Legal & Regulatory Information

Heronsgate Capital LLP is a limited liability partnership, registered in England & Wales with registration number OC430243 and registered office at 181 Queen Victoria Street, London, EC4V 4EG. Heronsgate Capital LLP is authorised and regulated by the Financial Conduct Authority. FCA Firm Reference Number 933757. Further information about Heronsgate Capital LLP is available on the Financial Services Register at https://www.fca.org.uk/firms/financial-services-register. 

Heronsgate Capital LLP offers wealth management services. This website, including the client portal, is provided for information purposes only and should not be construed as constituting advice to individuals or a personal recommendation and does not take into account the particular investment objectives, financial situations or needs of individuals. Nor is it an enticement or recommendation to invest in any of the investment strategies or funds mentioned. Always seek professional advice before making investment decisions. Heronsgate Capital LLP accepts no liability to recipients of this information acting independently on its contents. 

The value of investments and the income from them are not guaranteed and can fall as well as rise and individuals may not get back their original investment. 

It should be remembered that past performance is not necessarily a guide to future performance. 

Investments in funds denominated in foreign currencies carry additional risks due to the movements in exchange rates between sterling and the foreign currency. 

If performance is denominated in a currency other than that of the country in which an individual is resident, the return may increase or decrease as a result of currency fluctuations. 

Some of the investments mentioned are not always immediately realisable. 

Where investments have particular tax features, these depend on individual circumstances and tax rules are subject to change in the future. The information provided is based on our current understanding of Inland Revenue rules and pensions legislation, which will change from time to time. It should be noted that the Financial Conduct Authority does not regulate personal tax advice. 

The information, opinions and conclusions provided on this website are those of Heronsgate Capital LLP and are subject to change without notice. While every effort is made to keep the information on this site and in the online valuations up to date and correct, its accuracy and completeness is not guaranteed therefore Heronsgate Capital LLP and its agents shall not be held liable for any damages, including without limitation any loss of business or profits, arising in contract, tort or otherwise nor for any indirect or consequential loss arising from the use of any information  contained in this site, or from any actions taken as a result of using this site or the client portal. 

Complaints relating to Heronsgate Capital LLP should be addressed to the Compliance Officer at the following address: 181 Queen Victoria Street, London, EC4V 4EG. If you are unhappy with our response, which we must have provided to you within eight weeks, you can contact the Financial Ombudsman at The Financial Ombudsman Service, Exchange Tower, London E14 9SR or +44 (0)800 023 4567 or complaint.info@financial-ombudsman.org.uk. For more information please visit www.financial-ombudsman.org.uk.

In the United Kingdom, Heronsgate Capital LLP is covered by the Financial Services Compensation Scheme (FSCS). Clients of Heronsgate Capital LLP  may be entitled to compensation from the FSCS if we are unable to meet our obligations to them.  Further information about the FSCS is available from: The Financial Services Compensation Scheme, 10th Floor Beaufort House, 15 St. Botolph Street, London EC3A 7QU Telephone: 0800 678 1100 Website: www.fscs.org.uk.

Copyright and Reproduction Notice

Copyright © 2024 Heronsgate Capital LLP. All rights reserved. The content of this website is protected under international copyright conventions.  Reproduction is not permitted other than for personal use. 

External Sites

This website may contain links to external websites. Heronsgate Capital LLP are not responsible for the content or operation of any such external sites and disclaims all liability, howsoever occurring, in respect of the content or operation of any such external websites. 

Remuneration Disclosure – MIFIDPRU 8.6

Introduction

Heronsgate is subject to the FCA Rules on remuneration as they apply to a small and non-interconnected (SNI) MIFIDPRU investment firm. These are contained in the FCA’s MIFIDPRU Remuneration Code located in SYSC19G of the FCA’s Handbook.

Approach to Remuneration for all staff

Employees have the opportunity to share in the success of the business in years of good performance and receive reduced levels of discretionary, variable (bonus) payments at other times.

Heronsgate does not remunerate or assess the performance of its staff in a way that conflicts with its duty to act in the best interests of its clients.

Heronsgate does not make any arrangement by way of remuneration, sales targets or otherwise that could provide an incentive to its staff to recommend a particular financial instrument to a client when the firm could offer an alternative financial instrument which would better suit the client’s needs.

Heronsgate is mindful of ensuring that its remuneration policy and practices do not lead to a conflict of interest or incentivise its staff to act in a manner that favours their own interests or the firm’s interests to the potential detriment of any client or potential client.

Objectives of financial incentives

Heronsgate’s Remuneration Policy provides a framework to ensure all staff are fairly and competitively rewarded in return for a high level of service to the firm and its clients. In setting remuneration levels Heronsgate recognises the importance of attracting and retaining experienced staff. The amount of fixed remuneration paid to an employee is based on market rates relevant to the employee’s role and their knowledge, experience, and competencies. Discretionary bonuses may be made to employees to reward them for good performance with a view to increasing and maintaining their productivity.

Decision Making

Senior management shall be responsible for the implementation of this policy as well as the monitoring of compliance risks associated with it. This policy will be reviewed and approved by the management body at least annually to ensure it continues to remain fit for purpose with input from the firm’s Compliance Officer.

Characteristics of Remuneration Policy and Practices

Remuneration typically comprises of fixed and variable elements. Fixed remuneration consists of base salary, pension contribution and may consist of other benefits such as health cash back plans, private medical insurance, life assurance and income protection insurance, which together constitute the fixed payment made to an employee for their services.

Heronsgate has defined variable pay as annual discretionary bonus, which is awarded based on the performance of the business, and individual performance. Heronsgate’s policy on variable remuneration is to set aside a proportion of the firm’s profits to form a bonus pool out of which awards will be made. The total bonus pool amount is determined by reference to Heronsgate’s risk-adjusted criteria, which include both quantitative and qualitative measures.

The firm will ensure that remuneration and similar incentives will not be solely or primarily based on quantitative commercial criteria. Consequently, the firm will take into account appropriate qualitative criteria (for example, behavioural measures such as client or 360 feedback) which shall encompass adherence with relevant regulations, fair treatment of clients and the quality of services provided to clients.

Heronsgate ensures it always maintains a balance between fixed and variable components of remuneration, to mitigate any conflicts of interest between the firm, its staff and its clients.

Remuneration for year ending 2023/2024