Tariff of charges

The following information on costs is taken from our ‘important information about our services document’, which will be provided at outset.

Initial advice summary

The first hour of any consultation will be at our expense and do note that we will never exceed 30 hours on a case without asking for your written permission to proceed.

We can include a written initial summary as part of our initial consultation.

We will tell you if VAT is payable on the cost of our service.

Advice services

Once you have agreed to engage our services the hourly rate is £200 to cover the costs involved with the work.

We always put a cap on the number of hours likely to be expended on a case before proceeding with any work.

The following sets out examples of charges for different types of work.

Retirement options

Review of your pension arrangements (at retirement) and advice on using your pension funds to provide you with a suitable capital and income solution to meet your needs (your living in retirement options).

This includes assessing your circumstances, provision of a cashflow analysis, research, design of an appropriate solution and implementing the recommendation.

Charged at £200 per hour.

For example: if we spend 10 hours on a case of this nature your adviser charge would be:

£2,000 (exc. VAT).

Your adviser charge is payable on receipt of our recommendations.

Advising on and arranging lump sum investments

This includes assessing your circumstances, research, design of an appropriate solution and implementing the recommendation.

Charged at £200 per hour.

For example: if we spend 10 hours on a case of this nature your adviser charge would be:

£2,000 (exc. VAT).

Your adviser charge is payable on receipt of our recommendations.

Advising on and arranging regular contribution investments

This includes assessing your circumstances, research, design of an appropriate solution and implementing the recommendation.

Charged at £200 per hour

For example: if we spend 2 hours on a case of this nature your adviser charge would be:

£400 (exc. VAT).

Your adviser charge is payable on receipt of our recommendations.

Fixed fee option

In some circumstances we can’t predict the number of hours likely to be dedicated to a case involving larger investment sums, multiple need areas or options for later life advice.

To overcome this uncertainty, we offer a fixed fee option.

We will always provide you with our best estimate of the number of hours that we expect to take in preparing our recommendations and documenting them in a suitability report.

The fixed fee option limits your commitment.

For example, if our initial assessment showed the number of hours was likely to exceed 30 hours where the hourly rate charge would surpass £6,000 (exc. VAT), we could agree the fixed fee option at outset.

The fixed fee option is £5,000 (exc. VAT) regardless of the number of hours entailed to complete the case.

Your adviser charge is payable on receipt of our recommendations.

Typically, not available for advice on the merits of a potential transfer from occupational pension schemes (see below)

Transfer of occupational or safeguarded retirement income benefits

Advice on the merits of a potential transfer from an occupational Defined Benefit pension scheme or a Money Purchase scheme with Safeguarded Income benefits (‘Pension Transfer Advice’).

We initially undertake a triage check to assess the circumstances and consider whether it is appropriate to introduce the transfer service before embarking on any stage of the advice process.

For completing a full assessment, cashflow analysis undertaking research on your behalf and providing you with a recommendation on one scheme, we typically charge a fee of £4,600.

If you require advice on more than one scheme with safeguarded income benefits, our typical charge for each additional scheme is £2,800 + £600 for third party costs.

To help client’s cash flow we operate a ‘two stage’ payment process.

Once the advice process has started it has to be completed and the full fee is payable if the advice is to remain in the scheme or if it is to transfer away.

  1. To pay for outsourced services such as appropriate pension transfer analyses and advice audits typically, £600 for each scheme is payable when you instruct us.
  2. To cover our costs in assessing client circumstances and the provision of a cashflow analysis including one scheme our charge is £1,600. There is a charge of £400 for each additional scheme added to the cashflow analysis.
  3. To assess the merits of a potential transfer for each scheme the charge is £2,400.
  4. Example: one scheme assessed £600 + £1,600 + £2,400 = £4,600 transferred or not.
  5. Example: two schemes assessed £600 x 2 + £1,600 + £400 + £2,400 x 2 = £8,000 transferred or not.
  6. The fees set out in points 2 and 3 are payable when we have provided our written report.

Important note

  1. In some circumstances, we may agree to charge a reduced fee where our recommendation is not to transfer and where we do not go on to arrange a transfer for you.
  2. The circumstances in which we are permitted to make this exception are specified by the Financial Conduct Authority (FCA).

If this exception applies to you, full details will be confirmed in our Client Agreement.