Advice

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Initial Meeting

We offer an initial meeting of up to one hour with no obligation, at our expense.

 

Advice Fees

Our standard advice fees are as shown below – we may quote a set fee, depending on your particular situation, and how complex your requirements are.

Our fees are always 100% transparent and agreed up front – you’ll know exactly how much we’ll charge you for our services before you proceed. You can pay via invoice or an adviser charge on your pension or investment that is settled by the product provider, if you choose to take up such a product.
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Cashflow Planning

Our lifetime income and expenditure cashflow service can be designed for either pre- or post-retirement circumstances.

Set Pension Analysis fees –
Defined Benefit

We can analyse various different pension options, for a set fee; this includes the production of a report and provision of a recommendation from the available options.

We offer set fees to analyse different types of pension, produce a report and make a recommendation on the options available to you.

An initial analysis of a defined benefit pension (e.g. final salary, safeguarded benefits, or other complex pension scheme, such as a Section 32) – £2,500. This includes:

(Please note that VAT will be added to the fixed fee service if a product does not form part of the transaction – example 2500 GBP + 20% VAT 500 GBP = a today of 3,000 GBP)

  • Initial consultation and comprehensive fact find, examining existing assets and liabilities, incomes and expenditures, and any expected future changes into retirement.
  • Discussion of aims and plans for the future
  • Discussion of your risk attitude and capacity for loss
  • A Transfer Value Analysis of the defined benefit pension and the cash equivalent transfer value (CETV) in order to calculate the ‘critical yield’ (i.e. the break-even growth rate that is needed to outweigh the benefits you are relinquishing)
  • A cash flow scenario report on your present situation – keeping the defined benefit pension in place to determine whether you have sufficient funds to subsist both now, and into retirement
  • A scenario 2 model, where your defined benefit pension is transferred to a new pension, taking flexible access drawdown, to determine whether you have sufficient funds to subsist both now and into retirement
  • A scenario 3 model, where your defined benefit pension is transferred as per model 2, but is also stress tested by examining investment volatility to determine whether you might encounter difficulty if there were to be a market downturn
  • The production of a suitability report including a recommendation to either retain the defined benefit pension or transfer it to a more appropriate pension solution
  • Signing of any paperwork, as pension transfer specialists, required by the pension trustees to indicate that we have given you appropriate financial advice
  • The fee for this analysis does not include the implementation of any advice, nor the recommendation of a product provider for a particular pension.

 

Defined Contribution

An initial analysis of a defined contribution pension (e.g. personal pension plan, or stakeholder pension – £1,000. This includes:

(Please note that VAT will be added to the fixed fee service if a product does not form part of the transaction – example 1000 GBP + 20% VAT 200 GBP = a today of 1,200 GBP)

  • Discussion of aims and plans for the future
  • Discussion of your risk attitude and capacity for loss
  • A Pension Switch Analysis of the defined contribution pension and the transfer value in order to compare the current charges with those of alternative providers, and identify what income access options are available
  • A cash flow scenario report on your present situation – keeping the defined benefit pension in place to determine whether you have sufficient funds to subsist both now, and into retirement (via the income option available to you with the pension)
  • A scenario 2 model (and potentially additional scenarios) presenting the various income options that are open to you (such as flexible access drawdown, annuity, etc.), and determine whether you have sufficient funds to subsist both now and into retirement, and also stress test the various options by examining investment volatility to determine whether you might encounter difficulty if there were to be a market downturn
  • The production of a suitability report including a recommendation to either retain the defined benefit pension or transfer it to a more appropriate personal pension
  • The fee for this analysis does not include the implementation of any advice, nor the recommendation of a product provider for a particular pension
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Pension Implementation fees

If, subsequent to our pension analysis, you would like our assistance in implementing the advice we provide, we can provide the following services:

  • Researching and identifying the pension that is best suited to your needs, whether that be a personal pension, SIPP, or SSAS, and outline this recommendation in a suitability report
  • Completion of all paperwork required to complete the transfer
  • Completion of all paperwork required to set up the new pension
  • Liaising with the transferring pension administration team to ensure the transfer is implemented smoothly
  • Completion of all paperwork required to withdraw tax-free cash if desired
  • Devise an investment strategy for the remainder of your pension funds that is appropriate to meet your needs
  • Completion of any paperwork related to the investments required to meet your goals
  • Our Fee for implementation is up to 3% of the (cash equivalent) transfer value and in many circumstances the Analysis Fee will be included in this fee, should Pension Money implement the Pension. In this instance VAT would not be payable.
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Pension Transfer/Switch – Defined Benefit and Defined Contribution

Fee: up to 3% of the (cash equivalent) transfer value. This is subject to a minimum of £1,000 per pension – again, we may quote a set fee, depending on your particular situation, and how complex your requirements are.

Specialist pension work implementation fees

(Please note: these are charged in addition to the pension implementation fees stated above.)

  • Flexi Access Drawdown or Uncrystallised Fund Pension Lump Sum: £350
  • Annuity Purchase: £250
  • Bespoke Self-Invested Personal Pension (SIPP) or Small Self-Administered Scheme (SSAS) set up: £800
  • Unlisted Share Purchase: £1,450
  • Commercial Property Purchase: From £2,500
  • Stock Broking Service Arrangement: £700
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Ongoing services

We know that ‘one size fits all’ is not true when it comes to pensions; thus, we offer three ongoing service propositions:

Active service

At a typical cost of £1,500 per annum (a higher fee may be agreed depending on the number of plans you require to be managed, and the complexity of the ongoing service needed). This is a more involved service, involving more contact from your adviser.

This service includes:

  • An annual review meeting, which includes a review of your attitude to risk/capacity for loss, in addition to a cashflow planning analysis and report
  • A biannual portfolio report detailing the performance of any financial holdings
  • Online portal access, including real-time portfolio valuation
  • Reply to or acknowledgment of any correspondence and emails within 48 hours
  • Unlimited telephone access to a financial planner – all phone calls will be returned within 4 hours during working hours (9am-5pm, Monday-Friday)
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Annual service

At a typical cost of £750 per annum (a higher fee may be agreed depending on the number of plans you require to be managed, and the complexity of the ongoing service needed). This is a less involved service, involving less contact from your adviser.

This service includes:

  • Opportunity for an annual review meeting, including a portfolio report detailing the performance of any financial holdings
  • If the annual review meeting is not desired, portfolio report is provided to you by post or email
  • Reply to or acknowledgment of any correspondence and emails within 48 hours
  • Unlimited telephone access to a financial planner – all phone calls will be returned within 4 hours during working hours (9am-5pm, Monday-Friday)
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Ad-hoc service – zero ongoing fees

This service option is intended for clients who do not desire the active or annual services described above. In this case, any future work carried out will be charged as and when it is requested, in alignment with our stated fees applicable at that time.