Call: 020 8296 1799
Call: 020 8296 1799

MLP Wealth

Planning for your future

 

Authorisation Statement

MLP Wealth Management Ltd is Authorised and Regulated by the Financial Conduct Authority. The Financial Conduct Authority regulates the financial services industry in the UK and their address is 12 Endeavour Square, Stratford, London, E20 1JN. You can check this on the FCA’s Register by visiting the FCA’s website www.fca.gov.uk/register FCA No. 413308 or by contacting the FCA on 0800 111 6768.

 

Our Products and Services

Our permitted business is advising on and arranging; mortgages, life/critical illness/income protection insurance, pension products, pension transfers, pension opt outs, investments in authorised unit trusts, investment bonds, unregulated collective investment schemes, ISAs, recognised offshore funds, Business Relief (BR) schemes, Enterprise Investment Schemes (EIS), Venture Capital Trusts (VCT), inheritance tax planning and other regulated schemes.

 

Client Categorisation

Each client with whom the firm does business is categorised to identify the level of regulatory protection to be applied. We believe in providing our clients with the highest level of regulatory protection available and unless we notify you in writing to the contrary we propose to classify you as a Retail Client for investment purposes.

 

Communications

We will communicate with you in English both verbally and in writing for the sending and receipt of orders. To avoid any doubt instructions should be issued in writing.

 

Services to be provided:

Investments

Before we make a recommendation we research the market in a sufficiently diverse research procedure in accordance with FCA rules. We normally review the companies we recommend on an annual basis and on an ad hoc basis if we feel it is required at different times which may be outside our normal annual reviews.

With regards to investments that we have arranged for you, these will not be kept under review (unless otherwise agreed) but we will advise you upon your request, subject to an agreed fee which will specify the amount. If there is an increase in the value of an investment, charges will alter.

 

Non-investment Protection Contracts and General Insurance

We offer non-investment protection contracts from e.g. term insurance, income protection insurance and critical illness insurance, from a range of Insurers. We will provide you with advice and arrange the contract on your behalf after assessment of your personal circumstances and needs.

 

Home Finance Products

We are independent mortgage advisers and we will recommend mortgage product that is suitable for you following an assessment of your personal needs and circumstances. This will include a detailed assessment of affordability.

We will consider all products and lenders that we have access to. This means we will not consider those lenders that are only available by you going direct to them.

Where you are increasing your borrowing we will consider the merits of both a new first charge mortgage and securing this by an additional mortgage on a second charge basis. You may have the option of a further advance from your existing lender, however, we will only consider this where we are able to deal directly with the lender on your behalf. It may be in your best interests to explore this option and look at the further alternative of an unsecured loan, as these may be more appropriate for you.

We will advise and make a recommendation for you on mortgages once we have assessed your needs.

We are independent lifetime mortgage/equity release advisers and will recommend a product that is suitable for you following an assessment of your personal needs and circumstances.

 

Client Money

MLP Wealth Management Ltd does not handle clients’ money. We never handle cash or accept a cheque made out to us, unless the cheque is in settlement of charges or disbursements for which we have sent you an invoice.

 

Documentation

We will also make arrangements for all your investments to be registered in your name unless you instruct us otherwise in writing. We will forward you all documents showing ownership of your investments as soon as practicable, where a number of documents are due involving a series of transactions, we normally hold each document until the series is complete, then forward them to you. Some providers may send you documentation directly.

 

Paying for our services

We will discuss your payment options with you and answer and deal with any questions you may have. We will not charge you anything until you have agreed how we are paid by signing a copy of the Service Proposition & Engagement letter which we will issue to you before providing any advisory services. No chargeable work will begin without your agreement to the specific cost.

We charge fees for our professional services which includes advice, implementation and review. We do not currently charge VAT on our fees. Our fees will be determined on the option you choose. This may be by either an agreed fixed project fee, hourly fee or alternatively a percentage of your investment, or a combination of these. No fee will be charged until we have your prior agreement.

 

Advice and Instructions

Any advice given to you by us shall be in writing. We prefer our clients to give us instructions in writing to aid clarification and avoid misunderstandings. We will, however, accept oral instructions provided they are confirmed in writing. We may, at our discretion, refuse to accept instructions although such discretion shall not be exercised unreasonably.

 

Non UK Resident Clients

MLP Wealth cannot advise on taxation implications for non-UK resident.

Whilst MLP can provide basic guidance on UK tax laws, we do not advise in this area and recommend you consult a qualified accountant if necessary.

 

Material Interest

We will act honestly, fairly and professionally. Occasionally situations may arise where we, or one of our other clients, have some form of interest in business transacted for you. If this happens, or we become aware that our interests, or those of one of our other clients conflict with your interests, we will write to you and obtain your consent before we carry out your instructions, and detail the steps we will take to ensure fair treatment.

In accordance with the rules of our regulator, The Financial Conduct Authority, we are prohibited from accepting any payment of commission or other non-monetary benefits from a product provider, for investment business.

