Advised Explicit Investment Funds to ISA Application Form

Investment Funds to ISA
(Stocks and Shares) 2014/2015 Tax Year
ADVISED
Explicit Pricing
The disclosure documentation applicable to this transaction is
0 2 1 4 A E
This form is to be used for Advised clients only, on Explicit Pricing.
This application form is used to subscribe to a stocks and shares ISA with Cofunds. By completing this application, you agree to subscribe to a 2014/2015 tax year Stocks and Shares ISA
and each subsequent year until further notice. You are not obliged to invest in subsequent tax years unless you choose to do so. Please note: the investment service of this application
form needs to match the investment service of the account your ISA is held in.
The ISA allowance for all investors is £15,000 for the 2014/2015 tax year.
Please complete this application form using black ink and BLOCK CAPITALS and return to: Cofunds Limited, PO Box 1103, Chelmsford CM99 2XY
1 Adviser Details
(For adviser use only)
You will require a Cofunds Authorisation Code before being able to transact business. If you do not include this we will not be able to process this application.
Please note: our system will be updated to link the client to this Intermediary Authorisation Code.
Cofunds Intermediary Authorisation Code
Adviser’s client/deal ref.
1A. CONFIRMATION OF VERIFICATION OF IDENTITY (PRIVATE INDIVIDUALS)
Confirmation of Verification of Identity - Declaration by directly authorised firm. Who has been verified?
Full name
I/We confirm that:
a)The name, address and Date of Birth information contained in this application was
obtained by me/us in relation to the customer(s);
b)The evidence I/we have obtained to verify the identity of the customer(s):
(Tick one box only)
Meets the standard evidence set out within the guidance for the UK financial
sector issued by the JMLSG; or
Exceeds the standard evidence - where the client is a Politically Exposed Person
(written details of the further verification evidence taken are attached to this application).
Explanatory notes:
1. The party that you have verified the identity of must be named above.
2.This confirmation cannot be used to verify the identity of any customer that falls into
one of the following categories:
• Those who are exempt from verification as being an existing client of the
introducing firm prior to the introduction of the requirement for such verification;
• Those whose identity has not been verified by virtue of the application of
a permitted exemption under the Money Laundering regulations; or
hose whose identity has been verified using the source of funds as evidence.
•T
3.This confirmation must carry an original signature as part of the application.
1B. CONFIRMATION OF VERIFICATION OF BANK ACCOUNT DETAILS
I/We confirm that:
The Sort Code, Bank Account Number and Account Name within the Nominated Bank Account section was obtained and verified by me/us in relation to the customer(s) below.
1C. ADVISER CONFIRMATION
Full name of regulated firm
Signed
FCA ref no.
Name
Date
Position
2 Personal Details
(Please complete this section in full)
Designation (if applicable)
Existing Cofunds Client Reference
I have received advice from a financial
adviser in relation to this investment.
Current permanent residential address
Mr/Mrs/Ms/Miss/Other
Surname
Full first name(s)
MaleFemale
National Insurance Number
Postcode
/_ _ / _ _ _ _
_ _ /_ _ /_ _ /_ _ / _
Date of Birth _ _
D D
M
M
Y
Y
Y
Y
Time at this address
yrs
mths
If at current address for less than two years, please supply previous address and time there
You should be able to find your NI number on a payslip, form P45 or P60, a letter from HM
Revenue & Customs, a letter from the DWP, or pension order book.
If you do NOT have a National Insurance Number, please tick here
Please read the following sentence and confirm by ticking the box if applicable. If you can’t
confirm and tick the box, please complete the Individual FATCA Self-Certification Form
that can be found in the Document Centre via the Cofunds website.
I confirm that I am solely UK resident for tax purposes and not a US citizen
Postcode
Time at this address
yrs
mths
If more than one previous address in the last two years, please provide full details including the time at each
address on a separate sheet of paper and staple securely to this application form.
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2 Personal Details
(Continued)
2A THIRD PARTY OR JOINT HOLDER WITHDRAWAL DETAILS (PLEASE COMPLETE IF RELEVANT)
Please complete this section if the person funding all or part of this investment is not the ISA applicant listed in Section 2.
