Pension advisors - on-advice charges

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/82124792#Comment_82124792

I will tag him, as he is the sole survivor of what used to be an active team of IFA baiters.

@Ibrahim5

bjorn_toby_wilde

https://forums.moneysavingexpert.com/discussion/comment/82124882#Comment_82124882

Rotten trick!

Don’t we all deserve a holiday? 🤣

Aminatidi

I'd be reasonably confident you could open an II account and transfer all the pensions to that and pay £5.99/month plus whatever the fund fees are.

It's worth checking that there aren't any protected benefits or entitlements you'd lose but at your age and the amount (respectfully it's not that large) I' be struggling to see how you benefit from paying £1400 now and > 1% on the whole amount invested ongoing.

It may not sound much but over time fees compound the same as returns do and the difference between 1.2% and 0.2% can be a real drag.

Ibrahim5

Sorry not been on here for a few days. I am surprised an IFA has got out of bed to discuss £30k.