 

Right to Cancel

We will inform you of your statutory right to cancel. The Distance Marketing Directive normally grants you 30 days in which you may cancel a life or pension contract, or 14 days for an investment. However there will be occasions where no statutory rights are granted, which will be explained before any contract is concluded. Note that in some instances where pensions are transferred, the ceding schemes may not accept a transfer back regardless.

 

Product Provider Security

We will take all reasonable care to protect your interests and monitor the security of the product providers with whom we transact business using information available in the public domain. However, we can give no guarantee of the financial stability of a product provider and we accept no liability for any financial loss or increased costs suffered by you arising from their financial instability.

 

The Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007

In common with all financial businesses, we are required by the Proceeds of Crime Act 2002 and the Money Laundering Regulations 2007 to:

  • Maintain identification procedures for clients and some beneficiaries/trustees
  • Maintain records of identification evidence and the work undertaken for the client
  • Report, in accordance with the relevant legislation and regulations

We have a duty under section 330 of the Proceeds of Crime Act 2002 to report to the National Crime Agency if we know, or have reasonable cause to suspect, that another person is involved in money laundering. Failure on our part to make a report where we have knowledge or reasonable grounds for suspicion would constitute a criminal offence.

The offence of money laundering is defined by section 340(11) of the Proceeds of Crime Act 2002 and includes concealing, converting, using or possessing the benefit of any activity that constitutes a criminal offence in the UK.

It also includes involvement in any arrangement that facilitates the acquisition, retention, use or control of such a benefit.

We are obliged by law to report any instances of money laundering to the National Crime Agency without your knowledge or consent. In consequence, the firm’s directors or staff will not enter into any correspondence or discussions with you regarding such matters.

We are not required to undertake work for the sole purpose of identifying suspicions of money laundering. We shall fulfil our obligations under the Proceeds of Crime Act 2002 in accordance with the principles, rules and guidance published by the Financial Conduct Authority.

 

Complaints

If you wish to register a complaint, please write to Mr Paolo Standerwick, Complaints Handling Officer at 17 Station Road, Belmont, Sutton SM2 6BX, email This email address is being protected from spambots. You need JavaScript enabled to view it. or telephone 020 8296 1799.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request.

For your further protection, if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service whose website is www.financial-ombudsman.org.uk.

 

Compensation Scheme

We are covered by the Financial Services Compensation scheme (FSCS) if we cannot meet our obligations. This is dependent upon the type of business and the circumstances of the claim. Most types of investment business are covered up to a maximum limit of £50,000, whereas Insurance business is covered for 90% of the claim, without any upper limit. Further information about this compensation scheme arrangement is available from the FSCS.

 

The Cost of Our Services

This section is included to give you only an example of how we are paid. Full details of our costs and services will be sent when we have agreed what services are required. We do not charge for an initial consultation which is designed to help us understand your financial circumstances, objectives and priorities and to establish if and how we can help you. We will not charge you until we have agreed with you how we are to be paid.

 

Investments:

For advising on and arranging lump sum investments we charge a percentage fee of the sum invested or charge a pre-agreed fixed fee. We may be able to offer hourly fees, which would be agreed individually. For arranging regular contribution products we generally do not charge an initial fee. For ongoing services we charge between 0.25% and 1% of the value of the fund invested. Further information is available in our Service Proposition.

 

Insurance/Protection:

We are normally paid a commission from the provider.

 

Mortgages:

We normally receive a procurement fee from the lender and may charge you an additional fee. We shall agree and disclose all fees in advance. In some instances there are advance fees requested by lenders which may not be refundable, regardless whether a mortgage may complete. We will advise you of any such fees.

 

Law

This Client Agreement is governed and shall be construed in accordance with English Law and the parties shall submit to the exclusive jurisdiction of the English Courts. Any person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Agreement but this does not affect any right or remedy of a third party which exists or is available apart from that Act.

 

Force Majeure

MLP Wealth Management Ltd shall not be in breach of this agreement and shall not incur any liability to you, if there is any failure to perform its duties, due to any circumstances reasonably beyond its control.

 

Termination

The authority to act on your behalf may be terminated at any time without penalty by either party giving seven days notice in writing to that effect to the other, but without prejudice to the completion of transactions already initiated.

 

 

The Address

MLP Wealth Management Ltd
17 Station Road,
Belmont,
Sutton,
Surrey,
SM2 6BX

shopContact

 

Get in touch

Please type your full name.
Invalid email address.
Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input
Invalid Input
Please prove you're human

Find us

Complaints

If you wish to register a complaint, please write to Mr Paolo Standerwick, Complaints Handling Officer at 17 Station Road, Belmont, Sutton SM2 6BX, email paolo@mlpwealth.co.uk or telephone 020 8296 1799.

Don't have an account yet? Register Now!

Sign in to your account

Your financial future is loading