Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

Transcription

1 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP) RIM CAP 007 SIPP DND CR Investment management service Client agreement and profile for a Self Invested Personal Pension scheme (SIPP) Please read and complete this form before signing pages 24 and 25 and returning it to your Investment Manager. Scheme/fund name SIPP product name Provider name Provider's plan reference number Please note that for the purposes of client classification, the scheme member will be classified as Retail and the provider will be classified as Professional. As part of our personal service we ask you to provide details of the scheme and your personal and financial circumstances to enable us to ensure our services are suitable for you and to manage your investments in line with the requirements of the scheme with our Terms of Business and subject to any requirements and restrictions imposed by your SIPP provider. If your circumstances or your requirements change in the future, we ask that you notify your Investment Manager in writing. If you have any questions, please contact your Investment Manager before you sign and return this form. If you would prefer, your Investment Manager will be pleased to help you complete it. It is important that you receive appropriate advice from a suitably qualified person. You must therefore have appointed a suitable financial intermediary in order to open a SIPP Portfolio with Rathbones. For the attention of Please return to Rathbones. at Rathbones

2 Contents Please note that the Portfolio to be opened within this Agreement will be opened on a DISCRETIONARY basis unless indicated otherwise in section 4. Section Page 1 Pension scheme information 3 2 Scheme member's details 5 3 Investment strategy 9 4 Investment management service 14 5 Reporting 15 6 Future plans 16 7 Financial intermediary 17 8 Connected persons and beneficiaries 18 9 Client notes Client verification Declarations and signature(s) 24 2 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

3 1 Pension scheme information Please complete in black ink and block capitals. Provider name If the scheme requires correspondence to go to a different address, please give details below. Relationship to scheme e.g. Administrator or Trustee Address Company Address Postcode Telephone Postcode 1 Telephone 2 FCA registration number 1 2 FCA registration number (if applicable) 3 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

4 1 Pension scheme information continued Constitution of scheme: Trust Company In order that we can make payments to the scheme bank account please provide the following details (not your personal bank account). Name of scheme bank or building society Address Postcode Account name Bank account number Bank sort code Roll or ref. number (if applicable) 4 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

5 2 Scheme member's details 2.1 Member's details Tax Identification Number Title Mr Mrs Ms Miss Country of origin Other (please specify) Permanent residential address Surname Forename(s) Date of birth Postcode Place and country of birth Telephone (Home) Passport number Telephone (Office) Country of origin Mobile Expiry date Fax Tax identification number If you are British this will be your National Insurance (NI) number. If you are non-british or have dual nationality (including British) your Investment Manager will advise what is required. Do you have a National Insurance (NI) number? Yes National Insurance (NI) number 1 2 Nationality/dual nationality If no, please explain why you are exempt. Country of residence Country of domicile 5 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

6 2 Scheme member's details continued 2.1 Member's details continued Marital status Single Civil partner Widow/widower Married Divorced 2.3 Investment experience Please confirm how long you have been an investor in financial markets. More than 10 years 6 10 years 5 years or less 2.2 Employment status 2.4 Investment services used by you Please let us know whether you are employed, retired or none of these. Which of the following types of professional services have you used in the past? Employment status Retired Part-time Student Current or previous occupation Employed t employed Self-employed Having your investments managed for you by a professional on a discretionary basis Managing your own investments subject to the receipt of advice from a professional Managing your own investments and directing a broker to deal for you ne of the above 2.5 Your experience of financial and investment services Employer s name and address/company directorships Please tick as appropriate whether you have studied or worked in finance, economics or related business subjects. As part of your secondary education Yes As part of a university degree Yes Through work in the finance industry Yes Through professional qualifications Postcode Yes Through more general professional work Yes Through self interest and personal study Yes 6 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

