Products, Fees & Eligibility
What is our standard account fee?
0.15%
What does CASS stand for?
Client Asset Sourcebook
Who is responsible for the regulation of tax benefits in relation to ISAs?
HMRC
What does 'In-Specie' mean?
As it is/in it's current form
Does a client initiate a tramsfer OUT with Vanguard or their new provider?
Their new provider (RP)
If you hold an ISA and GA and both have cash in them, which one will the fees be taken from?
GA
What does FSCS stand for?
Financial Services Compensation Scheme
What is your annual ISA allowance (subscription)?
£20,000
What is the name of the software used for electronic transfers?
Origo
What type of Transfers Outs can we facilitate for a General Investment Accounts (GA)?
Cash (Full or Partial)
Vanguard Funds (Full or Partial)
How long does someone have to close their account once becoming a US person?
30 Days
How much loss is protected under FSCS?
£85,000 per client
What is the annnual allowance (subscription) for a JISA?
£9,000
What is the name of the paperwork issued by the CP to the client or FNZ to facilitate a a SIPP paper transfer?
Discharge Paperwork
What is the fee we charge clients for transferring OUT?
Nil
If you move abroad (not including the US or a sanctioned nation) what are you still able to do on your account?
Sell & Withdraw
Where are Client Assets held for UK domiciled Funds?
BBH
Vanguard’s ISAs allow you to subscribe the same amount as you withdraw each year on top of your subscription allowance, what is this type of ISA known as?
Flexible ISA
What type of Transfers INs can we accept for a GA?
Partial Transfers ONLY - If client wants to transfer cash then they need to withdraw to bank account and deposit into VG GA account with UK debit card
What type of Transfers OUTs can we facilitate for a SIPP which is in Drawdown ONLY?
Full Transfer
Fund Management Costs are made up of what 3 elements?
Ongoing Costs, Transaction Costs & One-Off Costs
Where are Client Assets held for Irish domiciled Funds?
SS&C
Any profit on investment made in ISA is not subject to what kinds of tax?
Capital Gains Tax & Income Tax
What is the next step in an ISA/JISA/GA paper transfer after 'Transfer instructions are sent to existing provider via post/email'?
Valuation received via post/email
If a client wants to transfer current tax year contributions (subscriptions) from their ISA then how must we facilitate the transfer?
In FULL, not partial