Existing Cofunds Client Reference
Current permanent residential address
Mr/Mrs/Ms/Miss/Other
Surname
Postcode
Full first name(s)
Date of Birth _ _
D D
/_ _ /_ _ _ _
M
3 Segmentation
M
Y
Y
Y
Y
(For adviser use only)
Only complete this section if the client is not currently segmented or if you wish to change their segment. All clients trading through Cofunds must be assigned to a segment.
Please enter the FULL name of the segment as known by Cofunds using BLOCK CAPITALS
We will update your client’s segment to the one entered above. Please note: if you change your client’s segment this may alter the fee model your client is assigned to.
If the chosen segment has a Fund Sale Instruction applied your client must be made aware of this. If your client has a model portfolio you must also explain the model portfolio sell
down process to them.
Should you wish to take a fee, please ensure that the applicable fee model is assigned to the segment entered. Please note: we can’t pay out fees until we receive your client’s affirmation
that they have agreed to the fee by completing Section 11 of this form.
4 Nominated Bank Account
Complete this section if you have not provided us with your nominated bank account details. If you are an existing customer, only complete this section if you would like to change your
nominated bank account details. Any change to your nominated bank account will not be applied to your regular monthly investments.
You can only have one nominated bank account at any given time.
Branch Sort Code
Name of account holder
–
Bank or Building Society name and address
–
Bank/Building Society Account Number
Building Society Roll Number
Postcode
5 Withdrawal Authorisation (All holders mentioned in Section 2A MUST complete this section)
If you are a single holder (primary only) and there are no joint holders for this investment, then you do not need to complete this section. Signing the declaration in Section 12 will
constitute your authorisation to withdraw. I authorise Cofunds to withdraw on my behalf and reinvest into a current year ISA as indicated in Section 6.
Surname
Surname
Full first name(s)
Full first name(s)
Primary holder
signature
Date
Third holder
signature
Surname
Surname
Full first name(s)
Full first name(s)
Secondary holder
signature
Date
Fourth holder
signature
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Date
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6 Withdrawal Details (Investment funds)
Please indicate the choice of funds you wish to sell. Please note: this form should not be used to fulfil any additional withdrawal instructions.
If you do not indicate how your investment(s) should be withdrawn, we will automatically withdraw proportionately across your investment funds. This will maintain your current fund percentage.
Please enter the cash amount to be withdrawn from your investment fund holding
Fund(s) to be sold
Fund manager, fund name and share class
£
*
% to be
Continue
Sold of cash
Tick if you want
Cash
monthly saving
to sell all
amount*(Y/N)
amount above
Please note: we cannot guarantee the exact amount that your deal will realise, which may result in over/under payment in respect of the withdrawal amount you require.
Please refer to Section 9 for more details.
If you are subscribing by monthly Direct Debit to the fund(s) that you have selected to sell, please specify whether you wish to continue subscribing to these fund(s).
*Cofunds will sell units plus an additional 5%. The extra 5% is in case unit prices go down between when we calculate the units to sell, and when they are actually sold.
Please tick this box if you would not like us to include an additional 5%.
The withdrawal and investment selection will be actioned in the same tax year unless you tick this box. If you tick this box please provide a cover note with instruction.
7 Investment Selection
Minimum investment £1,000 per fund (lump sum). For further details about the available funds, please refer to the Key Investor Information Documents (KIID) and/or Fund Key Features
Document. A copy of the KIID can be found via the following link: https://www.cofunds.co.uk/Investors/Reports_and_Accounts_Investors.aspx
Please note: your total ISA subscription for each tax year must not exceed your ISA allowance.
Please ensure the funds are available through Cofunds. You can only choose commission-free share class funds. If you do not indicate the share class, we’ll select the commission-free
share class fund, where available.
Please note: if your adviser has agreed exclusive share classes with a Fund Manager for your selected funds, we’ll always invest in that exclusive share class and not the share class you’ve
selected below.
Please tick this box if you would like to invest proportionally into the investment ISA within the same funds as stated in Section 6.
Please invest no more than
£
in total.
