Charges and Commission
Our standard annual management charge (AMC) is 1%. This supports our basic commission options for you. Some or all of this commission can be given up for the benefit of the policyholder.
| 0.73% annual management charge | Nil commission |
|---|---|
| 1% annual management charge | Basic commission options |
Stakeholder Pension plans – and the single annual management charge (maximum 1%) that it imposes – has had an impact on commission levels and structures. This, combined with the variable nature of the contributions has allowed us to offer a simpler and more flexible commission structure.
Your Remuneration Levels
| Based on an AMC of 1% | Rate % |
|---|---|
| Initial commission (on regular contributions only) Based on the Standard LAUTRO initial commission periods. |
45 |
| or Level Commission Paid at a level rate on every contribution received. |
3 |
| or Fund-based commission (per annum) Based on the monthly fund value. |
0.27 |
We allow you the flexibility to 'mix and match' from the overall menu of Initial, Level and Fund-based commission options. You can therefore select a structure that best suits your business.
The following example illustrates the effect of giving up various types of commission to improve terms:
| AMC | Initial commission I.C. (plus a % of level commission) |
or Level Commission | or Fund-based commission |
|---|---|---|---|
| 1% | 45% with 0% level | 3% | 0.27% |
| 1% | 30% plus 1% level | 3% | 0.27% |
| 0.91% | 30% with 0% level | 2% | 018% |
| 0.82% | 15% with 0% level | 1% | 0.09% |
| 0.73% | 0% | 0% | 0% |
There is a maximum limit of £6,000 that we will pay in initial commission. Any excess above this amount can be taken as fund based commission.
Please note that for regular contributions of less than £150 a month, no commission will be payable. Nil commission terms will be applied to the policy.
Please remember that the figures shown above are just examples of what can be achieved. The above example shows what the figures would be where Initial (plus a % of Level) or Level or Fund-based is chosen. It is, of course, possible to mix and match from the overall menu.
Available Funds
