Annuity Charges
All annuity providers will
quote rates net of
charges, including commissions paid to financial
advisers. If you are considering a
conventional or
fixed term annuity then your
concern will be
which company provides the greatest income for your investment. In the case of
fixed term annuities it will also include the highest
return of capital for reinvestment at the end of the term.
Our Our initial advice is always free but at some point
you may look to purchase a financial product and require
a recommendation and help with the application process,
this is when we would expect to charge a fee or receive
a commission payment from the product provider. The following options are
available and will be agreed with you before any chargeable work is
carried out. The option we agree with you will be determined by the
amount of work deemed necessary to fulfil your requirements.
- Option 1 (Commission Only): We will receive a commission payment
from the product provider with whom we arrange a financial contract and you will not
pay a fee
- Option 2 (Fee Only): You will pay a fee. We can either offset
this against any commission that would normally be paid or we will
enhance your investment by removing the commission that would
normally be paid
- Option 3 (Fee and Commission): You will pay a fee and we will receive some or all of the commission
that the contract would normally pay
The amount of commission that we might expect to receive varies
from one contract to another. We will inform you of the amount that we
would expect to receive.Discounts may be available for larger pension funds (£100,000+).
This will be considered on a case by case basis and is
dependent on the amount of work that may be involved in
arranging your retirement plan (for example there is less work when there
is only one pension plan involved or there are no health
issues to be considered)
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