Guide · Retirement
£250k pension: is a financial adviser worth it?
At £250,000, both the consequences of retirement decisions and the cash cost of ongoing percentage fees can become meaningful.
Complexity drives the case for advice
Several pensions, drawdown decisions, household income planning or uncertainty about investment risk can make advice more valuable than the pension value alone suggests.
Translate ongoing percentages into pounds
0.5%£1,250 a year.
0.75%£1,875 a year.
1%£2,500 a year.
Other chargesPension, platform and investment costs can be additional.
Ask what happens after the recommendation
If an ongoing fee is proposed, understand what retirement income, investment and planning work will actually be reviewed each year.
Compare one-off and ongoing advice
Some retirees need a continuing planning relationship. Others may need help with the initial retirement decision and then prefer to manage the plan themselves.
Sources & further reading