Loyalty Bonus Terms and Conditions
1.These terms and conditions are in addition to your
7.
The Loyalty Bonus rate varies from fund to fund
Barclays Terms, Barclays Stockbrokers SIPP Terms and
ranging from 0.05% – 0.2% per annum of the daily
Conditions, Pension Trader Terms of Use, and SSAS
value of each fund investment. The rates are set out
Terms and Conditions, as appropriate. By purchasing
in the Loyalty Bonus funds list on our website. Not all
funds using your Barclays Stockbrokers
Accounts1
you
funds will accrue a Loyalty Bonus.
agree to be bound by these terms.
8.
2.
Funds purchased prior to 20 February 2012 will not
Please ensure you read the description of the offer on
qualify for the Loyalty Bonus. If you make additional
the Funds Market: Loyalty Bonus page on our website.
investments into a fund during the Settlement Period,
the Loyalty Bonus will apply to all additional amounts
3.
This rebate represents a discount of the annual
invested up until 05 April 2014 and not prior to the
management charge (“AMC”) payable on eligible
Settlement Period.
funds purchased and settled via your Barclays
Stockbrokers Account between certain dates and paid
9.
to you by way of a cash rebate (the “Loyalty Bonus”).
The Loyalty Bonus accrued during 2013 will become
due on 31 December 2013 and will be paid to you
by way of a one-off cash payment, where payment
4.
The Loyalty Bonus will accrue daily through 2014
is due, on or before 28 February 2014. The Loyalty
on a per fund basis for trail paying Funds Market
Bonus accrued during 2014 will become due on 30
investments settled in your account between
September 2014 and will be paid to you by way of a
20 February 2012 and 05 April 2014. Loyalty Bonuses
one-off cash payment, where payment will be made on
accrued up to 31 December 2013 will be paid as set
or before 30 November 2014.
out below by 28 February 2014. Loyalty Bonuses
accrued during 2014 will be paid by 30 November
2014 (the “Settlement
5.
10. The Loyalty Bonus will be paid into the account in
Period”)2.
The Loyalty Bonus is available to new and existing
which the corresponding funds are held.
11. Loyalty Bonus is only paid if the Barclays Stockbrokers
Barclays Stockbrokers customers during the
account to which it is to be paid, or in regards to
Settlement Period.
which a payment is being made, remains open on the
Payment Dates. Any Barclays Stockbrokers Account
6.
As a result of the way in which Barclays Stockbrokers
that has accrued a Loyalty Bonus and is closed, on or
is implementing the Retail Distribution Review during
before the Payment Dates, will not be paid the Loyalty
2014 the current “bundled share classes” in funds
Bonus.
(the share classes that pay us trail commission) to the
lower cost “clean share classes”. The Loyalty Bonus
12. There is no minimum investment period required to be
will accrue on each bundled share class from 01
eligible for a Loyalty Bonus.
January 2014 up to the point that the conversion to the
clean share class equivalent or 30 September 2014,
13. There is no minimum investment amount required to
whichever is the earlier date.
1
MarketMaster®, Investment ISA, Barclays Stockbroker SIPP, Pension Trader Account
2
(Fund value X bonus rate X number of days held)/365 or 366 as appropriate.
Stockbrokers
be eligible for a Loyalty Bonus.
14. There is a minimum Loyalty Bonus amount of £1
Any change or new change will be a fair proportion, as
per account. We reserve the right not to pay to you
reasonably estimated by us, of the impact of the underlying
amounts less than £1.
change on the costs we incur in our banking or investment
business (as appropriate).
15. We may change or withdraw the terms of the Loyalty
Bonus in accordance with the Barclays Terms (Wealth
and Investment Management) and if there is a change
payments such as the Loyalty Bonus. All amounts
in (or we reasonably expect that there will be a
accruing from 06 April 2013 will be subject to basic
change in):
rate income tax where payable in relation to funds held
i.the costs we incur in carrying out the activity for
outside ISA and SIPP accounts. All such Loyalty Bonus
which the Loyalty Bonus is or will be made;
payments must be made net of basic rate tax.
ii.there is a change in the way the fund operates or
the funds available to us;
16. Her Majesty’s Revenue & Customs that where
iii.any obligation we have to comply with under any
law or regulation (including any tax legislation or
17. We will give you 60 days advance notice of any change
in these terms. Any accrued Loyalty Bonus will be paid
in accordance with these terms.
rules made by an applicable regulatory body), or
as the result of a decision by a Court, ombudsman
18. Nothing in these terms will exclude or limit any duty
or similar body, or under any industry guidance or
or liability we may have to you under UK Financial
codes of practice which we follow.
Services Regulations or other applicable legislation.
Barclays offers wealth and investment management products and services to its clients through Barclays Bank PLC and its subsidiary companies. Barclays Stockbrokers is a trading
name of Barclays Bank PLC which is a member of the London Stock Exchange and ISDX. Barclays Bank PLC is registered in England and authorised by the Prudential Regulation
Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered No. 1026167. Registered Office: 1 Churchill Place, London E14 5HP.
Item Ref: IBIM0567_LER. January 2014.