Discount Broker for investments, insurance & mortgages
If you would like to know the process for investing through a fund supermarket, instead of directly with the product provider, please click here.
Please make sure that you obtain the current versions of our documents from our website [How?].
1. Combined Initial Disclosure Document - key facts about our services
It is important
that you have information at an early stage including the nature and scope
of the services that we may offer. Please read our Combined Initial
Disclosure Document and print off a copy or store it on your hard drive
for future reference.
You can use the following link:
2. Tell us the product you are interested in
You can tell us which product you are interested in using the following
general form:
Alternatively you can use a form tailored to the product type using the links on the following page:
If you are making a preliminary enquiry, you just need to include your details, the product provider and the product name or names. If for any reason the form does not work on your browser you can use our e-mail address shown on our contacts page. Please provide your name, address, the product provider, the exact name of the product, the amount, the term of investment and other options, if applicable. If we need further information we will contact you by e-mail (please note we will not use your e-mail address for any other purpose without your permission).
3. We will send you the appropriate information
To purchase a product, we must ensure that you have access to the
following:
- Clubfinance’s Combined Initial Disclosure Document (see above);
- the product provider's Key Features document or Prospectus for the product;
- the product provider's Terms of Business if separate;
- the product provider's application form;
- Clubfinance's Terms of Business;
- Any additional risk warnings such as those for VCTs, Investment Trusts and PEP/ISA transfers; and
- a Commission Statement (and personal illustration).
We will send you via e-mail, the product provider's Key Features (or equivalent) and Terms and Conditions for your product. Please note that if we have not previously dealt with a product provider there may be a delay while we register with the product provider. We will also send you a commission statement detailing the commission on your product and our rebates of commission to you. If you have not specified all the details in your original request, this will be an illustration only.
4. Read the Key Features (or
equivalent) documentation
It is important to read the product provider's key features associated
with the product purchased
and either
print off a copy or store it on your hard drive for future reference. If you feel you need any form of advice you
must not use our service, we offer an execution-only service for
individuals who require no advice.
5. Read the product provider's Terms of Business
It is important that you read the product provider's Terms of Business,
and either print off a copy or store it on your hard drive for future
reference.
6. Read our (Clubfinance Ltd) Terms of Business
and any additional risk warnings
It is important you understand our Terms of Business, as we rebate
high levels of commission, we provide a very specific service. To
understand our service fully you must read our Terms of Business.
You should
either print off a copy or store it on your hard drive for future
reference together with any additional risk warnings that are relevant to
your investment. Our
Terms of Business are applicable to all transactions with Clubfinance Ltd
and can be found using the following link:
There may be additional risk warnings applicable to your investment. These are available here:
7. Check the Commission Statement (and Personal Illustration if
applicable)
It is a requirement of the Financial Services Authority for you to
be aware of the commission relating to the product you are purchasing in terms of
pounds and pence. We will send you a Commission Statement that shows the expected commissions from your
investment and the amount rebated by Clubfinance. Some commissions are based
on the future value of your investment, so the actual commission obtained
will vary
with investment performance. For this commission we
will provide examples. You acknowledge the Commission Statement by signing our client declaration form. We regret we cannot process an application until we have
evidence that you understand the commission associated with your
investment.
To process an application the Commission Statement (and Personal Illustration, if applicable) must match the amount and product options on the application form you provide to us. Please request a new Commission Statement (and personal illustration) if this is not the case. You should either print off a copy or store it on your hard drive for future reference. To request a commission statement please use the link below:
8. Print and complete the Clubfinance Client Declaration form
It is important that you fully understand our service and
confirm to us that you have taken due care and diligence in choosing your
investment. The client declaration provides an important checklist and
evidences to us your acceptance of our Terms of Business. We regret we
cannot process an application unless we receive a signed copy of the
client declaration form.
You should also either print off a copy or store it on your hard drive for
future reference.
Our client declaration form can be found using the following link:
9. Proof of name and address
If this is the first time you are using our service, you must ensure that
you send us relevant proof of your name and address. Due to strict
money laundering regulations we cannot process your application without
these. If you have changed your name or address since last using our
service you must also supply further identification. Our identification
requirements and information regarding what forms of identification are
acceptable to us are found using the following link:
If however you do not have any of the forms of identification listed, then please send an e-mail explaining your circumstances to our e-mail address shown on our contacts page and we will make our best efforts to find a suitable alternative means of verification for you.
10. Complete the product provider's application form
The product provider's application form must be completed, signed and posted to
us along with the other required documentation.
You should
also either print off a copy or store it on your hard drive for future
reference.
If you are enclosing a cheque, this must be made out to the product provider as shown on the application form.
11. Posting Checklist
Before posting your application we recommend you review our posting
checklist to ensure all required items are sent with your application and
to
avoid unnecessary delays. Our posting checklist can be obtained through
the following link
12. Post Application
NOTE: To benefit from our service, you must post your application to
Clubfinance rather than the product provider
Please post your application and Clubfinance Client Declaration, including proof of name and address if required, to:
Client Services
Clubfinance Ltd
P.O. Box 1036
Hemel Hempstead
HP1 2WU
Other information
If you have a specific query, please e-mail us
using our e-mail address shown on our
contacts page.
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.
©2004-2008
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)