Moneynotion Limited

Fully Independent Advice on

Insurance, Mortgage, Financial Advice and Risk Management

We give advice on and arrange:

 

                ü       general insurance contracts

                ü       life assurance and insurance

                ü       pensions

                ü       savings

                ü       mortgages and re-mortgages

                ü      risk management.

 

We try and do this in a tax-advantageous way for our clients.  This includes (but is not confined to) income tax, higher rate tax and inheritance tax.

 

We add value to the various products you buy through us by:

 

ü    giving impartial advice on how you can manage the risks you run and minimise them

ü    shopping around, comparing prices and benefits of different products for you

ü    using our wide experience of how your insurers/investment houses/lenders should be handling your affairs

ü    applying our experience of a wide range of business and private affairs to your insurance/investment/mortgage needs

ü    giving advice and assistance with claims and disputes

ü    saving your valuable time, releasing it for your professional or leisure use.

 

Our advice is independent and confidential.

 

       A tied agent offers the products of one company only for each product he        sells - and is hardly likely to tell you if that product can be bettered elsewhere!

 

       We have no allegiance to any insurer, investment or other financial institution.

 

       Our allegiance is to our clients, many of whom are successful in their own right and        know what it is to give good service in their own organisations.

 

We use our experience of what different insurers offer and of what you need to determine which insurer and which product is most likely to be the best for you.

 

We never knowingly recommend a product which we would not buy ourselves in your circumstances.

 

How We Choose With Whom to Place Your Business

 

We normally try to deal with companies with whom we would place our own business.

 

Sometimes this involves a subjective value judgement, which we try to make based on our market knowledge.

 

We grade financial institutions in three categories:

ü       those with whom we would place our own business.

ü       those with whom we will deal if clients wish us to (e.g. on grounds of price) but where we would not place our own business.

ü       those where we would rather not have the business than deal with them.

 

Price is important.  So is value for money.  In practice very few people buy things only on price (or we would all drive second hand Eastern European cars).

 

We believe that our clients expect us to guide them towards:

ü       good products.

ü       competitively priced.

ü       where the service is reasonable for what has been paid.

 

How We Are Paid

 

Usually we are paid by commission on the transactions we undertake on your behalf.  We feel that on balance this:

 

ü       is fair.

ü       enables clients to ask us for advice without the constraints of fees. Of course, it means that those who take our services pay for our time spent on those who don't, but over the years we have been in business we have noted that this has not detracted from our clients’ best interests in any.

ü       is more cost-effective for most clients.  EU resident clients should note that VAT is payable on fees for work done, but not on commissions.  As our services have to be paid for one way or another, commission is therefore a less expensive way of having our advice, unless you are registered for VAT and can claim it back.

 

We are prepared to work on a fee basis or part commission/part fee when it is not in a client's interests for us to be paid by commission only, or where the work is too substantial for the rewards offered by commission only.  We only do this by prior arrangement.

 

We have always been prepared to say how much commission we make on a transaction.  If you want to know, please ask.

 

Where we make recommendations and they are taken up in whole or in part, we feel it is fair that any business done should be placed through us.

 

We believe it is fair that we should be paid for the work we do.  Therefore, when our recommendations are taken up in whole or in part, but not through us, a fee is payable equivalent to either our standard agreed fee or to the commission which would have been payable had we been instructed.

 

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What we do