The way the Quilter Product Charge, Capital Protected Death Benefit Charge and Adviser ongoing servicing fee are calculated and deducted is changing.
- The Product Charge, Capital Protected Death Benefit Charge and Adviser ongoing servicing fee will now be calculated and accrued daily based on the value each day. The total of the accrued daily charges is deducted monthly on the charge date.
- If the client closes the account, any accrued charges which have not yet been taken will be deducted from the closure proceeds. The accrued charges will be shown on valuation statements.
Phased investment continues to be available for the bond. It allows lump sum contributions to be made into Blackrock Cash, and can be automatically switched into a chosen fund, funds or model portfolio, each month over a selected period. This provides a greater range of options to customers and advisers for managing their investments held with Quilter.
- The default cash option for the CIB is BlackRock Cash and phased into the selected assets over a period of 3, 6 or 12 months.
Trusts and the CIB
We continue to offer a wide range of trusts that can be used with the bond. To find out the steps you need to follow to successfully submit a bond application, see our easy to follow application guide, which also includes details on how you can set a bond up under an existing trust.