Retail Investor
A retail Investor is any investor that does not meet the criteria of a High Net Worth Investor.
High Net worth Investor
An individual who meets the requirements set out in Conduct of Business Sourcebook of Financial Conduct Authority COBS 4.12.6 R.
A certified High Net worth Investor is an individual who has signed, within the period of twelve months ending with the day on which the communication is made, a statement in the following terms:
- I had, throughout the financial year immediately preceding the date below, an annual income to the value of £100,000 or more. Annual income for these purposes does not include money withdrawn from my pension savings (except where the withdrawals are used directly for income in retirement)
- I held, throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more. Net assets for these purposes do not include:
(a) the property which is my primary residence or any money raised through a loan secured on that property; or
(b) any rights of mine under a qualifying contract of insurance; or
(c) any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled; or
(d) any withdrawals from my pension savings (except where the withdrawals are used directly for income in retirement).