Double charges - is this standard?

dunstonh

For clarity, the IFA company is simply the same pension advisor my work organisation partners with to provide company pension advice....I approached them based only on the fact that I already knew them. So far, they seem to be saying I can either take their option (a one-off consolidation fee plus monthly ongoing advice charge) or do it myself. They seem to be saying they won't offer me the option of refusing the monthly charge. 

You can report them to the FCA for that.   The provision of ongoing services is optional with the decision made by the client.   The client can cancel them without penalty.

If they were FAs rather than IFAs, then there are some caveats to that.