Specialist Reports

We can help you prepare reports in areas which you may not have the required permissions or do not wish to provide yourself, such as Drawdown Pension issues, Mortgages, Equity Release and Long Term Care.

The fee will depend on the level of service you require - from a simple sign of up to preparing a full report recommending both a product and a service.

Fees range from £100 - £500.

Equity Release/Long Term Care

If you are unable or unqualified to give advice regarding Equity Release or Long Term Care products, why not refer the case to Financial who can provide an Equity Release/Long Term Care Suitability Report addressed directly to the client for you to present to your client.

This report would detail the client’s circumstances and the suitability of an Equity Release product route.

If, on the basis of this report, the client decides to take the informed decision to take out a product, you can proceed to recommend a provider.

You chose the provider, deliver to the customer and you handle the transaction. Any commission paid from the scheme would be payable to you - the IFA.

This splits the advice on the suitability of the product (Financial), and arranging the product (you, the IFA Firm).

Our fees for preparing an Equity Release/Long Term Care report start from £400.

If you wish we can also provide a recommendation for a provider as well. In these cases the IFA can still act as the client’s agent when transacting the business and receive the full commission. This route does increase our fee, normally by £100.

Our standard turnaround time for producing a report is five working days after receipt of all required information.

Where time is critical a report can be produced in a shorter time frame, but this will carry extra cost.

Please contact the equity release team (Ext. 482) for more information or to request a report.

Occupational Pension Transfers

If you are unable or unqualified to give advice regarding Occupational Pension Transfers, why not refer the case to Financial who can provide an Occupational Pension Transfer Report direct to the client.

This report would detail the client’s circumstances and the suitability of transferring away from their existing Occupational Pension Scheme.

If, on the basis of this report, the client decides to take the informed decision to transfer, you can recommend a provider, and treat this in a similar way to advice on a single lump sum contribution. You chose the provider and any investment funds, you deliver to customer and you handle the transfer. Any commission paid from the new scheme would be payable to you, the IFA.

This splits the advice on the suitability of a transfer (Financial), and the advice on how to transact a transfer (IFA Firm).

Our fees start from £400 for the report for a transfer value of up to £100K. Above this figure they increase in line with the transfer value (approximately £100 per £100K).

We are flexible in cases where there is more than one client from a scheme, or a client has more than one scheme they wish a report on.

Financial will supply you with Pension Transfer Analysis Questionnaire and forms of authority which the client needs to complete and return to us. We would then either contact the scheme provider(s) ourselves to request the required information, or use information you have already obtained if appropriate.

Our standard turnaround time for producing a report is five working days after receipt of all required information. Where time is critical (e.g. when transfer guarantee period is about to expire) we can produce a report in a shorter time frame, but this will carry extra cost.

Please contact the Occupational Pension Transfer team (Ext. 484) for more information or to request the Pension Transfer Analysis Questionnaire.