With our bespoke commission and charging structure, we start with a base annual management charge (AMC) that assumes no commission is paid. This means you can offer the product to your clients on a fee basis. If you prefer, you can build a bespoke charging structure around the agreed commission levels using:

• a five-year establishment charge (EC)
• a one-year financial adviser charge (FAC)
• an additional AMC
• a combination of a FAC and additional AMC

The table below gives you an 'at a glance' guide to some of the commission options available for regular and single contributions.

	EC		FAC		Additional AMC
	Regular	Single	Regular	Single	Regular	Single†
Initial commission (IC) only	75% x Lautro IC	6% IC if term >5 years	1% IC: 1% FAC (maximum 50% IC)	1% IC: 1% FAC (maximum 8.5% IC)	2% IC: 0.1% AAMC (maximum 10% IC)	1.4% IC: 0.1% additional AMC (maximum 7% IC)
IC and renewal	60% x Lautro IC and 2.5% renewal	n/a	Up to 45% IC and 2.5% renewal	n/a	Up to 5% IC and 2.5% renewal	n/a
IC and implicit fund-related commission (IFRC)	50% x Lautro IC and 0.1% IFRC	5% IC & 0.1% IFRC  if term >5 years	1% IC: 1% FAC (maximum 50% IC). IFRC can only be funded by additional AMC.	1% IC: 1% FAC (maximum 8.5% IC). IFRC can only be funded by additional AMC.	Up to 8% IC and 0.1% IFRC	Up to 5.6% IC and 0.1% IFRC
IFRC only	0.35% IFRC	0.6% IFRC	IFRC can only be funded by additional AMC.	IFRC can only be funded by additional AMC.	0.1% IFRC: 0.1% AAMC (maximum 0.5% IFRC)	0.1% IFRC: 0.1% additional AMC (maximum 0.5% IFRC)

*Commission figures quoted are based on a 'mid-point' of 0.35% establishment charge (maximum of 0.55%).
**Commission figures quoted are based on a 'mid-point' of 0.08% establishment charge (maximum of 0.12%).
†Single contribution commission paid for by an additional AMC is term related. Commission figures quoted are based on a term of more than 20 years.

You can find full details of the commission and charging options in our Adviser guide.