Pilling & Co’s nominee company St Ann’s Square Nominees Limited (SASNL) is named after our previous Head Office address which we occupied from 1893 to 2000 until our move to Henry Pilling House.

With the standard rolling settlement system down from 10 days to just 3 days it is impossible to guarantee meeting settlement deadlines without holding your investments in a nominee company.

The benefits of holding stock in our nominee company are:

• free of charge*

• no certificates for you to keep in a safe place

• simple, speedy delivery and payment for stocks

• dividends collected for you and tax vouchers provided

• information provided about rights issues etc.

* If a stock is not purchased through, or is not a result of a purchase through Pilling & Co (i.e. a rights issue), then  a £20 + vat fee per stock will be charged when transferring out. This fee also applies when transferring stock out from an account it was not originally purchased through.

SASNL is a completely separate legal entity from Pilling & Co.  Your investments enjoy a trust status and do not form part of the assets of either St Ann’s Square Nominees Limited or Pilling & Co both of which are regularly inspected by our auditors KPMG and our regulator, The Financial Services Authority.

The activities of SASNL are not reportable transactions for Company Law purposes.  Since it is a dormant company whose financial failure is impossible, the only feasible risk to your investment is from fraud or negligence in handling your assets.  This remote risk is well covered by a firm contract between Pilling & Co, its clients and St. Ann’s Square Nominees Limited in which Pilling & Co always accepts liability for every aspect and activity of St Ann’s Square Nominees Limited.

To support this commitment we maintain voluntary financial risk insurance of up to £1million per claim.  In addition to this you may also have a right to claim up to £48,000 from the government sponsored Financial Services Compensation Scheme (FSCS).  To further put your mind at ease, we have written confirmation from the Stock Exchange that if you were to go back 100 years you would not find a case where a client had lost stock in a stockbrokers nominee company as a result of a firm going “bust.”

To open a nominee account please complete our Nominee Agreement or the relevant section in our Client Agreement.