Human Insurances (life/critical illness/keyman/relevant life/shareholder)
We offer two payment options for providing advice and arranging an insurance product:
- Commission = Where it is agreed that we will receive commission, the amount of commission we receive will vary depending on the type of contact, term of the cover and the premium amount. We will tell you how much commission we expect to receive before we transact business for you.
- Flat-Fee = You also have the option to pay for our insurance services by way of a fee. If you elect this option we will waive the commission received by the insurance company, the result of which will reduce your monthly insurance premiums. The amount we charge will depend on the amount and complexity of the work required. Typically, our standard rate is £2,000 per policy arranged.
We are not otherwise permitted to receive or retain any financial inducements, significant gifts, or hospitality from insurance product providers, for arranging insurance contracts on your behalf.
For establishing your needs, undertaking research and making a recommendation, we do not charge a fee. If you choose to proceed with our recommendation and the mortgage goes ahead, we may charge a fee. This would typically be £495.
If you choose to proceed with our recommendation, and the mortgage goes ahead, we will be also be paid a procuration fee from the lender for arranging the mortgage on your behalf.
For establishing your needs, undertaking research, making a recommendation, and administering an application on your behalf, we charge a flat fee of £2,000. Our fee becomes payable on completion of your application.
If you choose to proceed with our recommendation and your equity release goes ahead, we will also be paid commission from the product provider for arranging the lifetime mortgage or home reversion plan on your behalf.
Immediate Needs Care Plans / Long-Term Care Advice
For establishing your needs, undertaking research, making a recommendation, and administering an application on your behalf, we charge a flat fee of £3,000. Our fee becomes payable on completion of your application.
If you apply for an immediate needs care plan that does not go ahead, you will receive no refund.
Ad Hoc Services
From time to time we help clients who are in need of one-off project based planning.
This could include carrying out a variety of different tax calculations, including pension lifetime allowance or annual allowance calculations.
In these instances we will provide you with a written time-based estimate of our fees.