Commission terms
With immediate effect, all new business received by Living Time will have the following commissions levels applied:
| Living Time Plan | New maximum commission rate* | Expiry Date |
|---|---|---|
|
Income Plan |
2.5% | Until further notice |
|
75 Plan |
2.5% |
Until further notice |
|
Personal Investment Plan (PIP) for SIPP and SSAS clients |
2.5% | Until further notice |
* See below for commission on Plans with terms of less than five years.
Living Time Income Plan (including Protected Rights) and Personal Investment Plan
With the introduction of the 3 year minimum investment term for the Living Time Income Plan and Living Time Personal Investment Plan, the following changes to Living Time's standard commission terms.
| Term (yrs) | Standard Commission | Commission rebated to client | Net commission |
|---|---|---|---|
| 3+ |
2.5% | 0.5% | 2% |
| 4+ |
2.5% | 0.25% |
2.25% |
| 5+ | 2.5% | 0% | 2.5% |
The commission rebate for shorter terms is to ensure the customer value proposition is maintained.
The above commission rates reflect our current standard terms which may be subject to variation in accordance with our Terms of Business.
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Alico is the insurance company that provides Living Time Plans.
Living Time Limited is an appointed representative of American Life Insurance Company (Alico). Living Time Limited is registered in England with company number 04750947 and has its registered office at 1 Conduit Street, London W1S 2XA. American Life Insurance Company is a private limited company incorporated with limited liability in Delaware, USA number 0123730. Head Office: One Alico Plaza, Wilmington, Delaware, USA 19801. Branch Office: 22 Addiscombe Road, Croydon CR9 5AZ. Registered in England number BR000230. Authorised and regulated by the Financial Services Authority (FSA reference number 139417).