7 2 Scheme member's details continued Please answer EVERY question in this section. Rather than leaving any response blank please enter 0 or nil as appropriate. We would ask that you answer the important questions in the following pages as they will help us construct an appropriate portfolio solution. It might be advisable to do so with your financial intermediary, as the future working relationship between you, Rathbones and your financial intermediary will be crucial throughout the life of your pension, to ensure it is achieving what you expect and is suitable for you throughout its life. In the event that you feel there is information relevant to the management of your Portfolio, or that you wish us to be aware of or take into account, please provide the further details in the Client notes section on page Income, assets and liabilities (both at Rathbones and elsewhere) Annual income Employment income 0 50, , , , ,000 10,001 20, , ,001 50,000 Pension income 0 50, , , , ,000 10,001 20, ,001+ Other income 0 50, , , , ,000 10,001 20, , ,001 50,000 Marginal tax rate Additional higher Basic Annual expenditure Expenditure Higher Nil 0 50, , , , ,000 10,001 20, , ,001 50,000 Do you have any regular annual investments or financial planning commitments. Assets Yes (please detail) Long-term cash deposits 20,001 50,000 Yes (please detail) Investment income 0 50, , , , ,000 10,001 20, ,001+ Property (approximate value) Yes (please detail) 20,001 50,000 Other investments including portfolios managed elsewhere Yes (please detail) 7 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

8 2 Scheme member's details continued Please answer EVERY question in this section. Rather than leaving any response blank please enter 0 or nil as appropriate. 2.6 Income, assets and liabilities continued Assets continued Other financial assets Yes (please detail) Liabilities Commitments (e.g. mortgages, loans) Yes (please detail) Other assets and liabilities Do you have any other assets and liabilities? (e.g. Corporation of Lloyd s accounts, interests in trusts, guarantees given) Yes (please detail) Other pensions Provider Type of fund Estimated fund value Level of income being drawn (if any) 8 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

9 3 Investment strategy Please answer after consultation with your financial intermediary. 3.1 Time horizon Have you already drawn tax free cash from this scheme? Yes Are you drawing regular income from this scheme? Yes At what date do you intend to take pension benefits from this scheme if you are not already doing so? If this box is left blank, we will assume this will be your state pension retirement date. If your state pension retirement age has already passed, we will assume this to be your 75th birthday. Please state how you are taking, or intend to take benefits (e.g. capped drawdown, flexi-access drawdown, uncrystallised fund pension lump sum or annuity). 3.2 Pension benefit Please answer the following questions if you are already taking benefits. What percentage of the scheme has been vested? % How much benefit is currently being withdrawn annually? What is the frequency of withdrawals? Monthly Six monthly Three monthly Annually If you are not drawing income, please indicate when you intend to do so, if known. 9 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

10 3 Investment strategy continued 3.3 Investment objective On page 11 you will be asked to indicate the Investment Objective for each of your Funds. The possible options are: 3.4 Risk profile On page 11 you will be asked to indicate the Risk Profile for each of your Funds. The possible options are: a Capital growth priority a Lower b c Income requirement will not be a prime consideration and emphasis will be placed on investments considered to have longer term growth potential. Balanced between capital growth and income A combination of (a) and (c) designed to produce growth both in capital and income (albeit at a lower level of growth and income than might be achieved in (a) or (c)). Income priority Income considerations will be given priority over and above the long term prospects for capital growth, which may result in the erosion of the purchasing power of capital. b A lower risk portfolio will aim over time to generate returns that exceed the return available on cash deposits. The returns may come from capital growth and/or income and should be achieved with significantly less fluctuation in value than major equity markets. A lower risk portfolio would be suitable for investors with a shorter time horizon and/or only a modest capacity for loss. Medium A medium risk portfolio will aim over time to achieve returns above the rate of inflation and should reflect the majority of the fluctuation in value of major equity markets. A medium risk portfolio will differ from a lower risk portfolio by being less diversified by asset classes and/or having greater exposure to equities, which may include shares in smaller and medium-sized companies and/or emerging markets. A medium risk portfolio would be suitable for investors with a medium time horizon and capacity to accept a temporary or, rarely, permanent capital loss. c Higher A higher risk portfolio will aim over time to seek returns well in excess of inflation. The value of a higher risk portfolio may fluctuate significantly, in line with or more than major equity markets. A higher risk portfolio will differ from a medium risk portfolio by being less diversified and/or having greater exposure to equities, which may include shares in smaller and medium-sized companies and/or emerging markets. The portfolio may also have little or no exposure to asset classes that are considered to have lower risk characteristics. A higher risk portfolio would be suitable for clients with longer time horizons and the capacity to suffer a temporary or permanent capital loss. 10 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

