The payment which a financial salesperson or adviser receives from a company whose investments or insurance they have sold to you. Usually, the amount of commission is based on the value of the sale. Since the beginning of 1995, you must be told how much the salesperson or adviser will receive and you may be able to negotiate a rebate, so that you get part of the commission, or the product you're buying is enhanced. Alternatively, commissions received may be used to reduce the fees, if your adviser charges direct for their advice. Bonds or preference shares which can be swapped at a future date for ordinary shares in the company.
Convertibles usually offer a better return than ordinary shares.
You can buy convertibles through a stockbroker or financial advisor. In the meantime, you can sell the stock on the Stock Exchange at the going rate. You can buy corporate bonds through a stockbroker or financial adviser. There are also unit trusts which specialise in bonds, many of which are eligible for personal equity plans. You are sent a bill each month.