Common use of PAYING FOR SERVICES Clause in Contracts

PAYING FOR SERVICES. Not all firms charge for advice in the same way. We will discuss your payment options with you and answer any questions you may have. We will not charge you anything until you have agreed how we are paid by signing a copy of the engagement letter we will issue before providing any advisory services. We charge fees for our professional services which includes advice, implementation and review. We do not currently charge VAT on our fees. Our fees are based on the time required to provide advice and service to you, and the level of expertise and responsibility involved. Our specific fees will be stated in the engagement letter we will send to you. Our typical charges are: ▪ Advice – our project fees for advisory services generally range from £595 to £1,250. Our Financial Planning fee for our LifeWealth Design service is £2,500. We will invoice you for the advice fee on the satisfactory completion of the advice services described in your engagement letter. ▪ Implementation of new investments and/or arrangements – for advisory services we typically charge an implementation fee of 2.0% of the amount invested, with a minimum charge of £250. ▪ Review and ongoing service – we typically charge a fee equivalent to 0.5% or 1.0% of the value of investments under management, depending on the intensity of the review service we provide, with a minimum charge of £375 per annum. For our LifeWealth Design service we charge a fee equivalent to 1.0% of the value of your investments under management, with a minimum charge of £5,000 per annum. This annual fee includes the cost of ongoing investment advice and your annual planning fee. In the event that we do not recommend the implementation of any pension or investment policies, you will only pay our pre-agreed advice fee. If we do recommend a new pension or investment policy, and it is possible to deduct our fees from this policy, we will offer you this choice. We will act honestly, fairly and professionally known as conducting business in ‘Clients Best Interest’ regulations. Occasionally situations may arise where we or one of our other clients have some form of interest in business transacted for you. If this happens or we become aware that our interests or those of one of our other clients conflict with your interest, we will write to you and obtain your consent before we carry out your instructions, and detail the steps we will take to ensure fair treatment. We will inform you of your statutory right to cancel. The Distance Marketing Directive normally grants you 30 days in which you may cancel a life or pension contract. However there will be occasions where no statutory rights are granted, however this will be explained before any contract is concluded.

PAYING FOR SERVICES. Not all firms charge for advice in the same way. We will discuss your payment options with you and answer any questions you may have. We will not charge you anything until you have agreed how we are paid by signing a copy of the engagement letter we will issue before providing any advisory services. We charge fees for our professional services which includes advice, implementation and review. We do not currently charge VAT on our fees. Our fees are based on the time required to provide advice and service to you, and the level of expertise and responsibility involved. Our specific fees will be stated in the engagement letter we will send to you. Our typical charges are: ▪ Advice – our Our project fees for advisory services generally advice on a specific area range from £595 250 to £1,250. Our Financial Planning fee for our LifeWealth Design service is £2,500. We will invoice you for the advice fee 1,995 depending on the satisfactory completion work involved and level of the complexity. This fee will be confirmed in writing and will be invoiced to you once we have delivered our advice services described to your satisfaction. Alternatively, in some instances we may be able to take this fee from any product we arrange on your engagement letterbehalf. ▪ Implementation of new investments and/or arrangements – for advisory services If you would like us to set up an investment and/ or other arrangement following our advice, our fees are as follows: Between 0.5% and 2% (subject to a maximum of £5,000) As an example, we typically would charge an implementation fee of 2.0% of the amount invested, with a minimum charge £1,000 on an investment of £25050,000 and £1,500 on an investment of £150,000. ▪ If our advice does not result in a recommendation to arrange any financial product you will only pay our agreed advice fee. In addition, if you wish to arrange any subsequent arrangement yourself we are more than happy for you to do so. We do not charge for the arrangement of direct offer investments. Review and ongoing service – In order to provide you with ongoing advice and support we typically charge a fee equivalent to 0.5between 0.25% or 1.0and 1% per annum of the value of investments the assets under managementour advice, paid monthly either by standing order or by deduction from your investment / pension where permitted. The precise fees are dependent on the level of funds held with us and will be confirmed in writing in your engagement letter. We offer three different levels of ongoing service, depending on the intensity of the review service we provide, with a minimum charge of £375 per annumyour needs. For our LifeWealth Design service we charge a fee equivalent to 1.0% of the value of your investments under management, with a minimum charge of £5,000 per annum. This annual fee includes the cost of ongoing investment advice and your annual planning fee. In the event that we do not recommend the implementation of any pension or investment policies, you will only pay our pre-agreed advice fee. If we do recommend a new pension or investment policy, and it is possible to deduct our fees from this policy, we will offer you this choice. We will act honestly, fairly and professionally known as conducting business in ‘Clients Best Interest’ regulations. Occasionally situations may arise where we or one Please see table below for details of our other clients have some form of interest in business transacted minimum fees for you. If this happens or we become aware that our interests or those of one of our other clients conflict these services: Service Proposition Minimum equivalent monthly fee IQ Premier £100 per month Financial Planning £50 per month Financial Advice None Direct offer investments are charged at 0.5% per annum with your interest, we will write to you and obtain your consent before we carry out your instructions, and detail the steps we will take to ensure fair treatment. We will inform you of your statutory right to cancel. The Distance Marketing Directive normally grants you 30 days in which you may cancel a life or pension contract. However there will be occasions where no statutory rights are granted, however this will be explained before any contract is concludedminimum annual fee.