11 3 Investment strategy continued Before completing section 3, we recommend that you read our document Understanding Investment Risk and Return. If there are any aspects of our risk definitions and their implications you do not understand, it is important that you seek clarification from your Investment Manager. Please complete for all clients. Please note that ALL Funds opened below will be managed on a DISCRETIONARY basis. 3.5 Main fund Please tick one Investment Objective and one Risk Profile for the Fund. Please do not leave this section blank. Risk profile Investment objective Lower Medium Higher Income Balanced Growth Main Fund 3.6 Asset classes that may be used in your portfolio The asset classes referred to here may be broader than those permitted by the provider of your SIPP. Rathbones will be restricted by the limitations imposed by the provider. We need to establish your understanding of how various different asset classes may be used in the construction of your Portfolio, to ensure it is suitable for your circumstances. In signing this form you are agreeing that we may incorporate the full range of asset classes within your Portfolio as part of managing it in accordance with your specified Investment Objective(s) and Risk Profiles(s). When we construct your Portfolio the range of assets will normally include equities (both individual and in collective managed funds, covering both UK and international markets), fixed interest stocks (such as Government bonds and corporate bonds) and cash. Historically, equity based investment has delivered the best long term returns and therefore it often forms a considerable part of our client Portfolios; however, it is the asset class that can exhibit the greatest risk or volatility. Consequently, you should consider this when deciding your Investment Objective(s) and Risk Profile(s). Please confirm the following. I approve of and understand how different asset classes may be used in the construction of my/our Portfolio including equities (both individual and in collective managed funds), fixed interest stocks (such as Government bonds and corporate bonds), cash, hedge funds, structured products, property funds and commodity funds, as described in the paragraphs above, the Terms of Business and Understanding Investment Risk and Return. I understand that the range of assets is subject to any restrictions placed on the Portfolio by your provider. Yes If your answer is to the above question, it is unlikely that Rathbones will be able to assist you with your investment needs without placing some restriction on the asset classes in and diversification of your Portfolio. Should this be the case, you should discuss this with your Investment Manager and if necessary agree restrictions in section 3.9 of this form. To increase diversification in portfolios we may include a wider range of investments that are sometimes referred to as alternative assets. These are designed to reduce volatility and, hence, risk. There are many different types of alternative assets but they may include fund of hedge funds and structured products as well as investments such as commodity or property funds. 11 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

12 3 Investment strategy continued 3.7 Asset allocation Rathbones manage pension scheme portfolios within a structured asset allocation framework. The framework is based around six core strategies covering a spectrum of different Risk Profiles. Your Investment Manager will discuss with you your time horizon, anticipated method of drawing benefits, your financial circumstances and attitude to risk. This dialogue will support the initial construction of your Portfolio and provide guidance on the most appropriate Portfolio structure through the life of your SIPP. While we can not get away from the fact that all investments can fall as well as rise, the underlying principle behind this framework is that Portfolio risk should be reduced as the date of drawing benefits (vesting) approaches. Given the various options open to a scheme member when it comes to drawing benefits and the bespoke nature of our investment service, these strategies provide the flexibility for Rathbones to construct an appropriate Portfolio to meet your requirements (subject to restrictions imposed by your SIPP provider) both before and after vesting. Rathbones continually review this framework and underlying strategies to ensure they evolve with a changing investment environment. See chart 1 below. 1 The theoretical relationship between risk and return Strategy Return + Lower risk Medium risk Higher risk Risk Investment conditions and market valuations vary over time and the example strategies overleaf show how we might construct portfolios to provide a range of Risk Profiles, and how different asset categories may vary across these profiles. Broadly, the proportion of equity risk assets will increase as risk (and potential return) increases, while the balance invested in liquid and diversifying assets will decline. Actual weightings in your Portfolio will of course depend on your own circumstances, market conditions and how your Investment Manager constructs your Portfolio in the light of these factors. See chart 2 below. 2 Risk profile Lower Medium Higher Core strategy Liquid assets Equity risk assets* 40% 55% 65% 80% 90% 100% Diversifying assets *As well as equities (ie shares), includes all asset classes that are expected to lose value or become less liquid during periods of equity market distress. The most sensitive time in managing a pension portfolio is usually as you approach vesting. Rathbones normal recommendations for the maximum potential Risk Profile, assuming either full annuity or 25% lump sum to be drawn at date of vesting, are shown opposite. A higher Risk Profile than the framework suggests may be appropriate (for example if we only manage a part of your pension assets), but should be discussed with your financial adviser and Investment Manager to ensure suitability. 12 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

