If a client retires earlier than their chosen retirement date, transfers or dies:
Adviser chargeCommission
Where possible, we'll deduct any outstanding initial charge from the plan value before it's transferred or the benefits are paid.
If the client dies and any ongoing charges have been deducted from the plan after the data of death, we'll credit these back to the plan.
If commission has already been paid, we may apply a clawback. You can find out more details in the remuneration guide below.
If a client retires later than their chosen retirement date:
Adviser chargeCommission If there are any agreed ongoing charges, these will continue to be paid until the new later retirement date or a specific chosen date.Any commission payments will continue being paid until the new later retirement date.