CAR On Cofunds

Customer Agreed Remuneration (CAR) is an effective method of offering your clients with a remuneration structure to suit the different needs of your clients. CAR is not a new way to be remunerated, but involves an open discussion with your client, detailing the proposition you offer and the remuneration that you will receive in return. CAR can include both:

1. Commission from products
2. A fee for advice and or/service

CAR aims to encourage the explanation of your service, provide clear and transparent pricing and demonstrate the practice of Treating Customers Fairly.

• Allows you to understand and manage your income
• Supports fees, commission or both
• Demonstrates clear disclosure of your charges
• Properly value your business.

Read more on the step by step guide on setting up CAR on Cofunds.