Westminster Asset Management introduces a seamless and cost-effective way of managing pensions, securing a prosperous retirement for their clients.

Founded in 2020, the Jersey-based, privately-owned investment boutique emerged as a small, independent alternative to the large wealth management corporations that have historically dominated the market. Westminster Asset Management maintains a smaller client base than their high street counterparts, allowing them to approach money management with an absolute focus on meeting the objectives of their clients.

Since its inception, Westminster Asset Management has been providing a comprehensive range of asset and wealth management services to high-net-worth individuals, their families, fiduciaries and charities in Jersey. Now, the team of pragmatic investors are disrupting the local wealth market by launching a pension service that challenges traditional pricing models with a cost-effective, transparent fee structure.

Westminster Asset Management’s Wealth Director, Mike Mulhern, highlighted why this pension service stands out amongst the mass retail offering. He said: “Currently, many individuals in Jersey are charged retail rates for sub-optimal wealth management services. We aim to challenge this norm by eliminating initial fees and only charging one all-inclusive annual fee for ongoing management.”

For those with pensionable assets over £250,000, there will be zero initial fee for transferring, consolidating or adding to their pensions. Westminster Asset Management considers this all part of their standard take-on process, and for all ongoing management costs, they charge just one all-inclusive annual fee. Mr Mulhern put these savings into perspective: “When transferring or consolidating an investment of £250,000, many people are unaware of the fees they may be paying under a traditional financial advice model. Typically, this includes an initial charge of up to 3%, which amounts to £7,500 upfront, plus an ongoing annual fee, for advice, custody & investment management, of up to 2%, or £5,000 per year.

 At Westminster Asset Management, we do things differently. We do not charge an initial fee, and our all-inclusive annual fee is capped at 1%. This means you could save £7,500 immediately, and potentially £2,500 every year thereafter.

Over two decades, that’s a possible saving of £50,000 or more – money that stays invested, working for your future. And able to provide a higher income in retirement.”

Westminster Asset Management understands that everyone has unique retirement goals and financial circumstances, which is why they offer personalised pension plans that are tailored to their clients’ needs and regularly reviewed by the dedicated team of investment managers. They are on a mission to help clients secure a brighter future and get more for less from their pension portfolios.

CBO Projects, the award-winning Channel Islands consultancy, is delighted to announce the addition of a Senior Data Solutions Consultant in Jersey, and a Consultant and Junior Consultant in Guernsey.

Anya Van Heerden is the newest member of CBO’s growing team in Jersey and brings an impressive skillset to her role as Senior Data Solutions Consultant. She has a Master’s degree in Applied Mathematics and a wealth of experience in data analytics, risk management and business intelligence.

Throughout Anya’s career, she has excelled in facilitating cross-functional collaboration and implementing process improvements that enhance data governance, risk reporting and platform development, as well as solving complex data challenges. She is looking forward to utilising her expertise to design and implement impactful data solutions that help her clients to leverage their data.

The CBO team in Guernsey has recently gained a new Consultant, Summer Rodrigues Rito, who has a diverse background in project and change management, and has led key initiatives in both the public and private sectors. Her experience spans across multiple industries and she has successfully managed projects in health and social care, consultancy and technology.

Summer brings a practical and results-driven approach to projects and ensures her clients receive clear, actionable solutions tailored to their needs. When she’s not consulting on projects, Summer teaches yoga and will soon be hosting her first retreat in Madeira.

Rachel Brereton has also joined the Guernsey team as a Junior Consultant and begun CBO’s two-year personal development pathway, which will provide professional qualifications, hands-on experience and mentoring.

With a positive attitude, eagerness to learn and an aptitude for problem-solving, Rachel is looking forward to expanding her skillset and building on her previous project management experience, to make a meaningful contribution to CBO and her clients.

CBO has clients across Guernsey, Jersey, the UK, and beyond. They specialise in change management, project services, assurance, and business analysis across a wide range of sectors, including finance, utilities, government, legal, insurance, and retail.

Founder and Chief Executive Officer of CBO Projects, Philip Smith, said: “We’re really pleased to welcome Anya, Summer and Rachel to the team. Each of them brings something different to the table – fresh perspectives, valuable experience, and the kind of practical skills our clients rely on. At CBO, we’re focused on doing great work with great people. Growing our team in Jersey and Guernsey with talent like this helps us keep delivering on that.”

Find out more about CBO Projects at www.cboprojects.com.