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 ...
PAYING FOR SERVICES. 2.1. The Confirmation Total: You agree to be invoiced in British Pounds “GBP” and to pay in GBP for the total amount set out in the Booking Summary (“Confirmation Total”) and as invoiced by us and payable in accordance with these Terms and Conditions. We acknowledge that this amount shall include all applicable taxes, duties, levies and charges at the prevailing rate.
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 have. We will not charge you anything until you have agreed how we are to be paid. We have listed below the options available to you. Paying by fee. Whether you buy a product or not, on completion of our work, you will pay us a fee for our advice and services. If we also receive remuneration from the product provider when you buy a product, we will pass on the full value of that figure to you in one or more ways. For example, we could reduce our fee; or reduce your product charges; or increase your investment amount; or refund the remuneration to you. We will confirm the rate we will charge in writing before beginning work and we will tell you if you have to pay VAT. You may ask us for an estimate of how much in total we might charge. You may also ask us not to exceed a given amount without checking with you first.
PAYING FOR SERVICES. Client assumes full responsibility for the payment of any and all sums that become due for Services. Agency recommends direct debit via EFT from the Client's bank account or for a fee use Visa, MasterCard, Discover and American Express or pay by check. Agency will charge Client's credit card or bank account on the invoice date. Agency will send written invoices by email to Client for Services each week ("Invoices"). By signing this Agreement, Client authorizes Agency to automatically charge, on a weekly basis, Client's credit/debit card or bank account for Service Fees. Credit Card or Debit Card Type: Name (as it appears on the card): Card Number: Security Code: Expiration Date: __________________ Billing Zip Code: Electronic Funds Transfer (EFT) Information Bank Name: Name on the Bank Account: Routing Number: Bank Account Number: Back-Up Payment Credit Card Type: Name (as it appears on the card): Card Number: Security Code: Expiration Date: __________________ Billing Zip Code: Invoices for Services are considered past due 30 days from the date on the Invoice. Interest will be charged at twelve (12) percent on account balances which are unpaid after 30 days. Client agrees to pay all collection costs, including attorneys' fees incurred in collection, if the balance on an account is not paid within thirty (30) days. Agency reserves the right to discontinue providing Services until any outstanding Invoice is paid in full, including any additional charges and accrued interest. Contractors are not permitted to accept payment on behalf of Agency. Client will contact Agency to change Client's method of payment. Agency will not seek reimbursement or payment for Services from any third-party payor. If Client desires to receive any reimbursement for Services from any third-party payor, Client will have to seek reimbursement for Services from the third-party payor, to the extent Services are covered by any third-party payor. Client will retain any reimbursement provided by a third-party payor since Client will have already paid Agency for Services Fees. In certain situations, Agency may provide services and supporting documents to work with Long Term Care Insurance companies. There may be a fee for such administrative work.
PAYING FOR SERVICES. Not all firms charge for advice 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. We have outlined the basis of our charging structure below dependent on the work that we carry out for you. In some cases we operate on a time cost basis and others on a contingent basis. Either way we will write to confirm the method of charging prior to commencing our work. TYPICAL CHARGES If we elect to charge on a percentage of Funds Invested Rate, the typical charges would be as follows: Investments up to £150,000 Fee for initial work and implementation is up to 3% Then from £150,001 to £500,000 Fee for initial work and implementation is up to 2% Then from £500,001 to £750,000 Fee for initial work and implementation is up to 1.75% Then from £750,001 to £1,000,000 Fee for initial work and implementation is 1.25% Investments over £1,000,000 Fee for initial work is up to 1% By way of example: Someone investing £150,000 could typically pay £4,500 for the initial work OUR FEE OPTION We will agree the rate we will charge before beginning work. We will tell you if you have to pay VAT. Our typical charges are: Principal/Director/Partner £280 per hour Financial adviser £150-£225 per hour Administration £80 per hour You may ask us for an estimate of how much in total we might charge. You may also ask us not to exceed a given amount without checking with you first. ONGOING SERVICES We usually agree with clients to provide an agreed service for an indefinite period. In doing so we will agree the extent, frequency and level of that service with you. Usually, the service will entail keeping the investments and products you have under review and replacing them where necessary to ensure your objectives continue to be met. We will meet with you at least annually to do this work. Meetings may be held face to face, by telephone or via video conference. We have a very structured approach to reviewing the investments that we manage for customers and dependent on the sum invested, we will review your portfolios at least twice a year and in some cases up to 3 times. Our typical annual fees for investment of funds is as follows: Invested sums up to £250,000 is 1% of the assets we manage £250,001 to £1,000,000 is 0.85% £1,000,001 to £2,000,000 is 0.75% £2,000,000 and above is negotiable. By way of example: Someone investing £150,000 could typically p...
PAYING FOR SERVICES. For any aspect of our service all charges and fees will be fully disclosed to you. We will not charge you until we have discussed your payment options and agreed with you how we are to be paid. We will also let you know if there are any other costs that might arise in connection with the services we provide to you. Our charges/fees will be VAT exempt unless the work we provide for you only involves advice and/or preparing a report, in which case VAT may be applicable. We will always tell you if you have to pay VAT before we undertake any work for you. Charges for the ongoing service will not be liable to VAT (unless the initial service was liable to VAT) where both the initial and ongoing services are part of the same package. We do not charge an initial fee. There is a Service Charge which is determined by the value of the funds on which the service is required. Platform Fee: Standard Service Charge:
PAYING FOR SERVICES. Annuity purchase For advice and recommendations relating to annuity purchase, our charge is 1.5% of the annuity purchase price (after any tax free lump sum has been deducted) subject to a minimum charge of £500 and a maximum charge of £1,800. See pages 9 – 12 for further information.
PAYING FOR SERVICES. Other financial services activity For financial services activity that does not come under the previous two headings, we charge on the basis of an hourly rate for the time taken, with varying charge rates for each category of staff involved. The fee we will charge is therefore based on the complexity of the work and the time involved. Our current scale of hourly rates for financial services staff is set out in our schedule of charges, a copy of which is included as an appendix to this agreement. Once we know the nature and extent of the activity that you wish us to undertake for you, we will confirm the rate(s) we will charge in writing before beginning work and give you an estimate of how much in total we might charge. You may also ask us not to exceed a given amount without checking with you first. Some examples of total charges relating to typical activities are given in the appendix. See pages 9 – 12 for further information. VAT on financial services fees It is the nature of the service that we provide that determines whether or not our charges are subject to VAT. In general terms, our charges are not currently subject to VAT if the primary element of the service is ‘intermediation’,
PAYING FOR SERVICES. Our fees and charges will be as set out in the Fees & Charges Schedule below. Fees and charges will be deducted from funds held in your Portfolio. You agree that we may encash investments in the Portfolio to meet fees and charges For any aspect of our service, or any service arranged by us, all charges and fees will be fully disclosed to you. We will not charge you until we have discussed your payment options and agreed with you how we are to be paid. We will also let you know if there are any other costs that might arise in connection with the services we provide to you. Our charges/fees will be VAT exempt, and we will inform you if our charges or fees become subject to VAT. We do not charge an initial fee. There is a Service Charge which is determined by the value of the funds on which the service is required. Platform Fee the platform fee is payable by you in accordance with the terms set out by your Platform. TQI charges Standard Service Charge:
PAYING FOR SERVICES. 11. Charges for phone calls made from a public BT payphone will be published in BT’s price list and are available on request from BT’s 100 Operator Service.
