We offer a broad range of commission and charging options, giving you control over the level of commission required and the charges under a particular plan.
Annual Management Charge (AMC)
Internally managed funds
- We have a choice of AMCs (depending on commission being taken) for our internally managed funds
- 1% annual AMC for most internally managed funds/standard commission option
Externally managed funds
Commission structure
Term-dependent, reducing when term falls below 15 years.
Regulars
- Level commission 3%
- Initial commission 45% of LAUTRO
- Fund-based commission 0.27%
Single payments and transfers
- 5% initial commission
- 0.45% fund based commission
- Mixture of above
- You can take up to 0.5% fund-based remuneration on regulars, singles and transfers by increasing the AMC on an explicit basis
- Maximum limit of £6,000 that will be paid in initial commission
- Any excess commission above this amount can be taken as fund-based commission or used to reduce the AMC. These depend on client's individual circumstances
- Please refer to the Adviser Commission Guide
Charges
- Charge for managing and investing in the plan, which is taken on a regular basis
- Our standard AMC is 1% for most internal funds
- We may change the charges, for example, if costs turn out to be much higher than expected
- External fund mangers have the power to change any charges on their funds
- No charges* for transfer / paid up policies
- No charges* for early / late retirement
- Ability to start, stop or change contributions, usually without charge
*Market value reductions may apply if invested in the Unitised With-Profits Fund
Important notice
Please note that charges, terms and limits may change. We may change the selection of funds that we make available. There may be restrictions on the amount that can be invested in certain funds. Please contact us for details of any restrictions that apply. Tax treatment depends on the individual circumstances of your client and may be subject to change in the future.
