Minor Non-Monetary Benefits Disclosure

Willis Owen is dedicated to providing honest, fair and professional investment services and ancillary services to our customers. For this reason, we do not give or receive inducements except those that are considered acceptable minor non-monetary benefits. Willis Owen will ensure that any minor non-monetary benefits that it receives or provides:

  • Are capable of enhancing the quality of the service we provide to our customers
  • Do not impair compliance with our duty to act in our customer’s best interests
  • Are reasonable, proportionate and of a scale that is unlikely to influence behaviour in any way that is detrimental to the interests of our customers, and
  • Are disclosed to our customers prior to the provision of investment services.

The below table indicates the kinds of minor non-monetary benefits that Willis Owen may provide or receive:

Participation in conferences, seminars and other training events on the benefits and features of a specific financial instrument or investment service
Hospitality of a reasonable de minimis value, such as food and drink during a business meeting or a conference, seminar or other training events mentioned above
Generic information or documentation relating to financial instruments or investment services such as short-term market commentary, economic releases or brief unsubstantiated summaries of a third party’s own opinion
Written material that is commissioned and paid for by a corporate issuer or potential issuer
A research trial that lasts no longer than three months and which is not repeated within 12 months.

Investment Research

Willis Owen receives 3rd party investment research, data, tools and information services from its independent research partner Morningstar which in our view provide a significant enhancement to the service we provide to our customers. We pay for this research and broader services out of our own resources and consequently we do not consider them to constitute an inducement.