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INVESTOR PORTFOLIO SERVICE (IPS) THE …

INVESTOR PORTFOLIO SERVICE (IPS). THE INVESTOR . PORTFOLIO SERVICE . NON-ADVISED TERMS. AND CONDITIONS. 2 THE INVESTOR PORTFOLIO SERVICE NON-ADVISED TERMS AND CONDITIONS. THE INVESTOR PORTFOLIO SERVICE . NON-ADVISED TERMS AND. CONDITIONS. This section contains the IPS Terms and Conditions for INVESTOR PORTFOLIO SERVICE (IPS). These IPS Terms The IPS Terms and Conditions, which are and Conditions are separate from, and should be read governed by English law, shall apply to your alongside, the Product Terms and Conditions for the Account as soon as we accept your correctly relevant IPS Product(s) that you hold. completed Application, and payment where required, for a Product. The information These IPS Terms and Conditions, together with your contained in these IPS Terms and Conditions Product Terms and Conditions, set out the legal and the Application is based on our agreement that applies between you and us in relation understanding of current legislation and to your investment through IPS.

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1 INVESTOR PORTFOLIO SERVICE (IPS). THE INVESTOR . PORTFOLIO SERVICE . NON-ADVISED TERMS. AND CONDITIONS. 2 THE INVESTOR PORTFOLIO SERVICE NON-ADVISED TERMS AND CONDITIONS. THE INVESTOR PORTFOLIO SERVICE . NON-ADVISED TERMS AND. CONDITIONS. This section contains the IPS Terms and Conditions for INVESTOR PORTFOLIO SERVICE (IPS). These IPS Terms The IPS Terms and Conditions, which are and Conditions are separate from, and should be read governed by English law, shall apply to your alongside, the Product Terms and Conditions for the Account as soon as we accept your correctly relevant IPS Product(s) that you hold. completed Application, and payment where required, for a Product. The information These IPS Terms and Conditions, together with your contained in these IPS Terms and Conditions Product Terms and Conditions, set out the legal and the Application is based on our agreement that applies between you and us in relation understanding of current legislation and to your investment through IPS.

2 HM Revenue & Customs practice and could be This version replaces the previous version of the affected by changes in legislation and practice. INVESTOR PORTFOLIO SERVICE Terms and Conditions (both In the event of any conflict between the IPS. Sections A and B) for non-advised customers and is Terms and Conditions and your Product valid from 25 May 2018. Terms and Conditions, the Product Terms and Changes from the last version: Conditions will always prevail. We've updated clause DATA PROTECTION. In the event of any conflict between the ISA. to reflect the implementation of the General Data Regulations or any other Regulations or Protection Regulation (GDPR). legislation relating to your Account, and the IPS. Terms and Conditions, the ISA Regulations and/or the other Regulations/legislation will always prevail. The IPS Terms and Conditions and all communications will only be available in English.

3 All communications you receive from us will be by letter, telephone or email unless we agree with you otherwise. Customers investing through Nationwide Building Society: All terms in this document (Part A and B). are relevant to you if you invested before 1 July 2014 (you receive our Standard Platform SERVICE ). If you invested on or after 1 July 2014 through Nationwide in our Basic Investment SERVICE please note: You are unable to make a joint investment through this SERVICE . The Funds you can invest in do not have Distribution Units available so you cannot choose to take an income. THE INVESTOR PORTFOLIO SERVICE NON-ADVISED TERMS AND CONDITIONS 3. DEFINITIONS Client Reference The number assigned to the account we hold in your name to record investments you make These definitions refer to these IPS Terms and through IPS. Conditions. Any Defined Term listed below also has the same definition if also used in the Product Terms and Commission-free Share Class A share class that doesn't Conditions.

4 Include an element of commission payable to an Adviser within the Ongoing Charges Figure (OCF) of the fund. Account An account that we open in your name to record investments that you make through IPS. Commission-included Share Class A share class that includes an element of commission payable to an Adviser Advised The SERVICE Type that applies to you if you set within the Ongoing Charges Figure (OCF) of the fund. up an Account with an Advised application. Customer SERVICE Address The contact address for Adviser A person, or company, authorised by the FCA. sending PORTFOLIO Investment instructions, in case of to conduct investment business, including acting as a enquiries and complaints: financial adviser. INVESTOR PORTFOLIO SERVICE Application An application, including an application PO Box 1112. form, completed by you or on your behalf to invest in an Chelmsford Account, or to add money to your IPS Cash Account.

