The client’s fee consent will contain the following information:
- the name of the account holder
- the name and contact details of the fee recipient
- the services that the adviser will provide to the client during the coming 12 months
- the frequency and amount of each ongoing fee the account holder will pay during the coming 12-month period;
- if the amount of an ongoing fee cannot be determined, a dollar estimate of the total fees that will be charged in the coming 12-month period and an explanation of the method used to work out the estimate, and
- statements to the effect that:
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- the consent will cease to have effect up to 150 days after the anniversary day for the ongoing fee arrangement, and
- the account holder can withdraw their consent or terminate or vary the ongoing fee arrangement at any time by notice in writing to the fee recipient.
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