For
IFAs
As the IFA,
introducing a client to s615(6) Trustees Limited, you will maintain
complete control over your client and earn your fees or commission
for arranging the underlying scheme investments. For full details
of earnings potential, please contact us.
To assist
IFAs with the completion of s615(6) business, s615(6) Trustees
Limited has identified specific partners to produce a default
scheme. By using these associated businesses, it is possible
for the IFA to package a product for their client without having
to select any of the product elements - wrap platform, corporate
trustee or discretionary fund manager ("DFM") - which
go to make up a scheme and to be able to identify the cost at
outset.
Based on
20 years' experience of working with members of s615(6) schemes,
the following companies have been identified as best understanding
the special needs of the membership in terms of the risk profile,
ease of access, and service. s615(6) Trustees Limited has entered
into competitive pricing agreements with these providers of
the key scheme elements to deliver a product of the highest
standards:-
| Scheme
Function |
Company
Name |
Establishment
Fees
|
Annual
Fees |
| Corporate Trustee |
S615(6)Trustees Limited |
Nil
|
1.25% of AUA p.a. |
| Wrap Platform |
Novia Global |
Nil
|
0.6% for first $500,000
0.45% for $500,000 - $1m
0.3% for $1m - $1.5m
0.2% for $1.5m - $2m
0.1% for $2m+
|
| DFM |
Premier Asset Management |
Nil
|
1% of AUA p.a. including
OEIC Fees |
To these fees would be
added the initial commission and AUA based trail fees of the
introducing IFA. We would expect to incorporate IFA fees into
an overall charge structure of, perhaps, 3% establishment and
3% p.a. of AUA based on a single premium contribution and AUA
of £100,000. For larger scheme values the fixed costs
included in the packaged product fee structure would be less
than 3% p.a.
Please use
our step-by-step guide below to see if our s615(6) scheme is
relevant and treat the following questions as if you were addressing
them to your clients.
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Are
you UK non-resident?
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Go
to Box 2
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Go
to Box 9
|
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|
Are
you employed by a UK company or can you be employed
by a UK company within your employment group?
|
|
Go
to Box 3
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Go
to Box 5
|
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Will
your employer establish a s615(6) scheme?
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|
Go
to Box 4
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Go
to Box 10
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Become
a s615(6) scheme member by contacting s615(6) Trustees
Limited and obtaining appropriate application documents
for your circumstances.
|
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|
Are
you self-employed or can you structure your employment
in any way you choose?
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Go
to Box 6
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Go
to Box 9
|
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|
Do
you want to own and run a UK company?
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Go to Box 7
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Go to Box 8
|
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|
Either
use an existing company or let us form and manage a
company to act as your employment vehicle. Become a
s615(6) scheme member by contacting s615(6) Trustees
Limited and obtaining appropriate application documents
for your circumstances
|
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|
Join
an umbrella employment company which we run and become
a member of an existing s615(6) scheme by contacting
s615(6) Trustees Limited
|
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Do
you have overseas duties for your employer?
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You
may possibly become a member of a s615(6) scheme
in respect of your overseas duties. Contact s615(6)
Trustees Limited and obtain appropriate application
documents for your circumstances
|
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Go
to Box 10
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|
Sorry,
you may not become a member of a s615(6) scheme
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