Drawdown - is the fee I am being charged by a Financial Advisor too high?

wjr4

David_Drummond said:

There is also a regular premium payable equal to 35% of the first 12 months contribution if I wish an ongoing advisory service.

That sounds expensive. The 3.5% charge should include any advice for regular payments. 

dunstonh

wjr4 said:

David_Drummond said:

There is also a regular premium payable equal to 35% of the first 12 months contribution if I wish an ongoing advisory service.

That sounds expensive. The 3.5% charge should include any advice for regular payments. 

I guess it depends on the size of the regular premium.     Although if there was a transfer, you would have expected for the regular to be done at no cost.  This is just looking increasingly greedy.  Although still not in SJP territory.