Online Access for Clubfinance customers
Important information you need
- Clubfinance's Combined Initial Disclosure Document (Keyfacts about our service)
- Clubfinance's Terms and Conditions of Business
- Clubfinance's Client Declaration
- Clubfinance's ISA Transfers Risk Warnings
- Clubfinance's FundsNetwork ongoing fee authority form
Access FundsNetwork Online Service
To proceed, please read the following statement and agree to it by entering your name and postcode in the space provided.
PLEASE NOTE that this form will be retained by Clubfinance Ltd as a record of the agreement with you. This is a record of both the fee agreed and your authority for Clubfinance to sell funds on your behalf in accordance with the FundsNetwork Client Terms.
Once completed, Clubfinance can instruct FundsNetwork to set up a fee agreement by completing the relevant transaction online.
Agreed fee to be paid to Clubfinance
|The agreed fee(s) will apply to all accounts with FundsNetwork for which Clubfinance is your agent.|
The percentage completed below will be deducted from each account.
|Initial Fee||Ongoing Fee
(including VAT where applicable)
|FundsNetwork will deduct the Ongoing Fee from your applicable CashManager Account, if you have one set up, or your largest fund holding.|
By entering my name and postcode below, I/We agree to pay Clubfinance the Ongoing Fees as stated on this form and in accordance with the FundsNetwork Client Terms. For the purpose of paying these fees I/we authorise and instruct FundsNetwork to deduct monies from my/our applicable CashManager Account or redeem units/shares from my/our largest fund holding. I/We understand that FundsNetwork will receive the money from such sale, deduction or redemption as agent for Clubfinance, and that such money will become irrevocably due and payable to Clubfinance on receipt by FundsNetwork, to satisfy the Ongoing Fees. FundsNetwork will hold this money in a FundsNetwork corporate account as agent of Clubfinance until payment is made to Clubfinance. I/We understand that my liability to Clubfinance in relation to the fee will be discharged on receipt of the fee money by FundsNetwork as Clubfinance's agent. Redemptions from my investments for Ongoing Fees will normally be made no later than the 10th of each month. I/We acknowledge that where VAT is included the agreed rate will change if the underlying VAT rate changes. I/We confirm that we have received and understand the importance of reading, understanding and retaining the FundsNetwork Client Terms (dated October 2013 or later), noting in particular the charges information in Appendix 2.
Trail commission on legacy investments on FundsNetwork
Under this fee structure, Clubfinance takes no trail commission on investments held on FundsNetwork. All trail commission is rebated back to you as additional units within your FundsNetwork account. Rebates paid outside an ISA or pension wrapper are subject to UK income tax and will have basic-rate tax deducted at source. Please note, commission-bearing investments are no longer available for switches or new investments on FundsNetwork.
Table showing the impact of Clubfinance & FundsNetwork annual fees for example portfolio sizes
|Portfolio Value||Clubfinance annual Ongoing Fee (0.05%)||FundsNetwork annual Investor Fee (currently £45)||FundsNetwork annual Service Fee (currently 0.25%)||Total for one year|
Clubfinance Ltd is authorised and regulated by the Financial Conduct Authority (firm reference no. 400139). Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under 'contact'. Users of this website should be aware of the following:
- Past performance is not a reliable indicator of future results.
- The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations. For many types of investment, you may be placing your capital at risk, meaning that you may not get back the amount originally invested and you may risk losing your entire investment.
- Some investments and policies may only be suitable as medium or long-term products.
- Tax treatments depend on your individual circumstances and may be subject to change in future.
- This website contains financial promotions relating to services offered by and products available through Clubfinance.
- In the event of any conflict between product literature and information provided by Clubfinance, the product literature shall prevail.
The information on this website is intended solely for the use of those people who are United Kingdom residents for tax and investment purposes and is governed by our terms and conditions of website usage, please click here for details. It is not for distribution in any other jurisdiction, including the United States of America.
Anyone who is not a UK resident should not continue with this site unless wishing to read about personal finances available to UK residents for informational purposes only.
Copyright ©2004-2017 Clubfinance Ltd, all rights reserved.
This entire website is the property of Clubfinance Ltd No part of the site should be reproduced without express written permission. Clubfinance Ltd. Registered Office: Amberside House, Wood Lane, Hemel Hempstead, Hertfordshire, HP2 4TP Telephone: 01442 217 287, Fax: 01442 241 045
Registered in England, Registered Number: 04522114.
Clubfinance Ltd is authorised and regulated by the Financial Conduct Authority (400139)