LDFerguson
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Can you send that type of instruction directly to Zurich or must you go through your broker. Execution only or otherwise ?
You can send instructions directly to Zurich Life.
Can you send that type of instruction directly to Zurich or must you go through your broker. Execution only or otherwise ?
You can go directly to Zurich.Can you send that type of instruction directly to Zurich or must you go through your broker. Execution only or otherwise ?
Zurich are set up to accept instructions directly for extra drawdowns or changes to regular drawdowns. I always used this facility. The Execution only broker would do these also but the Zurich response is rapid and was preferable.Can you send that type of instruction directly to Zurich or must you go through your broker. Execution only or otherwise ?
I didn't know you could direct a query to an execution 'only' broker. I thought they execute the set up of an ARF and that's the end of the relationship. Surely if you have queries after set up you would have to pay the execution only broker to answer any query.Zurich are set up to accept instructions directly for extra drawdowns or changes to regular drawdowns. I always used this facility. The Execution only broker would do these also but the Zurich response is rapid and was preferable.
A few times when I had a specific question relating to my ARF or a question relating to ARFs in general Zurich would refuse to answer and referr me to my advisor (E O broker).
The Execution only broker directs any queries forward to Zurich.
The Execution only broker is the named advisor for my ARF and has no problem providing this service.
The Execution only service cannot include advice relating to fund choice and investment strategy. Other than that they are the ARF advisor.
No, the broker has a contract to be the advisor for the ARF. They receive ongoing commission. They are not your financial advisor, but can and do assist with any technical issues with the ARF.I didn't know you could direct a query to an execution 'only' broker. I thought they execute the set up of an ARF and that's the end of the relationship. Surely if you have queries after set up you would have to pay the execution only broker to answer any query.
Are you sure the execution only broker receives ongoing commission. My AMC is .35% and it is clear that there are no other charges. Perhaps the execution broker receives something of the .35% back from the provider.No, the broker has a contract to be the advisor for the ARF. They receive ongoing commission. They are not your financial advisor, but can and do assist with any technical issues the ARF.
I suppose the term agent, would be a better description than advisor.