Terms of Business

These TLP terms of business explains the basis under which we will supply our Services to you.

For your benefit and protection please read these terms carefully and ask for clarification if you do not understand anything.

These terms are made between the following parties: –

John Charles Property Investments Ltd (Trading as The Landlord’s Pension) of Trident Business Park, Didcot, OX11 7HJ (“we, us, our, firm”)

AND

You – “The Client” (or Clients)

A)    What we will do for you – Agreed Services

1. You agree to appoint us for the purpose(s) of;

·    Establishing a Small Self-Administered Scheme (SSAS) pension

Initial Services:

·    Completion of a Fact Find to establish your individual circumstances, needs and objectives;

·    Undertaking comprehensive research in consideration of any new SSAS Pension and investment products;

·    Arranging a new SSAS Pension

Ongoing Services:

•    Annual investment review;

•    New contributions and investments;

•    SSAS advisor and office administration support

B)    What we charge you for the Services – Costs and Charges

1. You agree to pay the following fees to us for the Services described above (the ‘Fees’).

Initial Services:

•    A fixed fee of £3,000.00 plus VAT

Ongoing Services:

•    A fixed annual recurring fee of £300.00 plus VAT

2.    The Fee(s) will become payable by you:

·    following the issue of a  Pension Scheme Tax Reference (PSTR) by HMRC which effectively registers your SSAS pension scheme with HMRC as a valid UK pension scheme and annually on this date;

·    Payment may be made by your new SSAS, your company or you personally and should be made by bank transfer payable to John Charles Property Investments Ltd;

·    Our initial fee will still become payable once HMRC registration has been confirmed, even if you choose to close the SSAS pension scheme before funds are transferred.

3. We do not accept cash payments and all cheques should be made payable to the SSAS corporate Trustees, unless it is payment for our Fees and costs described above.

4.    If you pay our Fees late, we may charge you interest at a rate of 4.00% per annum above the Bank of England’s Base Rate from time to time accruing on a daily basis from the due date until payment is received. We will also charge a handling fee of £50.00 and shall seek to recover all our costs (including legal costs) allowable by the Courts if an award is made in our favour, in recovering any amounts due to us.

5. You accept responsibility to pay our Fees and any other agreed costs or charges and agree to reimburse us for all reasonable losses, costs, or other liabilities incurred by us which result from any willful or negligent breach by you of your obligations in these terms.

6.    These terms will come into effect from the date you sign this terms of business.

C)    What information do we hold about you and what do we do with it? 1. We will collect and store your personal and financial information which will be handled in accordance with the Data Protection Act 1998. We will also collect information from third parties such as employers and credit reference agencies, fraud prevention agencies and other organisations that may include sensitive personal data about your health, ethnic origin, or criminal prosecutions.

2. We will use your personal information to provide our Services to you and this may require us to pass your personal information to product providers or other financial firms.

3. We will use your personal information to inform you about similar products or Services that we provide.

4. We may be required to pass on your personal information to regulatory bodies such as HMRC, The Pensions Regulator or the Financial Conduct Authority to help with an investigation or complaint or other authorities as required by law.

5. You have the right to access information we hold about you by making a request to us at the address detailed above. We have the right to charge you a fee of £10 for this service.

D)    Other important terms 1.    As part of our anti-money laundering regulatory requirements, we are required to verify your identity and retain your records both during and after the provision of our Services to you.

2. We may transfer all rights and obligations under these terms in circumstances where your rights under these terms are not materially affected.

3.    These terms supersedes all previous written terms between us in respect of the agreed Services and may not be modified except in writing and signed by both parties.

4.    If any provision of these terms is held by any court or other competent authority to be void or unenforceable in whole or in part these terms shall continue to be valid as to the other provisions and the remainder of the affected provision.

5.    Third party rights under the Contracts (Rights of Third Parties) Act 1999 are excluded.

6.    These terms shall be governed by and construed in all respects in accordance with the Laws of England and Wales and each party hereby submits to the exclusive jurisdiction of the courts of England and Wales.

7.    Any notice required by these terms, must be given by hand or sent by prepaid post to the registered office address of the relevant party.  Any notice given by post, which is not returned to the sender as undelivered, shall be deemed to have been given on the third working day after the notice was posted. Proof that the envelope containing it was properly addressed, posted and that it has not been returned to sender, shall be enough evidence that such notice has been duly given.

By reading and acknowledging these terms by confirming below, you agree to us all the terms and conditions within these terms of business.

If you do not understand any point please ask for further information before signing. Please retain a copy of these terms provided to you for your records.