Solutions

Kynaston-Carnoustie