Type of
unit/share
(delete as
appropriate)*
Fund manager, fund name and share class
(example) World Equity A Fund
OR Cash amount
% to be invested
N/A
%
£
ACC/INC
%
£
ACC/INC
%
£
ACC/INC
%
£
ACC/INC
%
£
ACC/INC
%
£
ACC/INC
%
£
%
£
100%
£
CASH RESERVE†
Total
*ACC/INC
If you do not specify ACC or INC in this column, and do not complete Section 8, Cofunds will invest into accumulation units/shares where available.
†Cash Reserve
Please note: this will be included as part of your ISA allowance and not placed into your cash account.
8 Income
Complete this section if you have requested income units/shares (‘INC’). The option you choose will be applied to all income units/shares you hold within this product unless ‘Retain in
fund’ is selected.
Please note: if you are taking regular withdrawals from your cash account you may only select the ‘Cofunds Cash Account’ or ‘Retain in fund’ options.
If you have selected the option to ‘Retain in fund’ this will only be applied to the commission-free share class funds you hold, any commission-included share class funds you hold will
continue to pay income in accordance with your previous instruction.
Consolidated monthly income
Income generated from your investment funds will be consolidated into your cash account and paid to your nominated bank account on a monthly basis.
Cofunds Cash Account
Income generated will be paid into your cash account to be held on platform for withdrawals or future investment.
Retain in fund
Income generated from this investment will be retained in the fund.
If you do not already hold income units/shares within this product and you do not tick one of these boxes we will select the ‘Retain in fund’ option by default. If you already hold income
units/shares within this product and you do not tick one of these boxes we will apply your existing income option.
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9 Product
Please indicate which of your products you wish your choice in Section 8 to apply to by ticking the relevant box.
Please note: ISA refers to all ISA products held (including ex Mini and ex PEP).
Investment Funds
ISA
Both
If you do not choose an option here, then we will apply the chosen income option to all products held as outlined in Section 8.
10 Excess Balances (If applicable)
Transferring your investment funds holdings into an ISA may result in an excess balance. The value of your investment fund holding may change between the time you complete this
form and the deal being placed. This is due to daily price movements.
We will automatically reinvest any excess balance from your withdrawal into the highest value commission-free share class fund within your investment holding.
Please note: any excess balance from a third party/joint holder withdrawal will be paid into the third party/joint holder investment holding.
If you would like your excess balance deposited into your Cofunds Cash Account, please specify using the tick box below.
Please pay any excess balances into my Cofunds Cash Account. We will apply this option as a default if no commission-free share class funds are held within your investment holding.
Please note: any excess balance from a third party/joint holder withdrawal will be paid into the third party/joint holder cash account.
11 One-off Advice Fee Payment
(For adviser use only)
To avoid duplication, please do not enter this one-off fee on any other application form.
Fee will be deducted from your Cofunds Cash Account.
Fee will be paid from the same Platform Account Reference as this investment instruction.
If you wish to pay the fee from a different Platform Account Reference please state below.
Pay from Platform Account Reference:
A
Date of advice
Amount of fee (monetary amount)
£
Percentage of fee VAT applicable to
%
Amount of VAT £
Total fee £
12 Declaration and Authorisation (As per client mentioned in Section 2)
I declare that:
All investment subscriptions made now and in the future belong to me.
I am aged 18 years or over.
I have not subscribed and will not subscribe to more than my overall subscription
allowance in total to a cash ISA and a stocks and shares ISA in the same tax year.
I have not subscribed and will not subscribe to another stocks and shares ISA in the same
tax year that I subscribe to this stocks and shares ISA.
I am resident in the United Kingdom for tax purposes, or, if not so resident, either
perform duties which, by virtue of Section 28 of Income Tax (Earnings & Pensions)
Act 2003 (Crown employees serving overseas), are treated as being performed in the
United Kingdom, or I am married to or in a civil partnership with a person who performs
such duties. I will inform Cofunds Limited if I cease to be so resident or to perform such
duties, or be married to or in a civil partnership with a person who performs such duties.
I authorise Cofunds Limited to:
Hold my cash subscription, ISA investments, interest, dividends and any other rights or
proceeds in respect of those investments and any other cash.
Make on my behalf any claims to relief from tax in respect of my ISA investments.
I confirm that:
I have viewed the Terms and Conditions of the Cofunds Platform (Advised Explicit Pricing)
and by signing this application form I agree to be bound by them.
I have viewed the relevant product Key Features and fund specific information
and/or Key Investor Information Documents (KIID) relating to my investment.
