Why not agree a fixed once off fee for any advice rather than just paying higher per contribution and ongoing charges for the privilege? Most of the discount brokers mentioned on and who contribute to this site also offer full advisory services too.I know you can get cheaper pensions without using a broker, but I think I'd prefer some advisor but I want to make sure they're giving me a decent deal.
Probably but it depends on how the intermediary is remunerated by the fund provider etc.Am I correct in my understanding that all (or at least a portion) of the contribution charge of 2.5% goes to the broker?
Or shop around. And what sort of broker is this? Authorised advisor, multi-agency intermediary or (worse still unless you already know what you want) tied agent?I might put this to my broker.
It is calculated on the full value of the fund annually but is actually reflected in the daily unit price - in simple terms 1/365th of 1.5% of the unit value each day is deducted in respect of this management charge. The technical details may differ but that's the gist.Does the 1.5% management fee come off the overall pension value annually, or how is it calculated?
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