For
IFAs
As the IFA,
introducing a client to s615(6) 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) Limited
has identified specific partners to produce a “Streamline
s615(6) 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
15 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) 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 |
| Scheme Adviser |
S615(6) Limited |
Nil
|
0.8% of AUA p.a. |
| Corporate Trustee |
Pitmans Trustees Limited |
Nil
|
£100 - £450
per member per annum |
| Wrap Platform |
Platform 1/Moventum
SA |
Nil
|
0.45% of AUA p.a. (minimum
€300) |
| 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 approximating to 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 streamlined product fee structure would
be less than 3% p.a.”
Please use
our step-by-step guide below to see if our Section615(6) scheme
is relevant and treat the following questions as if you were
addressing them to your clients.
 |
|
Are
you UK non-resident?
|
|
Go
to Box 2
|
Go
to Box 11
|
 |
|
Are
you employed by a UK company or can you be employed
by a UK company within your employment group?
|
|
Go
to Box 3
|
Go
to Box 7
|
 |
|
Will
your employer establish a principal employer trust s615(6)
scheme?
|
|
Go
to Box 4
|
Go
to Box 5
|
 |
|
Become
a s615(6) scheme member by completing Option 1 forms
in our Downloads section
|
|
|
 |
|
Will
your emloyer establish a corporate trustee s615(6) scheme
with with one of our associate corporate trustees?
|
|
Go
to Box 6
|
Go
to Box 12
|
 |
|
Become
a s615(6) scheme member by completing Option 3 forms
in our Downloads section
|
|
|
 |
|
Are
you self-employed or can you structure your employment
in any way you choose?
|
|
Go
to Box 8
|
Go
to Box 12
|
 |
|
Do
you want to own and run a UK company?
|
|
Go
to Box 9
|
Go
to Box 10
|
 |
|
Let
us form and manage a company to act as your employment
vehicle, establish a
s615(6) trust and become a member by completing Option
2 forms in our Downloads section
|
|
|
 |
|
Join
an umbrella employment company which we run and become
a member of an existing s615(6) scheme by completing
Option 4 forms from our Downloads section
|
|
|
 |
|
Do
you have overseas duties for your employer?
|
|
You
may become a member of a s615(6) scheme in respect of
your overseas duties. Now go to Box 3
|
Go
to Box 12
|
 |
|
Sorry,
you may not become a member of a s615(6) scheme
|
