Common use of Approx Clause in Contracts

Approx. 5 to 7 hours For example, if a Financial Adviser spent 7 hours (£1,050 exc. VAT) reviewing the scheme and providing annual governance and the administration services team spent 6 hours (£450 exc. XXX) responding to member queries and processing fund switches, the total annual fee would be: £1,500 (exc. VAT). The ongoing service fee is payable quarterly in advance from the commencement of the service. • Telephone and dedicated email support for new joiners to answer any general queries relating to the pension arrangement • Processing fund switches on a non- advised basis • Providing information on scheme rules, state benefits and retirement options • Arranging benefit payments and lump sums in the event of a member’s death. • Providing support for member leaver queries Optional Payroll Service • Liaising with the client’s payroll department to receive company payroll information as required by the pension scheme provider • Formatting of company payroll information as required by the scheme provider • Uploading payroll information in to the scheme provider system for each payroll run A Fixed fee of £200 plus (The number of scheme members multiplied by £1 multiplied by the number of payroll runs in a year) (exc. VAT) For example, if the scheme has 30 members and the company has a monthly payroll run, then the total annual fee would be £200 + (30 x £1 x 12) = £560 (exc. VAT) The ongoing service fee is payable quarterly in advance from the commencement of the service. Optional Set-up of new joiners of the scheme • Providing new member with scheme details • Setting up new member on the scheme provider system A fixed fee of £100 (exc. VAT) for each new xxxxxx set-up The fee will be invoiced quarterly in arrears What are your payment options? We accept direct payment by cheque, or bank transfer. We do not accept cash or credit cards. Our payment terms for the settlement of invoices are a maximum of 28 working days from the invoice date. If you cancel a workplace pension scheme we arrange on your behalf before you have settled our fees, including cancellation within a statutory cooling off period, you will still be required to settle our invoices for chargeable work we have undertaken on your behalf.

Approx. 5 to 7 hours For example, if a Financial Adviser spent 7 hours (£1,050 exc. VAT) reviewing the scheme and providing annual governance and the administration services team spent 6 hours (£450 exc. XXX) responding to member queries and processing fund switches, the total annual fee would be: £1,500 (exc. VAT). The ongoing service fee is payable quarterly in advance from the commencement of the service. •  Telephone and dedicated email support for new joiners to answer any general queries relating to the pension arrangement •  Processing fund switches on a non- advised basis •  Providing information on scheme rules, state benefits and retirement options •  Arranging benefit payments and lump sums in the event of a member’s death. •  Providing support for member leaver queries Optional Payroll Service •  Liaising with the client’s payroll department to receive company payroll information as required by the pension scheme provider •  Formatting of company payroll information as required by the scheme provider •  Uploading payroll information in to the scheme provider system for each payroll run A Fixed fee of £200 plus (The number of scheme members multiplied by £1 multiplied by the number of payroll runs in a year) (exc. VAT) For example, if the scheme has 30 members and the company has a monthly payroll run, then the total annual fee would be £200 + (30 x £1 x 12) = £560 (exc. VAT) The ongoing service fee is payable quarterly in advance from the commencement of the service. Optional Set-up of new joiners of the scheme •  Providing new member with scheme details •  Setting up new member on the scheme provider system A fixed fee of £100 (exc. VAT) for each new xxxxxx set-up The fee will be invoiced quarterly in arrears What are your payment options? We accept direct payment by cheque, or bank transfer. We do not accept cash or credit cards. Our payment terms for the settlement of invoices are a maximum of 28 working days from the invoice date. If you cancel a workplace pension scheme we arrange on your behalf before you have settled our fees, including cancellation within a statutory cooling off period, you will still be required to settle our invoices for chargeable work we have undertaken on your behalf.