Schedule of Services and Fees
Hands on Compliance Limited aims to deliver a simple, flexible and cost-effective range of services to the Financial Advice community. All fees will be calculated in accordance with our published charging policy.
The cost of service will always be confirmed by way of a Letter of Engagement, a signed copy of which must be returned before any work is undertaken. The Letter of Engagement together with the provisions set out within our Terms and Conditions of Business form the basis of our working agreement.
The fee based services provided by Hands on Compliance Limited are NOT currently subject to VAT. This valuable benefit is something we hope to maintain until 31 December 2019
Travel and other expenses will NOT be charged unless agreed in advance.
Example one-off services subject to daily rate | Cost |
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£700 per day (excluding Central and Greater London) £920 per day (Central and Greater London only) Fees will be fixed at outset based on total estimated work days needed to conclude the work programme. Any overrun is absorbed at our expense. |
Core ongoing service categories | Cost |
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* This service is suitable for firms who wish to outsource day to day compliance, T & C and full Systems and Controls oversight arrangements in order to focus internal resource on operational demands. Rather than provide guidance for firms to observe, this is very much a hands on service whereby the compliance work is done on your behalf with supporting MI to demonstrate progress against an agreed annual schedule of activity. This service is offered to article 3 MiFID exempt firms only. This service requires a weekly visit frequency, as such it is only made available to three firms at any one time. |
Pension Transfer Specialist/Defined Benefit Occupational Pension Transfer Services | Cost | ||||||||
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Pre-advice case checking (Does not include formal PTS sign off) |
£500 per case (involves: checking of all KYC information, member specific and scheme information, TVAS inputs/results and suitability letter) | ||||||||
TVAS calculations – (Selecta Pension software) Fees contingent upon provision of:
(Does not include formal PTS sign off) |
£500 – TVA and supporting commentary to inform your advice £850 – As above plus client specific Deferred Benefit Analysis. This is a personalised 14 page document providing factual overview of scheme benefits and features compared with a money purchase alternative £2,000 – As above plus full suitability report. (two stage process involving):
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Registered Pension Transfer Specialist (CF30) Includes:
(Does include formal PTS sign off) |
Submission of FCA Form A £250 Submission of FCA Form A and varying firm’s Part IV permission £1000 Service retainer charged at £200 per month Individual Case Fee Linked to size of CETV and subject to a minimum fee of £3,000 per case. Calculated on the following tiered basis:
Example 1.CETV £250,000 – Minimum fee applies i.e. £3,000 |
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PTS locum cover | £by agreement |
Example services subject to fixed fees | Cost |
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Pre-advice file checking | £100 per recommendation £150 per recommendation higher risk activities (excludes Defined Benefit Pension scheme /Safeguarded Rights transfers) |
Complaint handling – cradle to grave service Includes:
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£1,500 flat fee per complaint. |
Observed client meetings and associated documentation/feedback | £300 per assessment. Includes pre and post observation briefing and written feedback |
GABRIEL Returns
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