Annuity without using financial adviser

incus432

dunstonh said:

He indicated the usual commission they would get is 1.8 to 2% (for this pot 1.6 to 1.8k which seems fair for the work put in so far and in the future).

For your fund value, that would be ballpark pricing in monetary terms with an execution-only transaction.  So, you probably wouldn't have saved much even if you did find one.  So, end result is good.  However, uncapped percentages can result in obscene amounts for large funds.

Commission by L&G is given as £1400 which is about 1.5% of the pot after TFC. (I've since had more IFAs come back, none will do execution only and all would charge much more for advice). The service so far has been excellent