Commission Disclosure

For arranging an ISA investment, the maximum amount of commission that we will receive from the ISA provider will be £40 on each £1,000 subscribed and 1% per year of the fund value. For example, if your fund were worth £1,000 we would receive £10 per year, if it were worth £7,000 we would receive £70 a year. Renewal commission is normally received quarterly, half yearly or annually.

For arranging a unit trust/OEIC investment, the maximum amount of commission that we will receive from the unit trust/OEIC provider will be £30 on each £1,000 subscribed and 0.5% per year of the fund value. For example, if it were worth £1,000 we would receive £5 per year, if it were worth £7,000 we would receive £35 a year. Renewal commission is normally received quarterly, half yearly or annually.

For arranging an investment bond the maximum amount of commission that we will receive from the bond provider will be £70 on each £1,000 subscribed and 0% per year of the fund value. For example, if it were worth £1,000 we would receive £0 per year, if it were worth £7,000 we would receive £0 a year.

The above commissions are the maximum amounts payable. In most cases, the commission payments will be less than the figures quoted. The commissions quoted are the gross amounts payable before our discounts are applied. For example, if we arranged an ISA, where 3% initial commission was payable and a 3% discount applied, we would receive 0% initial commission for arranging the transaction. We would, however, retain the renewal commission payment which is typically 0.5% per annum of the ongoing value of the investment, subject to our cashback policy.

For personal pensions, AVC's, endowment plans and protection policies, we will send you a quotation prior to you completing a proposal form. The quotation will give details of the amounts of commission payable, based on the level of contribution you wish to make.