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Spotlight On … Cianon Yeo – Receptionist

Blacktower already has a long and successful history in the sector, how will you and your colleagues continue to offer value to clients in the next 20 years and beyond?

There’s a real energy in head office and there are always discussions around new ideas, ventures and people joining the Blacktower family. I love being part of that. I think the most important thing for me is to be flexible in my job – if someone needs help with something urgently, I will jump in to do what I can.

Head office is all about providing support for Blacktower at an international level, so I can often find myself talking to our people in all parts of the world on a daily basis. I am learning more about each head office department every day, so that I can help where required. It’s so true that team work makes the dream work.

Tell us an interesting fact about yourself

I am the only born and bred Gibraltarian in the office, I was brought up here and have never lived anywhere else. It’s a lively yet very safe place to live – except for our roads. For anyone who hasn’t had the pleasure of visiting, it’s akin to Ho Chi Minh City – mopeds everywhere vying for position on our crowded roads. Along with the increasing number of electric scooters around now, you take your life in your hands on our roads. Nonetheless, I have just applied for my scooter licence and hope to buy one shortly, but I have been told I drive like a granny, so you have nothing to fear from me!

Related News

The Pensions Black Hole

Meeting financial advisorThere’s quite a buzz around pensions at the moment – and rightly so, as they provide the backbone of our income in our later years. But currently, pension deficits are hitting the news, and figuring them out can still prove difficult.

Pension deficits concern what are commonly known as “final salary pensions” or Defined Benefit schemes.   Final salary or defined benefit (DB) schemes are essentially occupational pension schemes that provide a set level of pension at retirement, the amount of which normally depends on your service and earnings at retirement or in the years immediately preceding when you retire. Because your pensionable salary is used as one part of the formula in order to calculate your pension, a final salary scheme is commonly referred to as a ‘salary related’ scheme. Two common examples of ‘final pensionable salary’ would be your last year’s pensionable earnings or an average of your last 3 years’ pensionable salary.

Recently, there have been high-profile failures of these systems, such as the folding of Monarch Airlines – and the collapse of their pension fund. Initially, it appeared that owners could still walk away with a profit (after new hands tried to turn the airline into a more accessible and “Ryanair-like” product) by offloading debts, and this included dropping the pension fund. Ironically, this was once a major credit to the business. The fund, which is now in the Pension Protection Fund (PPF), had been under speculation of being left short when the business first began to struggle back in 2014, after years of asset-stripping.

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Client Bulletin

Blacktower LogoThe health and safety of our clients and all associated with our company is of paramount importance and as such we would like to share some information about the steps we have taken to ensure the welfare of all those concerned. Our response takes account of WHO and local Governmental guidance in addition to our existing business continuity and scenario planning.
 

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