A copy of the KIID can be found via the following link:
https://www.cofunds.co.uk/Investors/Reports_and_Accounts_Investors.aspx
I understand that there are fees (the Cofunds Platform Charges) for the use of Cofunds
services. I authorise Cofunds to collect these fees from my Cofunds Cash Account. If
there is insufficient money in my account, I authorise Cofunds to sell enough of my
platform assets to pay these fees in accordance with the ‘Our Charges’ section of the
Terms and Conditions of the Cofunds Platform (Advised Explicit Pricing).
I understand that the Terms and Conditions of the Cofunds Platform (Advised Explicit
Pricing) are the standard terms upon which Cofunds intends to rely, and it is important
that I read and understand the terms before agreeing to be bound by them. If there is any
term or point I do not understand or do not wish to be bound by, I understand that I can
request further information before signing this application.
I understand that my signed application form (once accepted by Cofunds) together with
the Terms and Conditions of the Cofunds Platform (Advised Explicit Pricing) form my
customer agreement with Cofunds Limited. I understand that the commencement of
my ISA may be delayed or rejected if this application form is not complete in all respects.
You may undertake a search with a reference agency for the purposes of verifying my
identity.
To do so, the reference agency may check the details I supply against any particulars
on any database (public or otherwise) to which they have access. They may also use my
details in the future to assist other companies for verification purposes. A record of the
search will be retained as an identity search. I declare that the information contained in
this application form is correct to the best of my knowledge and belief.
I understand and accept that if the fund(s) selected in this form are not available to my
adviser, Cofunds will automatically select a comparable fund available to my adviser
when processing my application. I understand and accept that I am entitled to cancel my
application in accordance with the Key Features applicable to the product I am investing
in and that if I chose to cancel my application, my investment shall be subject to market
movement during the period from the date when my application is processed to the date
my investment is sold.
Fund Sale Instruction
I confirm that my adviser has explained to me whether a Fund Sale Instruction applies
to the segment linked to my investment. If a Fund Sale Instruction applies to the
segment linked to my investment, I accept and agree that funds will be sold to settle
any outstanding fees and charges which have accrued prior to this date and all fees and
charges payable hereafter.
I understand and accept that this may result in commission-included share class funds
being sold to cover the fees and charges.
Data Protection
Cofunds Limited is a registered Data Controller and a fully owned subsidiary of Legal
& General Group Plc. Cofunds Limited will use your information for the administration
and servicing of your investments and all other related activities. We may disclose your
information to other companies within the Legal & General group of companies, future
owners of our business, and suppliers we engage to process data on our behalf for these
purposes. We may also disclose your information to organisations for compliance with
legal and regulatory requirements.
With the exception of the above provisions, we will not pass on your details to any other
third party without your permission, but we will disclose information concerning your
investment to your nominated adviser.
Cofunds may transfer your information to countries outside of the EEA for the
administration and servicing of your investments. In such cases, contracts will be put in
place to ensure that the service providers protect your information in accordance with
the requirements of the Data Protection Act or any legislation that may be enacted to
replace that Act.
If you require a Fund prospectus, please contact your adviser or Fund/Plan Manager
directly.
If you wish to attend/vote at unit holder or shareholder meetings, please tick this box
If you wish to receive reports and accounts, you can download them free of charge at:
https://www.cofunds.co.uk/Investors/Reports_and_Accounts_Investors.aspx
If you wish to receive paper copies of reports and accounts please speak to your adviser.
You can also request to receive paper copies of reports and accounts by writing to us
at Cofunds Limited, PO Box 1103, Chelmsford CM99 2XY.
We will apply a £20 administration charge per fund for each request to attend/vote at unit
holder and shareholder meetings, and for each request to receive paper copies.
Signature
Date
Please note: this form will be returned if it’s not signed and dated.
13 Notes
All proceeds will be held by Cofunds and will normally be reinvested into your ISA one business day from when Cofunds initiate the transaction.
Issued and approved by Cofunds Limited, One Coleman Street, London, EC2R 5AA.
Registered in England and Wales No. 3965289. Authorised and regulated by the Financial Conduct Authority (FCA) under FCA Registration No. 194734.
CA17AUB 01/15
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