The Financial Intermediary and Brokers Association (FIBA) has announced the appointment of Pension-led Funding, a subsidiary of Clifton Asset Management, to its lender panel.

The facility allows company directors and owners to make use of existing pensions to provide funds for commercial purposes.

Interest is paid back to the pension which can really make a difference to the relative cost when compared with other forms of finance.

Adam Tyler (pictured0, executive chairman at FIBA, said: “Advisers need to be able to access differing funding options which is why I am determined to ensure that our panel represents the widest range of lending sources.

“I am therefore delighted to introduce Pension-led funding to our members. They provide a unique service, which allows business owners to make use of the pension funds they are accruing, to fund all types of commercial funding needs.

“It offers our members a different alternative and gives their clients a broader range of options for their commercial needs.”

Adam Tavener, chairman of Clifton Asset Management, added: “The whole team at Pension-led funding is delighted that we have joined FIBA. We all know that the high quality membership of FIBA is a great match for our innovative and hugely versatile lending product and we are really looking forward to working together.”