FIL PENSIONS MANAGEMENT

PaymentCheck Score 2024
100Excellent
#13 in UK
#2 in Financial Services
#4 in South East

Company Information

Company Number
02015142
Registered Address
Beech Gate Millfield Lane, Lower Kingswood, Tadworth, Surrey, United Kingdom, KT20 6RP
Status
Active
Employee Count
0
Turnover
£213,417,000
EBITDA
-£16,146,000

Additional Details

Company Type
Private unlimited company
Incorporated On
29 April 1986
Nature of Business
64999 - Financial intermediation not elsewhere classified
Industries
Financial Services
Region
South East

Time to Pay

Average Time to Pay
8 days
Shortest Period:60 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
100%
31-60 Days
0%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2024 - 30 Jun 202426 Jul 20248100%0%0%0%
01 Jan 2021 - 30 Jun 202130 Jul 2021420%100%0%100%
01 Jan 2019 - 30 Jun 201924 Jul 201915100%0%0%0%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

The Company’s standard contractual payment terms for all qualifying contracts are payments within 60 days after invoice receipt date and they are the maximum payment terms the Company has with suppliers. Other payment terms may apply after negotiation with suppliers without ever exceeding above mentioned maximum payment terms. The agreed payment terms are subsequently reflected in our contractual documentation and accounting system. There were no changes to standard payment terms in the reporting period.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

60

Dispute Resolution Process

Invoices should be submitted in PDF format to invoices.fidelity@fil.com; any supplier communications including dispute or concern matters should be sent in the first instance to p2p.uk@fil.com. The supplier and the Company shall use all reasonable endeavours to discuss and resolve any payment dispute. If the parties cannot resolve the dispute within five working days, the dispute shall be referred in the second instance to the immediate manager for discussion and in the third instance to a Senior officer of the Company.

Other Payment Information

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

Does this business offer e-invoicing in relation to qualifying contracts?

This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.

Does this business offer supply chain finance?

This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.

Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

FIL PENSIONS MANAGEMENT is a UK-based pension management company that offers a range of financial services to individuals and businesses. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact.

Their sustainability program includes measures such as reducing their carbon footprint, promoting responsible investing, and supporting community projects. They have also implemented a recycling program and use renewable energy sources in their offices.

The company offers a variety of pension products and services, including workplace pensions, personal pensions, and self-invested personal pensions (SIPPs). They also offer financial planning and investment management services to help individuals and businesses achieve their retirement goals.

The key people at FIL PENSIONS MANAGEMENT include CEO Alison Jefferis and Managing Director Richard Parkin. They have a team of experienced financial professionals who are dedicated to providing high-quality services to their clients.

The company's website address is www.fidelity.co.uk/pensions, where individuals can find information about their products and services, as well as useful resources and tools to help with retirement planning. Their registered office address is Oakhill House, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent TN11 9DZ.

In summary, FIL PENSIONS MANAGEMENT is a leading pension management company in the UK that prioritizes sustainability and offers a range of pension products and services. With a team of experienced professionals and a commitment to responsible investing, they aim to help individuals and businesses achieve a secure and sustainable retirement.

Financial Metrics

Cash
£8,065,000
Net Worth
£113,215,000
Total Current Assets
£143,574,000
Total Current Liabilities
£16,438,000

Company Location