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Fsa fees

Just had a quote from fsa for sorting out my pensions 3 seperate pensions . Value 50,000 they want to charge 4 % is this the going rate

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    From the FSA? What have you asked them to do exactly?

    Are you mixing up FSA and IFA?
  • Sorry meant Independant financial advisor
  • dunstonh
    dunstonh Posts: 121,121 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Value 50,000 they want to charge 4 % is this the going rate

    £2000 in monetary terms is not out of the typical range you would expect in monetary terms. You may get a bit less by shopping around but you could easily pay more. Its in the ballpark.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • scoobydoo66
    scoobydoo66 Posts: 2,730 Forumite
    Just had a quote from fsa for sorting out my pensions 3 seperate pensions . Value 50,000 they want to charge 4 % is this the going rate
    Do you know what you want to do ? Or do you need advice.
  • I know what I want to do. But the tax banding worries me do not want yo go in the bracket for 40% or get a hefty tax bill
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