Moving VCTs / Bonds / Structured Products to Cavendish Online
If you have a VCT, Bond or Structured Product that is paying trail commission (often 0.5% per annum) then you may be able to move the plan to Cavendish Online's agency and we will pay this commission back to you.
You will need to check with your current plan provider to confirm that trail commission is being paid and to check whether this will continue to be paid if the plan were to move under the Cavendish Online agency. Unfortunately we will be unable to find this on your behalf as we will have no authority on your investment until after the change.
We charge a one-off fee of £25 per investment to carry out this process and will rebate 100% of the trail commission each year minus a £10 administration fee. If you hold the product outside of an ISA then we will deduct basic rate income tax from this payment. We are unable to claim back any commission that has already been paid.
How to apply?
Please tick this box to confirm that you understand that we cannot guarantee that trail commission will be paid to Cavendish Online. 100% of any commission that is paid will be rebated back to you on an annual basis in August after we deduct our £10 administration fee. This also confirms you have read our Terms & Conditions.
To apply please post the following to FREEPOST CAVENDISH ONLINE:
- Completed Change of Agency Form
- Completed Client Declaration
- Cheque payable to Cavendish Online Ltd for £25 per investment
Please send ALL the above forms to FREEPOST CAVENDISH ONLINE.
We will not be able to process your application unless we receive both forms and the cheque.