Common use of PAYING FOR SERVICES Clause in Contracts

PAYING FOR SERVICES. 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 brochures relating to the portfolios concerned. If you require advice on matters unrelated to PJAPS, Xxxxxxxxx Xxxxxxx will provide you with a separate Client Agreement which will provide details of our services and our fees. Xxxxxxxxx Xxxxxxx will always specify at the outset if any work undertaken will involve you in paying fees and will require your agreement before any work can be undertaken. If you arrange an investment product through Xxxxxxxxx Xxxxxxx, it is possible that other taxes or costs may exist that are not paid through the product provider or imposed by it. Material Interest We will act honestly, fairly and professionally - known as conducting business in ‘client’s 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 client’s 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. Proposal / Application Forms 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 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 do this, you may 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 submitted in the event of non-disclosure.

PAYING FOR SERVICES. The Profession Jockeys Association Pension Scheme (PJAPS) meets Not all firms charge for advice in the costs 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 provision 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 FEES 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 £735 to £1,350. Our Financial Planning fee for our LifeWealth Design service is £2,000. 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 0.6% of the value of investments under management, depending on the intensity of the review service we provide, with a minimum charge of £500 per annum. For our LifeWealth Design service we charge a fee equivalent to 1.0% of the value of your personal pension policy investments under management, with Aegon, by paying fees to Xxxxxxxxx Xxxxxxxa minimum charge of £2,000 per annum. These fees include This annual fee includes the cost of dealing with basic queries from members of PJAPS, but not the provision of individual financial advice, nor of ongoing investment advice and managementyour annual planning fee. In the event that we do not recommend the implementation of any pension or investment policies, beyond the ‘default investment funds’ offered to PJAPS members. Xxxxxxxxx Xxxxxxx you will provide individual only pay our pre-agreed 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 brochures relating to the portfolios concernedfee. If you require advice on matters unrelated to PJAPSwe do recommend a new pension or investment policy, Xxxxxxxxx Xxxxxxx will provide you with a separate Client Agreement which will provide details of our services and our fees. Xxxxxxxxx Xxxxxxx will always specify at the outset if any work undertaken will involve you in paying fees and will require your agreement before any work can be undertaken. If you arrange an investment product through Xxxxxxxxx Xxxxxxx, it is possible that other taxes or costs may exist that are not paid through the product provider or imposed by itto deduct our fees from this policy, we will offer you this choice. Material Interest MATERIAL INTEREST We will act honestly, fairly and professionally - known as conducting business in ‘client’s best interestClients 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 client’s clients 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. Proposal / Application Forms It is RIGHTS TO CANCEL We will inform you of your responsibility statutory right to provide complete and accurate information to us (and to insurers) when cancel. The Distance Marketing Directive normally grants 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 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 do this, 30 days in which you may render your policy voidcancel a life or pension contract. It However there will be occasions where no statutory rights are granted, however this will be explained before any contract 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 submitted in the event of non-disclosureconcluded.

PAYING FOR SERVICES. The Profession Jockeys Association Pension Scheme (PJAPS) meets Not all firms charge for advice in the costs 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 provision 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 FEES 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 personal pension policy investments under management, with Aegon, by paying fees to Xxxxxxxxx Xxxxxxxa minimum charge of £5,000 per annum. These fees include This annual fee includes the cost of dealing with basic queries from members of PJAPS, but not the provision of individual financial advice, nor of ongoing investment advice and managementyour annual planning fee. In the event that we do not recommend the implementation of any pension or investment policies, beyond the ‘default investment funds’ offered to PJAPS members. Xxxxxxxxx Xxxxxxx you will provide individual only pay our pre-agreed 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 brochures relating to the portfolios concernedfee. If you require advice on matters unrelated to PJAPSwe do recommend a new pension or investment policy, Xxxxxxxxx Xxxxxxx will provide you with a separate Client Agreement which will provide details of our services and our fees. Xxxxxxxxx Xxxxxxx will always specify at the outset if any work undertaken will involve you in paying fees and will require your agreement before any work can be undertaken. If you arrange an investment product through Xxxxxxxxx Xxxxxxx, it is possible that other taxes or costs may exist that are not paid through the product provider or imposed by itto deduct our fees from this policy, we will offer you this choice. Material Interest MATERIAL INTEREST We will act honestly, fairly and professionally - known as conducting business in ‘client’s best interestClients 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 client’s clients 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. Proposal / Application Forms It is RIGHTS TO CANCEL We will inform you of your responsibility statutory right to provide complete and accurate information to us (and to insurers) when cancel. The Distance Marketing Directive normally grants 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 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 do this, 30 days in which you may render your policy voidcancel a life or pension contract. It However there will be occasions where no statutory rights are granted, however this will be explained before any contract 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 submitted in the event of non-disclosureconcluded.

PAYING FOR SERVICES. The Profession Jockeys Association Pension Scheme (PJAPS) meets Not all firms charge for advice in the costs 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 provision of your personal pension policy with Aegon, by paying engagement letter we will issue before providing any advisory services. We charge 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 for our professional services which includes advice, nor of investment implementation and review. We do not currently charge VAT on our fees. Our fees are based on the time required to provide advice and managementservice to you, beyond and the ‘default investment funds’ offered level of expertise and responsibility involved. OUR FEES Our specific fees will be stated in the engagement letter we will send to PJAPS membersyou. Xxxxxxxxx Xxxxxxx will provide individual Our typical charges are: Advice – Our project fees for advice on various aspects a specific area range from £250 to £1,995 depending on the work involved and level of pension planningcomplexity. This fee will be confirmed in writing and will be invoiced to you once we have delivered our advice to your satisfaction. Alternatively, such in some instances we may be able to take this fee from any product we arrange on your behalf. Implementation of new investments and/or arrangements – If you would like us to set up an investment and/ or other arrangement following our advice, our fees are as follows: Initial fee Between 0.5% and 2% (subject to a review maximum of your benefits from other pension schemes£5,000) As an example, we would charge an implementation fee of £1,000 on an investment of £50,000 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 also make our range do not charge for the arrangement of ‘Select Portfolios’ of investment funds available direct offer investments. Review and ongoing service – In order 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 brochures relating to the portfolios concerned. If you require advice on matters unrelated to PJAPS, Xxxxxxxxx Xxxxxxx will provide you with a separate Client Agreement which ongoing advice and support we charge between 0.25% and 1% per annum of the value of the assets under our 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 provide be confirmed in writing in your engagement letter. We offer three different levels of ongoing service, depending on your needs. Please see table below for details of our services and our fees. Xxxxxxxxx Xxxxxxx will always specify minimum fees for 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 the outset if any work undertaken will involve you in paying fees and will require your agreement before any work can be undertaken. If you arrange an investment product through Xxxxxxxxx Xxxxxxx, it is possible that other taxes or costs may exist that are not paid through the product provider or imposed by it. Material Interest We will act honestly, fairly and professionally - known as conducting business in ‘client’s 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 client’s conflict 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. Proposal / Application Forms 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 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 do this, you may 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 submitted in the event of non-disclosureno minimum annual fee.