Further to our initial Coronavirus/COVID -19 update, we have been keeping a close eye on the developments of the COVID-19 pandemic and the appropriate measures recommended by the government and we are pleased to be able to reconfirm our position.
We have a robust continuity plan in place and will continue to adapt it where needed. We would like to assure you that through the use of cloud based tools, virtual meetings and our digital application process, as well as now accepting scans of applications, we remain open for business and ready to tackle the tax year end.
We acknowledge that there may be slight delays to ancillary services as we navigate this period of uncertainty, however, rest assured we will continue working hard to provide a strong level of support to our advisers and investors at this busy time of year by prioritising processing applications and being available for any questions you may have. Kuber is ahead of the market in terms of our automation and digitisation; as such our service levels should not be as negatively impacted as others given many of us are now working remotely.
If you are struggling with the limitations of isolation, Kuber have the following solutions to assist you with a contactless and paperless application process:
- Our digital applications via the MyKuber portal have the capability to be digitally signed by both the adviser and the investor from the comfort of their own home.
If you would like a demonstration of how to complete a digital application, please contact your Business Development Manager or our Customer Experience Executive, Claire Poole, on 020 7952 1208.
- We can also accept scans or high quality photos of application forms and AML emailed to Woodside Corporate Services (our receiving agent) by either the client or the adviser from the email address noted on the application and with the other party cc’d.
- For bank transfers to the following account:
Bank name: Metro Bank
Bank address: One Southampton Row, London, WC1B 5HA
Reference: [surname and initials]
Name: WCSL Kuber EIS Client Acc
Account Number: 16007145
Sort code: 23 05 80
Are your clients nervous to invest amid the current market uncertainty?
In times of uncertainty, the EIS tax structure offers far more downside protection than traditional equity markets with 30% covered in the initial tax relief and a further 30% covered by loss relief on EIS qualifying shares. There is also a considerably lower correlation with the markets than traditional investments.
Kuber’s Tax Year End Strategy offers a quick and effective way to invest across multiple Managers and secure an appropriate level of diversification to further add downside protection to the investor. We can also provide comprehensive due diligence for the adviser to review and use themselves to help justify their selection.
For an update on deployment capacity for each of our Funds and a list of deadlines, please click here.
Finally, on behalf of everyone at Kuber, we hope you and your loved ones stay safe and healthy during this unprecedented time and we look forward to hopefully resuming our ‘in person’ relations as soon as possible.
For further information
If you have any questions relating to this update please contact us on::
+44 (0) 20 7952 6685