Ball says: "It is a flexible commission. However I would prefer a basic inbuilt commission which could be rebated to clients as considered appropriate, rather than a discretionary charge of up to five per cent."
Stevens says: "The commission is very flexible so that the IFA can set their own level. We would be likely to take three per cent initial and 0.25 per cent trail."
Looking at the product literature the panel is positive. Ball regards it as attractive and well written, while Laymond thinks that it is clear and concise. Bulgin says: "The product literature is comprehensive and is of good quality."
Stevens says: "The literature is good. It goes into detail to explain fully the two asset classes, which obviously helps to explain the investment to clients."
Summing the product up, Bulgin says: "This appears to be an innovative product, which should prove popular in a niche market."
Stevens concludes: "The ability to take what in effect can be a tax-free income is good. CGT is the only tax to look out for, but most clients never use their CGT allowances anyway."