13 3 Investment strategy continued Suggested Risk Profile assuming full annuity or 25% lump sum at vesting Risk profile Core strategy Years to likely vesting Intended method of vesting 5+ Years Annuity Drawdown 3 5 Years Annuity Drawdown 1 3 Years Annuity Drawdown <1 Year Annuity Drawdown Post-vesting Drawdown Lower Medium Higher Potential risk profile 100% Liquid assets 25% Liquid assets 3.8 Vesting Pre-vesting We will contact you and your financial adviser on the 5th, 3rd and 1st year anniversaries prior to date of vesting to review the suitability of the existing investment strategy. This is governed by the anticipated method of vesting (annuity/drawdown) and time to vesting as well as your appetite for risk and Investment Objectives. 3.9 Restrictions on discretionary management These will be applied in addition to any restrictions required by the provider of your scheme. These restrictions may include any views on where your money should not be invested (e.g. moral, ethical, political, corporate etc). Please provide details below: Post-vesting Existing drawdown rules offer considerable flexibility. As such asset allocation for a pension providing benefits post vesting is a complex issue where there are many different objectives. We recommend that you seek regular pension advice to ensure that income requirements are met. The Rathbone asset allocation framework provides guidance for Investment Managers to construct bespoke portfolios. These are not model portfolios and your Investment Manager does not have to adhere rigidly to specific asset allocation weightings. Further information on the Rathbone Investment Process is available from your Investment Manager. To ensure ongoing suitability of Portfolio strategy, it is essential that Investment Managers are kept informed of any change in scheme members circumstances that may have an effect on Portfolio requirements. 13 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

14 4 Investment management service Our preferred approach to working with our clients is to provide a discretionary investment management service whereby your Investment Manager takes responsibility for making all of the decisions about the investments in your Portfolio at their discretion, based on your requirements. If you require the Portfolio to be operated on a non-discretionary basis, please refer to the section headed n-discretionary investment management service in the Terms of Business and discuss this with your Investment Manager before confirming below. I wish the Portfolio to be operated on a non-discretionary basis. 14 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

15 5 Reporting 5.1 Reporting Periodic reports are available to clients and Connected Persons notified to us in this Agreement or separately in writing. We will provide periodic reports in printed format and/or online, subject to additional terms of business for online access. Where Funds have been consolidated for reporting purposes, we will ordinarily provide copies of reports relating to all Funds to the first named person(s). We may provide reports to any person(s) named in this Agreement from time to time upon request. We will only provide copies of the Client Details Summary to the relevant owner(s) of the personal data, in accordance with our obligations under the Data Protection Act Valuation frequency Valuation statements will be provided on a quarterly basis on 5 April, 30 June, 30 September and 31 December. If you require a valuation statement on 31 March please notify your Investment Manager. Individual contract notes will not be provided for discretionary funds by default. Details of all contract notes will be included in the online and printed valuations. However, if individual contract notes are required as well, please discuss this with your Investment Manager. Should you specifically require dispatch on a T+1 basis or you require contract notes to be sent to your employer for compliance purposes, please discuss this with your Investment Manager. Where you have provided us with Connected Persons (see section 8) for reporting purposes, we will exercise our discretion in relation to the provision of reports to those persons. A Connected Person is added to our records for reporting purposes only, and we will not release anything other than up to date valuation and transaction information, periodic reports or tax reporting material to them without your express consent in writing. If you would like a Connected Person to be more active in the management of your Funds; would like them to have wider access to information; or would like them to instruct us on your behalf, please speak to your Investment Manager. Further documentation may be required in these circumstances, including identity and address verification for your Connected Persons. We will only provide online access reports to any client or Connected Person where an address has been provided for the recipient. 15 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

