Quilter

no347nqP3

Hi 
Just wondering if my Pension charges sound to high for a quilter via Pensionlite currently charging 
overall 1.45 % annually .
Appreciate advice please 

eskbanker

no347nqP3 said:

Hi 
Just wondering if my Pension charges sound to high for a quilter via Pensionlite currently charging 
overall 1.45 % annually .
Appreciate advice please 

Hard to say without more detail about how that figure is broken down and what you get for it - it presumably includes adviser charges as well as platform and fund ones?  How much is the pension worth?

no347nqP3

pension worth £226,000
Charge breakdown 
Quilter charge 0.24%
Advice Charge 0.74%
Asset Manager Charge 0.47% 

dunstonh

no347nqP3 said:

pension worth £226,000
Charge breakdown 
Quilter charge 0.24%
Advice Charge 0.74%
Asset Manager Charge 0.47% 

Fund charges would typically be made up of OCF, TC & IC.    Most people ignore TC & IC and focus on the OCF.  However, advisers and platforms are required to include them in their disclosures.

Quilter is not the cheapest but its in the ballpark.    Advice charge is not out of sync for £226k.     Fund changes will depend on what you and your adviser have agreed on.  i.e. if you instructed them to go passive (low cost), active (higher cost) or hybrid (a combination of the two).  If you have gone ethical or ESG then fund costs are usually a bit higher.

no347nqP3

Thank you for your comments