Full-Service

Proposition

Full-Service Proposition Costs & Charges Explained

Example

In the example below a client has agreed to transfer an existing pension policy valued at £100,000.000 to a new plan with a full-service proposition in July 2020.

Below are the initial and on-going service costs. The tables under the heading Aggregated costs and charges as at 01/07/2020 detail the full cost of the advice, on-going service, platform charges, fund charges and transactional charges of the underlying funds in the first year of investment.

A Risk Level 4 (Moderate) Portfolio has been used to determine the fund costs with an annual growth assumption of 4.90%.

Initial Fee

£900.00 fee for initial planning and implementation.

On-Going Fee

1.00% annual fee which is taken monthly in arrears from your plan (0.833% per month based on the value of your investment).

Reviews and Updates

Annual review and meeting with your Financial Adviser to discuss your plan, your current circumstances and risk levels.

Regular updates and investment portfolio fund rebalancing if market sentiment changes.

Aggregated costs and charges as at 1/7/2020

We want you to understand the various costs and charges that are associated with our services and recommended solutions, along with the effect that these may have on what your plans return to you. In the table below we have provided some information on all costs and charges that could apply over the next twelve months. We have also included an indication on the overall effect of these costs and charges on returns over this period.

INITIAL INVESTMENT/TRANSFER

£100,000.00

Total Costs & Charges in Year 1

£2,723.00

2.72%

The table below details the charges applying:

Breaks down individual cost charges in monetary and percentage terms.
COSTS & CHARGES

COST (£)

RATE (%)

Initial Adviser Charge

£900.00

0.90%

On-going Adviser Charge

£991.00

0.99%

On-going Platform Charge

£347.00

0.35%

On-going costs of the underlying funds within a plan(s)

£426.00

0.39%

On-going transaction costs of the underlying funds

£59.00

0.06%

The table below shows the cumulative effect of costs on return:

Assumed growth rate before charges of 4.90% per annum.
ASSUMPTIONS
What you might get back if there were no charges at all
What you might get back after charges
Difference

1 YEAR

£104,900.00

£102,177

-£2,723.00

5 YEARS

£127,022.00

£115,343.00

-£11,679.00

8 + 12 =

About Us

 

Full-Service

Propostion

Nil or initial fees with a maximum cost of £300.00 per product transfer.

1.00% annual fee will determine the level of the service provided. 

Annual reviews and meetings are dependent on your level of service proposition.

Example

n the example below a client has agreed to transfer an existing pension policy valued at £100,000.000 to a new plan with a full-service proposition in July 2020.

Below are the initial and on-going service costs. The tables under the heading Aggregated costs and charges as of 01/04/20201detail the full cost of the advice, on-going service, platform charges, fund charges and transactional charges of the underlying funds in the first year of investment.

A Risk Level 4 (Moderate) Portfolio has been used to determine the fund costs with an annual growth assumption of 4.90%.

Independent

As independent professionals, we have the freedom to make bespoke financial recommendations. We have no affiliation to any particular product or provider.

Instead, we work for you; selecting the most appropriate solutions for your unique situation.

Experts

Between them, our Financial Planners have years of experience in the industry.

Their knowledge and expertise are evident in their extensive qualifications and relationships with generations of clients.

Pension Transfer Gold Standard

We are proud to be a firm that has met the criteria to achieve the Pension Transfer Gold Standard as set out by the Personal Finance Society.

You can learn more here →

Work Nationwide

Whilst we are based in Liverpool and Southport and work with many local people, we have many clients across the UK.

Not only that, but we embrace technology; we are happy to conduct meetings via phone or video call.

A Safe Pair of Hands

We are regulated by the Financial Conduct Authority (FCA).

You can find our entry on the FCA register by clicking here →

Our Service Propositions

Full-Service Proposition

Nil or initial fees with a maximum cost of £300.00 per product transfer.

1.00% annual fee will determine the level of the service provided. 

Annual reviews and meetings are dependent on your level of service proposition.

Transactional Proposition

Initial fees range from 2.50% down to 1.00% on the amount invested.

No ongoing service provided when using the service.

Cost of annual reviews and meetings dependent on the number of tax wrappers.

Hourly Rate Proposition

Initial fees are costed at a rate of £195.00 per hour excluding VAT.

No on-going service provided when using the service.

Annual reviews are costed at a rate of £195.00 per hour with investment into one fund solution.

 Meet the Southport Team

Steve Milford

Financial Adviser

Steve has worked in Financial Services since 2005 and became a Financial Adviser in 2008, initially working alongside his mother, Cilla Milford at PWS Financial Consulting in Liverpool.

Cilla Milford

Customer Relations

Cilla joined PWS in 2004 to ensure her existing clients were able to be offered independent financial advice from a financial services company to ensure clients received the best advice.

  Get in touch

If you would like to learn more or book a no-obligation initial meeting, we would love to hear from you. Enter your details below and we will be in touch.

3 + 13 =