16 6 Future plans It is always helpful to let us know if you have any longer term plans that may have a significant influence on the management of the Portfolio. Please also provide any other information you feel is relevant and which will help us manage your investments. Details of future plans for the management of the Portfolio, e.g. beneficiaries upon death: 16 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

17 7 Financial intermediary This section is mandatory and must be completed in full. Rathbones requires you to appoint a financial intermediary to advise you throughout the period Rathbones is managing the assets of the scheme. Intermediary name Intermediary company name Intermediary address (or stamp) Postcode Telephone 1 2 FCA registration number 17 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

18 8 Connected persons and beneficiaries Please complete where appropriate for all clients. Please note that the names you provide as Connected Persons are for reporting purposes only. Rathbones retains discretion on the reports which can be sent to any of these persons. Connected person 1 If your connection to the client is power of attorney please complete the following questions. Date of birth Nationality/dual nationality Relationship Passport number Company name (if applicable) Country of origin Title Expiry date Mr Mrs Ms Miss Surname Other (please specify) Tax identification number If you are British this will be your National Insurance (NI) number. If you are non-british or have dual nationality (including British) your Investment Manager will advise what is required. Do you have a National Insurance (NI) number? Forename(s) Yes National Insurance (NI) number Address If no, please explain why you are exempt. Tax Identification Number Postcode Country of origin Telephone Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

19 8 Connected persons and beneficiaries continued Connected person 2 Relationship If your connection to the client is power of attorney please complete the following questions. Date of birth Company name (if applicable) Nationality/dual nationality Title Mr Mrs Ms Miss Other (please specify) Passport number Country of origin Surname Expiry date Forename(s) Address Tax identification number If you are British this will be your National Insurance (NI) number. If you are non-british or have dual nationality (including British) your Investment Manager will advise what is required. Do you have a National Insurance (NI) number? Yes National Insurance (NI) number Postcode If no, please explain why you are exempt. Telephone Tax Identification Number Country of origin 1 2 If there are additional Connected Persons, please enter the details in the Client notes section on page Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

20 9 Client notes Please attach additional sheets as necessary and specify the number of sheets in the box below. If additional sheets have been used please specify the number. 20 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

