Rowanmoor introduces adviser fee agreement

The agreement, which applies to all SSAS schemes set up from 1 February 2008 and all Family Pension Trust schemes, allows advisers to agree a remuneration basis with their clients at the outset. Advisers can then collect fees on an ongoing basis without the need to obtain the client’s authority each time. Rowanmoor, which previously paid fees on an ad-hoc basis, will pay the fees on the scheme trustees’ behalf once the customer and adviser have signed the agreement and it has received an invoice from the adviser. Rowanmoor says the new system shortens the process for settling adviser...