Discount Broker for investments, insurance & mortgages
Skandia Investment Solutions ('SIS')
You can invest in over 900 Unit Trusts and OEICS (Open Ended Investment Companies) on the Skandia Investment Solutions platform, using Clubfinance as your intermediary. Included below are the relevant forms and information to invest in the SIS ISA and SIS Collective Investment Account. Please contact us if you are interested in other services available on SIS (e.g. the Onshore Collective Investment Bond, or setting up a corporate or trustee account). Please note that we cannot arrange Structured Products that may be available on SIS.
Fund Initial Charges
Clubfinance customers can access a 0% initial charge on all of the 900+ funds on Skandia Investment Solutions.
This is because Clubfinance takes no initial commission. The 0% initial fund charges apply to both new investments and fund switches.
Forms and Documentation
Please see below for the forms and information applicable to each type of transaction.
Key
- Read, understand and retain copies of these documents and if the 'Complete and send in?' column is ticked, please send a completed copy to Clubfinance with your application.
NC - New Clubfinance customers only (and existing customers if not previously provided).
How to invest
Make sure you have the latest SIS 'Details of the ISA and Collective Investment Account' and 'Funds List', and have read, understood, and kept copies of the documents indicated in the table above. For those documents relevant to your transaction with a tick in the 'Complete and send in?' column, print off a copy to complete and send in. If you have not previously supplied identification documents to Clubfinance, you will also need to include these (see Clubfinance Identification Requirements for details).
Please remember that you must send all documents, including a Clubfinance Client Declaration, to Clubfinance Ltd and not direct to Skandia, in order to benefit from our commission rebates. Click here for full details of the process.
Our postal address is:
Clubfinance Ltd
PO Box 1036
Hemel Hempstead
Hertfordshire
HP1 2WU
Other Forms
| Form Name | Comment |
 Change to account details |
Use to change: personal details, automatic income or withdrawal instructions, bank details, direct debit investment amounts, portfolio rebalancing; or to cancel phased investment. |
| Direct Debit instruction |
Use to change the bank details for regular monthly investments by Direct Debit. |
| Switch/redirection request |
See table above under switch. This form can also be used to restructure your portfolio and/or redirect future direct debits into different funds. |
| Third party payer form |
Use this form if funds come from someone other than the account holder. The third party will also need to provide identification documents and a Clubfinance Client Declaration. |
Summary Details
This is only a guide. Full details will be contained in the Key Features and Terms & Conditions for the fund supermarket.
Annual Administration Charge
Skandia charge an annual fee of £52.32 as at 1 April 2010: the 'Investor Charge'. This charge increases with inflation each year and covers all investments held under the same client reference number.
New investment
We rebate 100% of our initial commission to reduce the initial charge.
The minimum investment to open a new account is £2,500. There is currently no minimum for additional investment into an existing account.
The minimum regular investment is £99 per month.
Remember that we will also rebate 75% of any renewal commission each year by cheque (see our Terms of Business). Depending on the fund, renewal commission is typically 0.5%, but can be lower or zero. You can find this information in the Funds List:
Re-registration
The minimum accepted for re-registration to open a new account is £2,500.
There is no charge for re-registration. You can only re-register an entire OEIC/unit trust, not a partial holding.
Note that your existing plan manager may make a charge or exit fee, so please check this with them first. The fund list sets out which funds can be re-registered:
Clubfinance's usual 75% rebate of any renewal commission will apply.
ISA Transfer
We rebate 100% of our initial commission so 0% initial charge will apply as for new investment above. Clubfinance's usual 75% rebate of any renewal commission will apply.
The minimum lump sum investment to open a new account is £2,500.
Note that your existing plan manager may make a charge or exit fee, so please check this with them first.
If you would like to know the charges and commissions on particular funds, please see the Funds List:
Switch
We do not take any initial commission on switches. The initial charge will therefore be 0%. Please refer to the current Funds List for details.
Funds are bought and sold, so could also have a difference between the buying and the selling price, or a dilution levy may be applied.
Skandia Investment Solutions ('SIS') Information Request
If you already have an account with Skandia Investment Solutions ('SIS'), and are interested in appointing Clubfinance as your agent to benefit from our commission rebates, please see Change of Agent.
Clubfinance Ltd is authorised and regulated by the Financial Services Authority. 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 us’. 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.
©2004-2010
Clubfinance Ltd, all rights reserved.
Clubfinance Ltd. Registered Office: Charleston House, 13 High Street, Old Town, Hemel Hempstead, Hertfordshire, HP1 3AA
Telephone: 01442 217 287, Fax: 01442 241 045
Registered in England, Registered Number: 04522114. Consumer Credit Licence Number: 608951
Clubfinance Ltd. is authorised and regulated by the Financial Services Authority (400139)