Skipton Financial Services Limited, The Bailey, Skipton, North Yorkshire BD23 1XT

Medical Insurance Agency (MIA) is a trading name and division of Skipton Financial Services Limited

1. The Financial Services Authority (FSA)

The FSA is the independent regulator of financial services. It requires us to give you this information when advising on some savings and investments. You may use this information to compare value for money, to shop around and to decide which firm to use.

2. Our Services

During our initial meeting we will describe the full range of services that we offer, as well as explain the payment details. If you decide to go ahead, we will:

• Discuss your personal financial circumstances, needs and objectives so that we can obtain an accurate assessment of your current situation
• Present our recommendations to you and explain our thinking behind any suggestions and products that we may offer
• With your agreement, we will arrange the relevant investments for you and assist you in filling out the paperwork
• Keep details of any products you have arranged so that we can provide an ongoing service in the event that you request a review as well as help with any future queries you may have

3. What are your payment options?

Not all firms charge for advice in the same way. We will discuss your payment options with you and answer any questions you have. We will not charge you anything until you have agreed how we are to be paid. We have ticked the payment options we offer.

Paying by fee. Whether you buy a product or not, you will pay us a fee for our advice and services.If we also receive commission from the product provider when you buy a product, we will pass on the full value of that commission to you in one or more ways. For example, we could reduce our fee; or reduce your product charges; or increase your investment amount; or refund the commission to you.

Paying by commission (or product charges). If you buy a financial product, we will normally receive commission on the sale from the product provider. Although you pay nothing up front, that does not mean our service is free. You still pay us indirectly through product charges. Product charges pay for the product provider’s own costs and any commission. These charges reduce the amount left for investment. If you buy direct, the product charges could be the same as when buying through an Adviser, or they could be higher or lower. We will tell you how much the commission will be before you complete an investment, but you may ask for this information earlier.

4. How much might our services cost?

Tables 1 and 2 show examples of the amount of commission we could receive (or the equivalent we earn through product charges) and compare those amounts with the market average (see notes 1 & 2 at the end of this section).

The amounts vary according to: the type of product, the amount you invest and (sometimes) how long you invest for, or your age when you start the product. We will confirm the actual amount to you before you buy a product.

Table 1 - Commission if you invest monthly

 

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Table 2 - Commission if you invest a lump sum

 

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Notes:

1. The market average figures are calculated by the FSA using actual data from a representative sample of regulated firms and are shown in a way that you may compare with our maximum rates. The market average figures will be updated by the FSA from time to time based on new data.
2. Where a firm sells its own products it must calculate its figures according to FSA guidelines.

5. Further Information

If you need any more help or information:

• ask your Adviser or
• visit http://www.moneymadeclear.fsa.gov.uk/

If you would like us to call you, just click here.

Alternatively call:
0800 137 832

Our corporate brochure will help you find out more about Skipton Financial Services.

To find out more about any of
the services we’ve mentioned
simply:

• Contact your SFS Financial Adviser
• Call a member of our Client
  Help Line on 0800 137 832
• Visit your local Skipton
  Building Society branch to
  arrange an appointment with
  an SFS Adviser

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