Guide · Retirement
£100k pension: is a financial adviser worth it?
At £100,000, the fee structure matters a lot. Advice may still be useful when the retirement decision is more complex than the pension value alone suggests.
What problem are you solving?
A single defined contribution pension with straightforward plans is different from several pensions, a partner's finances or an important drawdown decision.
Watch minimum fees
A cash minimum can make the effective percentage cost high on a £100,000 pension. Ask for the actual initial and ongoing pound amount.
One-off advice may be worth comparing
If the main need is a retirement decision rather than years of ongoing management, ask whether a defined one-off service is available.
Free retirement guidance can be a useful first step
Pension Wise can help explain defined contribution pension options. Regulated advice goes further by recommending a suitable course of action for you.
Sources & further reading