When Julia came to us to ask for advice on her pension, we realised she was a classic crisp box client. All the information from her five different pensions schemes was dumped in a cardboard box and hidden at the back of her cupboard.
Julia wanted to convert her £280k pension pot into a drawdown but did not know where to start and she thought financial advice would be too expensive.
Planning fees
We invited Julia for a no-fee consultation meeting to ascertain her needs.
Research and recommendationWe investigated Julia’s different pension plans and sorted out a realistic Drawdown plan. It took approximately five hours of guidance from an experienced financial adviser, plus three hours of expert administration.
Total cost
For just £1,040, Julia got rid of her headache (and her crisp box!) and is now enjoying the money she worked so hard to save.
The standard market charge for handling such a sum can be up to 3% of total investment, so we saved Julia over £7,300!