Motley Fool

By Cliff D'Arcy, Personal Finance Writer, The Motley Fool UK,
August 19, 2003

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Finally, I believe that Cavendish Online is remarkable, because it takes no initial commission and no annual commission either! Instead, it charges an upfront fee of (normally) £25 and, wherever possible, rebates all commission to its customers. This applies to investment products, pensions, life assurance, critical illness and income protection insurance. What's more, you can transfer existing investments to Cavendish and benefit from lower charges throughout the life of your plans, which could mean huge savings.

Recently, I wrote about my search for cheap life cover to protect my family. Cavendish's quote beat every other firm's hands down, and included the delightful phrase, "We won't pay any commission to your financial adviser." Just what I wanted to hear - it can't get any cheaper than this!