Transact, the fund supermarket provider, has launched a Section32 Buy Out Bond with a Guarantee...
Transact, the fund supermarket provider, has launched a Section32 Buy Out Bond with a Guaranteed Minimum Pension (GMP) allocation.
The buyout bond wrapper offers intermediaries commission rates up to 3.5% on new business, up to 0.8% if that money is subsequently switched from one investment to another, and up to 0.5% renewal per year.
Transact charges 0.5% on new business and 0.2% on subsequent switches.
Additionally there is a maximum annual charge of 0.6% on the Section 32 bond with discounted rates for funds over £50,000. These charges are the same as all Transact's other wrappers.
For more information contact 020 7608 4900 or email [email protected]
Engagement and influence
Win free places at the awards
Our weekly heads-up for advisers
Beware ‘investor behaviour penalty’
Develop ‘soft skills’