Edinburgh Fund Managers has introduced a flexible commission structure for intermediaries on all of ...
Edinburgh Fund Managers has introduced a flexible commission structure for intermediaries on all of its Edinburgh Portfolio funds.
The structure will give intermediaries three options as to how they receive their initial and renewal commissions.
An intermediary can choose to take 5% initial commission and forego any trail, or they can take 2% initial commission and 0.75% annual trail or, finally, they can opt for the standard option of 3% initial commission and a 0.5% trail fee.
The flexible commission also allows advisers to rebate both the renewal and the initial commission. Normally only initial commission can be rebated.
Once an intermediary chooses what option they want, all their business will automatically be transacted on this basis.
Marianne Cantley, marketing director at EFM, said with CP121 coming out at the beginning of this year there has been a large focus on the move over to fees and this commission structure gives intermediaries flexibility in how they are remunerated.
She said: 'Not all intermediaries want the standard 3% initial and 0.5% renewal.'
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