PAYING FOR SERVICES. Not all firms charge for The Profession Jockeys Association Pension Scheme (PJAPS) meets the costs of the provision of your personal pension policy with Aegon, by paying fees to Xxxxxxxxx Xxxxxxx. These fees include the cost of dealing with basic queries from members of PJAPS, but not the provision of individual financial advice, nor of investment advice and management, beyond the ‘default investment funds’ offered to PJAPS members. Xxxxxxxxx Xxxxxxx will provide individual advice on various aspects of pension planning, such as a review of your benefits from other pension schemes. We also make our range of ‘Select Portfolios’ of investment funds available to PJAPS members. However, the CM Select Portfolios are subject to additional costs that will be deducted directly from your pension fund if you take advantage of them. Details are given in the same waybrochures relating to the portfolios concerned. We If you require advice on matters unrelated to PJAPS, Xxxxxxxxx Xxxxxxx will discuss your payment options provide you with you a separate Client Agreement which will provide details of our services and answer any questions you may have. We will not charge you anything until you have agreed how we are paid by signing a copy of the engagement letter we will issue before providing any advisory services. We charge fees for our professional services which includes advice, implementation and review. We do not currently charge VAT on our fees. Our Xxxxxxxxx Xxxxxxx will always specify at the outset if any work undertaken will involve you in paying fees are based on the time required to provide advice and service to you, and the level of expertise and responsibility involved. Our specific fees will require your agreement before any work can be stated in the engagement letter we will send to you. Our typical charges are: ▪ Advice – our project fees for advisory services generally range from £595 to £1,250. Our Financial Planning fee for our LifeWealth Design service is £2,500. We will invoice you for the advice fee on the satisfactory completion of the advice services described in your engagement letter. ▪ Implementation of new investments and/or arrangements – for advisory services we typically charge an implementation fee of 2.0% of the amount invested, with a minimum charge of £250. ▪ Review and ongoing service – we typically charge a fee equivalent to 0.5% or 1.0% of the value of investments under management, depending on the intensity of the review service we provide, with a minimum charge of £375 per annum. For our LifeWealth Design service we charge a fee equivalent to 1.0% of the value of your investments under management, with a minimum charge of £5,000 per annum. This annual fee includes the cost of ongoing investment advice and your annual planning fee. In the event that we do not recommend the implementation of any pension or investment policies, you will only pay our pre-agreed advice feeundertaken. If we do recommend a new pension or you arrange an investment policyproduct through Xxxxxxxxx Xxxxxxx, and it is possible to deduct our fees from this policy, we will offer you this choicethat other taxes or costs may exist that are not paid through the product provider or imposed by it. We will act honestly, fairly and professionally - known as conducting business in ‘Clients Best Interestclient’s best interest’ regulations. Occasionally situations may arise where we we, or one of our other clients have some form of interest in business transacted for you. If this happens happens, or we become aware that our interests or those of one of our other clients client’s conflict with your interest, we will write to you and obtain your consent before we carry out your instructions, instructions and detail the steps we will take to ensure fair treatment. We will inform It is your responsibility to provide complete and accurate information to us (and to insurers) when you effect/renew a policy or investment or exercise any option under any policy. You must also notify either the insurer or ourselves of any relevant facts concerning your statutory right health or personal/financial circumstances that arise between the date you sign a proposal form and the date your new policy comes into force. If you fail to cancel. The Distance Marketing Directive normally grants you 30 days in which do this, you may cancel a life render your policy void. It is important that you ensure that all statements you make on proposal forms, claim forms and other documents are full and accurate. We cannot be held responsible for incorrect data held or pension contract. However there will be occasions where no statutory rights are granted, however this will be explained before any contract is concludedsubmitted in the event of non-disclosure.

PAYING FOR SERVICES. Not all firms charge for advice in the same way. We will discuss your payment options with you and answer any questions you may have. We will not charge you anything until you have agreed how we are paid by signing a copy of the engagement letter we will issue before providing any advisory services. We charge fees for our professional services which includes advice, implementation and review. We do not currently charge VAT on our fees. Our fees are based on the time required to provide advice and service to you, and the level of expertise and responsibility involved. Our specific fees will be stated in the engagement letter we will send to you. Our typical charges are: ▪ Advice – our project fees for advisory services generally range from £595 735 to £1,2501,350. Our Financial Planning fee for our LifeWealth Design service is £2,5002,000. We will invoice you for the advice fee on the satisfactory completion of the advice services described in your engagement letter. ▪ Implementation of new investments and/or arrangements – for advisory services we typically charge an implementation fee of 2.0% of the amount invested, with a minimum charge of £250. ▪ Review and ongoing service – we typically charge a fee equivalent to 0.5% or 1.00.6% of the value of investments under management, depending on the intensity of the review service we provide, with a minimum charge of £375 500 per annum. For our LifeWealth Design service we charge a fee equivalent to 1.0% of the value of your investments under management, with a minimum charge of £5,000 2,000 per annum. This annual fee includes the cost of ongoing investment advice and your annual planning fee. In the event that we do not recommend the implementation of any pension or investment policies, you will only pay our pre-agreed advice fee. If we do recommend a new pension or investment policy, and it is possible to deduct our fees from this policy, we will offer you this choice. We will act honestly, fairly and professionally known as conducting business in ‘Clients Best Interest’ regulations. Occasionally situations may arise where we or one of our other clients have some form of interest in business transacted for you. If this happens or we become aware that our interests or those of one of our other clients conflict with your interest, we will write to you and obtain your consent before we carry out your instructions, and detail the steps we will take to ensure fair treatment. We will inform you of your statutory right to cancel. The Distance Marketing Directive normally grants you 30 days in which you may cancel a life or pension contract. However there will be occasions where no statutory rights are granted, however this will be explained before any contract is concluded.