Charges and commission

Our charges

  • We allow for our charges when we calculate the income.

Adviser charges

    Advised

    Initial Adviser Charge

  • This is the amount agreed between you and your client for any advice and services you have provided in setting up a Scottish Widows Annuity. The charge is normally a fixed amount taken from the annuity purchase price after payment of any tax free cash.
  •  

    Non-Advised

    Initial Commission

  • Scottish Widows will pay up to 1% of the annuity purchase price (after payment of any Tax Free Cash) for services agreed in setting up a Scottish Widows Annuity. If the Scottish Widows Annuity is set up from an existing Scottish Widows pension product, commission may not be an available option.

 

Important notice
Please note that charges, terms and limits may change. Tax treatment depends on the individual circumstances of your client and may be subject to change in the future.

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Scottish Widows Limited. Registered in England and Wales No. 3196171. Registered office in the United Kingdom at 25 Gresham Street, London EC2V 7HN. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Financial Services Register number 181655.

Scottish Widows Unit Trust Managers Limited. Registered in England and Wales No. 1629925. Registered Office in the United Kingdom at Charlton Place, Andover, Hampshire SP10 1RE. Tel: 0345 300 2244. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 122129.

HBOS Investment Fund Managers Limited, registered in England number 941082. Registered office in the United Kingdom at Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority. Financial Services Register number 119223.

Scottish Widows Bank is a trading name of Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales, no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278.

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