Standard Life Synergy product range
New policies and top-ups from 3 April 2019
Financial adviser name: Foundation Stone Financial Planning LImited
Standard Life has a range of commission options for customers and advisers to choose from.
‘Max’ means the maximum commission Standard Life makes available under each product.
‘% taken’ means the percentage of commission your financial adviser, named above, generally takes for these products.
‘Clawback period’ is a timeframe where Standard Life can take a proportion of the commission paid back from an adviser if the premium / contributions ceases, reduces, or the product is closed.
Single contribution products
Up front commission | Clawback Period | Trail commission | |
Single Contribution Pension Max | 5% | n/a | 1% |
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Single Contribution PRSA Max | 5% | n/a | 0.5% |
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Approved (Minimum) Retirement Funds Max | 4% | n/a | 1% |
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Annuities Max | 2% | n/a | n/a |
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Investment Bonds Max | 4% | n/a | 1% |
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Regular contribution products
REGULAR CONTRIBUTION PENSION |
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Regular Contribution Pension |
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| Initial commission | Clawback Period | Renewal commission | Trail commission |
Max (front loaded) | 1.25% x term (max 25%) | 5 years* | 2% | 1% |
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Max (level) | 5% | n/a | 5% | 1% |
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Regular Contribution PRSA | ||||
Max | 5% | n/a | 5% | 0.5% |
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Savings Plan | ||||
Funded Initial Commission* Max | 0% – 15%, payable as a lump sum after the first premium is paid | 5 years* | n/a | 1% |
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Premium Based** | 0% – 15% | n/a | n/a | 1% |
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* If the initial contributions are not maintained for 5 years, a proportion of the initial commission paid will be claimed back from your intermediary account.
**For every 1% taken there is a corresponding plan charge of 0.04% per annum. Commission is paid to you after the first premium is paid. FIC is subject to commission clawback
