Best place to get pension advice

royeee

If using IFA, are there charges?

dunstonh

If using IFA, are there charges?

Yes. These can either be implicit or explict. (i.e. fee based with commission rebated, commission based - the old fashioned way or a combination of both where you agree a fee but use the commission to pay that amount with any surplus being used to reduce product charges or provide a rebate).

Going direct to provider can actually be more expensive than using an IFA as often providers keep the commission they would pay an IFA for themselves.

If there is a group personal pension involved (as the receiving scheme), then there is often a servicing IFA for that scheme who can provide advice on fund selection and whether to transfer or not.