21 10 Client verification For all clients. Please ensure that all copies provided are clearly legible. A document may not be used to satisfy more than one requirement. Please note that the information provided below applies to all clients and is not comprehensive. For clients unable to provide the verification documents listed below, your Investment Manager will be pleased to explain alternative documents. Getting your documents certified We are required to verify the identity and address of every prospective client by obtaining suitable certified documents. Certification may be performed either by a Rathbones staff member or a third party as follows: Rathbones certification You can bring the appropriate original documents (see below) with you to a meeting with your Investment Manager who will take a copy of the originals and complete the certification process for you. Third party certification If you prefer, and where we have not met you, certification can be performed by: a professional whose occupation is governed by the Money Laundering Regulations such as an FCA regulated individual, SEC regulated individual, bank or building society official, solicitor, notary, or chartered accountant; a councillor or a registered NHS doctor; the Post Office Identity Document Checking service; or an embassy, consulate or high commission officer in the country of issue. They will need to view the original document and: for original photographic ID documents the certifier will need to write the following words on a copy of each document to be certified: Having seen the individual and identification document, I certify that this is a true copy and the photograph is a reasonable likeness. for original documents which are non-photographic in order to verify an address, the certifier will need to write the following words on a copy of each document to be certified: I certify this to be a true copy of the original document seen by me. In both circumstances above, the certifier should then sign underneath the words they have written and also write their name, the date they signed and the name and address of the company/organisation they work for. Documents that verify identity Please provide at least ONE of the following for each person opening a fund. Either the original to be certified by Rathbones or a copy certified by a third party person. Your Investment Manager will advise you as to how many of the following documents you are required to provide. current passport current full, or provisional, photocard driving licence 1 In the event that you do not hold a passport or photocard driving licence please provide one of the following. UK HMRC tax notification or foreign equivalent 2 UK Government based correspondence or foreign equivalent, duly translated using a Rathbones appointed translator. 3 UK Pension book or foreign equivalent Documents that verify address Please provide at least ONE of the following for each person opening a fund. Either the original to be certified by Rathbones or a copy certified by a third party person. Your Investment Manager will advise you as to how many of the following documents you are required to provide. current full, or provisional, photocard driving licence 1 UK HMRC tax notification or foreign equivalent 2 UK Government based correspondence or foreign equivalent, duly translated using a Rathbones appointed translator. 3 UK Pension book or foreign equivalent recent utility or council tax bill 4 bank, building society, credit union statement/passbook (not older than 3 months) 5 mortgage statement from recognised lender 2 Registered power of attorney If you are acting as a registered power of attorney please provide the following. Registered power of attorney document (either the original to be certified by Rathbones or a copy certified by a third party). We only accept a power of attorney which delegates authority to act with regard to financial and property assets and is not restricted to health or social need only. Please note that the registered power of attorney will need to have their identity and address verified as described above in this section in addition to the fund holder(s). 1 The paper counterpart of the photocard licence is not acceptable. Old style provisional licences are also not acceptable. Old style paper licences are not acceptable for identity verification. 2 t older than 12 months. 3 With relevant reference details e.g. date of birth or National Insurance number. 4 Utility bills must not be over 3 months old (printed online utility bills or mobile telephone bills are not acceptable). The local authority council tax bill must be for the current year. 5 t older than 3 months (printed online bank statements are not acceptable). 21 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

22 10 Client verification continued Please answer EVERY question in this section. Please complete for all parties with whom you would like us to deal on your behalf. We are required to understand the source of funds and the source of wealth for our clients. This is integral to our due diligence process and without which we are unable to offer our investment services. In certain circumstances your Investment Manager may require you to provide evidence of this. Source(s) of wealth How have you obtained your overall wealth? As an example, from your employment, an inheritance, generational wealth, sale of a company, company profits, divorce settlement, savings (please advise how savings have been accumulated), investments, court order or gift. Please document below: First client Source(s) of funds How did you obtain the funds that are coming to Rathbones? As an example, from a recent inheritance, generational wealth, pension proceeds, sale of a company, company profits, divorce settlement, savings (please advise how savings have been accumulated), investments, court order or gift. Please document below: Why have you chosen to open an Account at Rathbones? What is the amount to be invested with Rathbones? 22 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

23 10 Client verification continued First client continued Will you be requesting frequent, large cash deposits/ withdrawals on the account? t anticipated Yes If yes, please provide details below: Politically exposed person Are you, or are you related to, a political figure, judicial or military official or senior executive of a state owned organisation? Yes If yes, please provide details of who and to what extent below: 23 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