5 CM99 2UX. Assets PORTFOLIO Investments, income, interest, cash Or such other addresses that we tell you about after balances in your IPS Cash Account and any other rights acceptance. and entitlements from time to time held within your Account. Email addresses and telephone numbers for contacting us are in the Product Documents applicable to your Assets Under Administration (AUA) The financial value Product(s). of your Assets. Fund An authorised Unit Trust, or OEIC, or where Bank The bank or banks appointed from time to time applicable a sub-fund of these in which you can invest by us to provide banking services to Cofunds Limited within your PORTFOLIO Account and this includes any Fund ( Cofunds ). Full and up to date details of the banks transferred to your Account from another manager. with which money is held can be obtained by writing to our Customer SERVICE Address, or online at IPS or INVESTOR PORTFOLIO SERVICE An investment SERVICE offered by Cofunds.

6 Can also be called The Platform. Basic Investment SERVICE An investment SERVICE provided by IPS allowing investment only in a small panel IPS Cash Account Interest-paying Client Money of Funds from one Fund Manager. Account(s) that can be used to process or hold Monies to be invested into PORTFOLIO Investments, or paid out to you Bundled A pricing model or asset in which IPS costs (such as a withdrawal or income payment). The IPS Cash and any advice costs are accounted for within the Ongoing Account is specific to PORTFOLIO Investments. Charges Figure (OCF) of Commission-included Share Class funds. IPS costs are rebated to you if you pay a separate Your IPS Cash Account contains the following three IPS Platform Charge. Balances: Business Day Any day when the London Stock . Available Balance The balance in your IPS Cash Exchange is open for business. Account that can be invested into PORTFOLIO Investments.

7 Cash Reserve A Client Money Account used to hold It takes into account future transactions, for instance if cash within your stocks and shares ISA. you choose to pay for an investment withdrawal into the IPS Cash Account, your Available Balance will be Client Money Account An interest-paying current increased by that amount. Note: Your Available Balance or deposit account that is in our, our nominee's, or may be different from your Cleared Balance. our agent's name at a bank, and includes in its title an appropriate description to indicate that it holds Cleared Balance The balance in your IPS Cash only clients' money in accordance with our regulatory Account that can be withdrawn or transferred to responsibility and is used to hold the money of one or another account (your Nominated Bank Account for more clients. example). Note: Your Cleared Balance may be different from your Available Balance.

8 4 THE INVESTOR PORTFOLIO SERVICE NON-ADVISED TERMS AND CONDITIONS. Reserved Balance The balance in your IPS Cash Account Product An investment offered through us. that has been ring fenced to pay charges and fees. This Product Documents The literature provided to you for balance is not available for you to invest in PORTFOLIO each Product you apply for, as amended from time to time. Investments or withdraw from your IPS Cash Account. These documents are listed in the Product Terms and IPS Platform Charge A monthly investment-based charge Conditions for each Product. deducted to cover services provided by the IPS Platform. Product Terms and Conditions The terms and An explanation of the charge is set out in the Platform conditions for a specific IPS Product (as opposed to these Charge Explained' document. IPS Non-Advised Terms and Conditions). ISA Your stocks and shares Individual Savings Account Rebate An amount returned to us by the Fund Manager as defined by HMRC.

9 Of any of the Funds your Account invests in, as set out in Largest Holding The Fund in which you hold the greatest your Product Documents. value of Units. Regulations The relevant Regulations, determined by Monies Any client money held within a Client Money the Financial Conduct Authority ( FCA ), that apply to Account, or the IPS Cash Account. your investments, as specified in the relevant Product Documents. Nominated Bank Account A UK bank or building society account of yours, which is associated with your Account as in Sale for Regular Payment A process used to sell Section investments to receive cash into your IPS Cash Account to help manage IPS Platform Charge and SERVICE Charge Nominee Any company appointed by us in whose name payments going out of your IPS Cash Account. Assets in a PORTFOLIO Account, other than Cash, will be registered. This is currently Cofunds Nominees Limited.

10 SERVICE Charge The charge that you have agreed with and specified by the Person or Company that gives you Non-advised (may also be described as Self-directed ). access to IPS, for their services . This means the SERVICE Type that applies to You if You set up an Account with a Non-Advised application. SERVICE Type The distinction between whether you are accessing Advised or Non-advised services (using the Non-advised Terms and Conditions of the IPS Platform Standard Platform SERVICE and/or the Basic Investment services The IPS Terms and Conditions relevant to the Non- SERVICE ) and signed up to the relevant Terms and Advised SERVICE Type. These Terms and Conditions, together Conditions on IPS. We will assign you to the Advised with the Terms and Conditions applicable to the products or Non-advised SERVICE Type as appropriate to your in which you invest, set out the legal agreement that applies circumstances.


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