PAYING FOR OUR SERVICES. 6.1 Our Service Fee. Depending on which Services you use, we may charge a service fee ( Service Fee) for a particular Service. We will let you know if a Service Fee applies and how much it is before you use the Service, so you can decide whether to continue.
PAYING FOR OUR SERVICES. We will discuss your payment options with you and agree with you how we will be paid. You can pay our adviser charges by cheque, standing order or direct debit instruction; such payments are to be made to our parent organisation ‘pi financial ltd’. We do not accept payments by cash. Our charges will become payable on completion of our work and should be settled within 28 business days. You will be provided with a receipt upon payment. You may also pay our adviser charges via deductions from the financial product(s) that you might invest in, where the product/platform provider allows this. Please note that if you choose to pay by deduction from a financial product this will reduce the amount left for in- vestment and may, depending on your circumstances, have other consequences. If you se- lect this option we will discuss the implications of using this payment method with you prior to putting it in place. If your investments are held on a platform you may choose to pay our adviser charges out of the funds held with the platform cash account (where the platform provider offers this facility). If this method is selected it is important that sufficient funds are maintained in the account to cover our adviser charges as and when they become payable. We will discuss the implications of using this payment option with you prior to putting it in place. Please note (as referred to in the table above) a minimum charge may be applied even if you choose not to invest in a product. We reserve the right to charge you for services provided prior to cancellation. Paying by instalments (regular premium contracts only) Where you invest in a regular premium contract e.g. where contributions are made on a monthly, quarterly or annual basis, you can choose to pay your adviser charge in instalments (note that the option to pay in a single payment is still available). Our normal approach will be for the payment to be spread over a maximum of 12 months. Exact details will be con- firmed in writing with you. Where you are investing in a product you can choose to have your adviser charge deducted from the product through instalments (where the product / platform provider is able to offer this facility). Although you may pay nothing to us up front that does not mean that our service is free. You still pay us indirectly through deductions from the amount you pay into your product. These deductions could reduce the amount left for invest- ment and may, depending on your circumstances, ...
PAYING FOR OUR SERVICES. We charge for our services by the way of fees. What type of fee you will be charged is based upon the task we undertake for you, in line with our Fee Agreement, which you will be required to sign before we commence any work. Hourly Rate - £123 per hour. We will endeavour to provide you with an estimate of the total cost to fulfil your objectives and consult you for your agreement to continue if we are unable to complete your requirements in the time estimated. Fees will be invoiced on a monthly basis until completion. Fixed fee-We will agree a monetary amount upfront to complete a task. If the task is completed in less time, we will reduce the cost but never inflate it. Adviser charge- This charge is based on a percentage of the amount you invest.
PAYING FOR OUR SERVICES. The remuneration for Our services is normally in the form of commission or brokerage which is a percentage of the insurance premium paid by you and allowed by the insurer(s) with whom the insurance is placed, or a fee (in lieu of commission), or a combination of both. Details of the commission We receive will be provided upon request and We will remind you of your right to request this information prior to conclusion of each insurance contract or upon renewal. Brokerage and fees are earned for the policy period and We will be entitled to retain fees and brokerage in respect of the full policy period in relation to policies placed by Us. In addition to the brokerage and fee payments received by Us, We may also receive remuneration by way of profit share agreements and volume commission override arrangements from insurers with whom We have placed your insurance, or from premium finance providers. Also, in addition to the Insurance Premium, We make the following administration charges when transacting your insurance to cover our administration and increasing regulatory costs: Transactions subject to additional charges Additional charge Arranging new policies £50 Renewals (per policy) £50 Replacement policy documentation £50 Mid-term adjustments £25 Cancellations: Full annual commission £25 (min) For Travel Insurance policies and products where We receive no, or a reduced level of commission from the insurance provider, We may agree remuneration by charging a fee, or We may agree a combination of commission and fee. This will always be negotiated prior to the conclusion of the contract. The specific amount and purpose of any additional charges will be advised to you in advance Payment of Premiums You must provide the premium due in cleared funds in accordance with Our premium requests or invoices. Failure to meet the payment dates may lead to insurers cancelling your policy. Where insurers have specified that the premium must be received by a certain date, failure to comply can result in the automatic termination of your insurance. We have no obligation to fund any premiums on your behalf and cannot be held responsible for any loss which you may suffer as a result of a policy being cancelled or otherwise prejudiced due to the late payment of a premium where the delay is attributable to you. We accept payment of premiums by BACS, cheque, most major credit and debit cards and by instalments, either directly with the insurance provider, or via a premium finance l...
PAYING FOR OUR SERVICES. Not all firms charge for advice in the same way. We will discuss your payment options with you and answer any questions you have. We will not charge you for anything until you have agreed how we are to be paid. Remuneration may be in the form of a fee, commission or a combination of fee and commission. We will never charge you for an initial meeting to discuss your requirements and we will always make sure that you are fully aware of our charges and ask you to sign a document to say so. Mortgage Advice Our Mortgage advice and services usually incur a broker fee of £995. Where applicable this fee is payable on completion of your Mortgage. This fee is usually payable through your solicitors and you will be required to sign a fee agreement to show that you are aware of our charges. On completion of your Mortgage, the Solicitor instructed to deal with your case will usually ensure that our broker fee is paid to us. We may also be paid commission from the Lender and details of this are set out in the Key Features Illustration which provides full details of the product selected. We offer mortgages from the whole market.
