ROWANMOOR Pensions has simplified the payment process for advisers using the Rowanmoor SSAS and Family Pension Trust, in a move towards customer agreed remuneration (CAR).
The new fee agreement has been introduced in a bid to streamline the process of settling adviser fees and is available for all SSAS schemes set up from February 1, 2008 and for all Family Pension Trust schemes. The arrangement enables advisers to agree a remuneration basis with their clients at the outset and means that fees can be collected by the adviser on a continuous basis, negating the need to obtain client authority each time. Once the initial agreement has been signed, Rowanmoor will pay the fees on behalf of the scheme trustees, within the terms outlined upon receipt of an invo...
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