Scale of charges for IFA

[9xxNick]

I'm hoping to get a feel for how typical and reasonable the following charges are for ongoing advice. My IFA is proposing a scheme whereby I pay around £120 per month for ongoing advice, plus a sliding scale of charges which apply when an investment is executed, ranging from 3% of first £25K invested, and 2% of next £75K invested, with reducing charges thereafter.

As I understand it, both sets of charges apply, so if I do nothing for a year, I would still pay £1,440. Equally, if I'm advised to make an investment, I'm paying to be advised, and then paying for the execution of the advice.

Is this a common mode of charging now that IFAs don't get paid directly by fund providers and, if so, do these rates seem reasonable?

[9xxNick]

Thanks. Some good stuff to consider.