Financial Advisor's ongoing charges

Pension_Geek

You can definitely turn off adviser charging on Pru Retirement Account and there is no additional fee.

maggie62

A quick update and thanks to the replies, particularly to Pension Geek.

Having spoken to Prudential they turned off advisor charging, which has saved me circa £1850 per annum.

Thrugelmir

lisyloo wrote: »

This is cash within a SIPP.
I must admit I don't understand why it's there as part of the model portfolios.

What's your risk tolerance?

[Deleted User]

dunstonh wrote: »

Generally, you hold around 2% in cash as a float. Dividends get paid to it and you rebalance it back into the various investments periodically.

Some allocations may have a cash amount at the moment (at the low risk end of the scale) to keep the volatility level. Usually, you do not get much allocated to cash but when markets appear overvalued compared to historical levels then you often find weightings towards cash are introduced and/or creep up a bit.

I have 2% and was told it was for opportunity buying as well as the above points on the dividend income pot.
In addition my IFA also passes on the commission they get from the Money Transfer company they had have an account with.