Annuities

For most annuity cases, our normal approach is to work on a commission basis. The commission is paid by the selected provider at no extra cost to you. If you were to go to the selected provider directly, you would not get a better deal, but would have to take on the responsibility for all the research, investigation and paperwork/administration. If you choose us, we would take on this responsibility for you.

If you choose not to proceed with our recommendation, we would make no charge. We are comfortable with this approach as a vast majority of our clients are very happy with our recommendation and the depth of our research, and proceed with us.

Alternatively, you could pay a fee, which would be in the region of 1.6% of the fund value plus VAT. Most people, however, select the commission option as it is simple and at no extra cost to you. 

Unsecured Pension

For advice on Unsecured Pension products, you again have the option of commission or fees. However, by selecting the commission route you would have higher Annual Management Charges (AMCs). This would mean that over the long term, you pay more than you would via a fee.

As a result, we generally recommend that a fee is paid instead of commission. The good news is that the fee can be paid directly from your pension fund meaning you do not have to write a cheque or pay VAT.