Club finance Ltd is a discount broker who specialises in rebating commission on investment products arranged through Club finance or following a transfer of agent to Club finance. Club finance also offer cheaper insurance by 'giving-up' a large proportion of their commission.
At Club finance we have a very simple strategy, we rebate between 75% and 100% of initial commissions on lump-sum investments. For all other commissions received we rebate 75%. This includes all 'trail' (renewal) commissions. We cover a vast spectrum of investments including Child Trust Funds, where commission is paid. The effect of the rebate is to either discount the charges on the investment or you will receive a cheque for the value of the rebate.
For regular monthly investments into products such as unit trusts Club finance rebate 90% of the initial commission (which is based on the amounts invested), and 75% of the renewal commission, (which is paid periodically based on the total value of the investment). For monthly products such as endowments, Club finance rebate 75% of all commissions, both initial and renewal (in this case, both these types of commission are based on the amounts invested).
For term life insurance Club finance give up between 90% and 95% of our initial commission. This is reflected in lower premiums in the quotations that are generated. (Club finance retain the renewal commission, which is relatively small in comparison to the initial commission). Click here for a no obligation quote for term life assurance.
If you have already purchased a product through a different financial intermediary, or even direct from the product provider, and you are not receiving or needing on-going advice with regard to the suitability of the product you can change the agency of the product to Club finance and we will rebate 75% of the commissions received back to you. Use the following link for the Change of Agent Service:
Club finance change of agent for investment products
We rebate commissions as we do not provide advice - Club finance provide an execution only service. Our discount broker service is only for individuals who do not require any advice on their investments or insurance. See our Club Finance homepage for more information
Club Finance rebate commission in a combination of the following 3 ways:
1. If the product providers systems are set up to provide commission rebates, Club finance will generally rebate commission directly into the product. This manifests itself by either a reduction in the product's charges or a greater allocation of product units.
2. Under some circumstances, for example, where a product provider's systems will not allow automatic rebates of commission, Club finance rebate commission by writing you a cheque for the amount.
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one month after Club finance receive the commission; or |
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one month after the end of any 'clawback period' imposed by the provider. |
A clawback period is the time from taking out a policy that the product provider will reclaim commission back from Club finance. Due to our large percentage rebates, we cannot afford to take the bad debt risk should a product be cancelled. Club finance opt to receive commission on a non-indemnity basis where possible, ensuring the clawback period, if any, in most cases is very short.
3. For non-investment insurance products, for example term life insurance, the commission we give up reduces the monthly premium payable on the policy. This is automatically built into the quotes that Club finance provide. We typically rebate up to 90% of initial commissions. Please use the link below for a quote:
A typical unit trust might pay an initial commission of 3% and a renewal commission of 0.5%.
If you invested £10,000 in this unit trust, using Club finance to arrange the investment, you would receive an initial commission rebate of £225.00 and a rebate every year of approximately £37.50. The yearly rebate will depend on the actual value of the unit trust for that year so if the value was less then £10,000 in any year, it would be less and if the unit trust increased in value above £10,000 you would receive more.
If you had purchased the above product through a different financial intermediary and opted to change the agent of the product to Club finance. For every full year (to 31 October) Club finance is the agent you would receive a cheque for approximately £37.50 (as above, this would be higher or lower depending on the actual value of the investment).
Most products which have trail (or renewal) commission can be transferred to Club finance. This can include, unit trusts (including ISAs), endowment policies and regular savings plans. To find out if any financial products you hold pay commissions each year, look at the policy documents you received when you took out the investment, or contact your product provider or the financial intermediary who sold you the product (they must disclose this information to you if asked).
There is no minimum size for a product to be to change agency, our business model is geared towards helping people with very small investments as well as very large ones, everyone will benefit.
To use our service, please click on of the following links to be taken to our main trading website
Click here to be taken to the Club Finance Discount Broker homepage
Click here to be taken to the Club Finance change of agent page
Click here to be taken to the Club Finance insurance page
To understand more about what a discount broker is, please use the following link:
Important InformationClubfinance 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.
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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)