24 11 Declarations and signature(s) I have received the Rathbone Investment Management Limited Terms of Business and confirm that I have agreed to Rathbone Investment Management Limited managing and/or advising on the investments and maintaining as Banker, Capital, deposit and Income Accounts on my behalf, subject to the Terms of Business and other documents as referred to in the Terms of Business which make up our Agreement. I confirm I am aware of the cancellation or withdrawal rights referred to in the Terms of Business (Our Agreement and our services, under the subheadings Cancellation rights and Withdrawal rights) under which the portfolio is to be managed by Rathbone Investment Management Limited. I consent to Rathbone Investment Management Limited s Dealing and Best Execution arrangements and acknowledge that on some occasions when Rathbone Investment Management Limited passes an order to another party for execution, the counterparty may execute the trade outside a regulated market or exchange Member declaration I understand and acknowledge that Rathbone Investment Management Limited is bound by the contractual requirements of the provider and those requirements will take precedence over this agreement and the Rathbone Investment Management Limited Terms of Business. The provider or its agent(s) may instruct Rathbone Investment Management Limited without reference to me as a member. As the underlying investor I acknowledge that Rathbone Investment Management Limited is not my general financial intermediary or pensions adviser, and any tax advice provided is in the context of the investment advice and services offered. I hereby agree that I shall at all times ensure that a suitable financial intermediary is appointed to undertake periodic reviews of the ongoing suitability of the pension arrangement whose assets are managed under the Terms of Business. My appointed financial intermediary shall be engaged to notify both me the investor and you the manager of my assets, of any changes to my circumstances or to my investment strategy that necessitate a change in investment strategy on the part of Rathbone Investment Management Limited in managing my investment Portfolio. In the event that I fail to have a suitable financial intermediary appointed for this purpose, I hereby permit Rathbone Investment Management Limited to appoint one on my behalf. I have read all of this Client Agreement and Profile and I confirm that I have provided full and accurate information on my personal and financial circumstances in order that you may manage or advise on my investments accordingly. I understand the service that is being provided and that Rathbone Investment Management Limited may decline to act on my behalf in the event that the information provided is incomplete, or I fail to appoint a suitable financial intermediary. Data sharing I accept that the information supplied in this form is only to enable Rathbone Investment Management Limited to manage and/or advise on my investment Portfolio as detailed in its Terms of Business. Rathbone Investment Management Limited will never share your data with any external organisations for any other purpose not detailed within our Terms of Business. Service updates From time to time Rathbone Investment Management Limited may provide to you, including hard copy or in electronic format, communications and updates with regard to our investment service, relevant news items and the current economic outlook. If you wish to opt out please advise your Investment Manager in writing. Marketing From time to time Rathbone Investment Management Limited may wish to communicate with you with regards to services which are similar or related services to its core investment services. If you do not wish to receive these communications, please advise your Investment Manager in writing. Rathbone Investment Management Limited will never transfer your personal data to any external organisation for marketing purposes. Signed Date 24 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

25 11 Declarations and signature(s) continued 11.2 Financial intermediary declaration I confirm that I am the appointed financial intermediary to the pension arrangement to be managed by Rathbone Investment Management Limited under this Client Agreement and Profile and Terms of Business, and am responsible for its ongoing review and for notifying Rathbone Investment Management Limited of any changes to the investor s circumstances or overall retirement strategy that in my opinion may have a bearing on the investment strategy employed by Rathbone Investment Management Limited. I confirm that I currently hold appropriate regulatory permissions to enable me to fulfil the obligations under this Agreement, and undertake to notify Rathbone Investment Management Limited in the event that this ceases to be the case. Signed Date 11.3 Trustee/Provider declaration We confirm our agreement to the instructions and notices contained within this document, and to the ability of the member and the financial intermediary to provide investment instructions in relation to the investment Portfolio. Signed* Date * Where Rathbone Investment Management Limited has a central agreement with the trustee/provider this form does not have to be signed by them. Please complete. PSTR number LEI number Renewal date 25 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

26 Investment manager notes Investment Manager Extension Time Date tes Signed Page of 26 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

27 For internal use only - not to be completed by clients Initial reporting set-up Online service valuations Online service taxation papers Printed valuations Printed taxation papers Contract notes 1 Client details summary Provider Administrator (if different to Provider) Member Intermediary Connected Person 1 Connected Person 2 1 For discretionary Funds, by default, individual contract notes will not be provided. Details of all contract notes will be included in the online and printed valuations. However, if individual contract notes are required as well, please place ticks in this column to indicate who should receive them. 27 Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP)

28 Rathbone Investment Management Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered office: Port of Liverpool Building, Pier Head, Liverpool L3 1NW Registered in England number: VAT Registration number: GB Copyright Rathbone Brothers Plc. All rights reserved.