1.1 The following are examples of likely commissions that may be received by Us and the likely amounts. These are examples only and may not cover all examples in the future.
Provided service: Pension auto enrolment
Name or type of firm paying: Employee Benefits
Basis of Commission: Fixed
Rate of commission: 25% of the fee paid to the commission payer
Frequency: One Off
Provided service: Foreign Exchange Transactions
Name or type of firm paying: Foreign Exchange Transactions
Basis of Commission: Fixed
Rate of commission: 30% of the fee paid to the commission payer generated from each transaction
Frequency: One Off
1.2 If relevant in the future, abnormally large commissions (for example more than double the largest amount in the table above) are received which were not envisaged when the engagement letter was signed, We will obtain specific consent to the retention of those commissions.
Effective 4 April 2024