IFA charges?

[Grandfondo]

Now that commission charges have been abolished what is the going rate for SIPP management?
ie- annual fund management,monthly contributions and fund realigning?

[Grandfondo]

NatAsp said:

Although "Commission" has been replaced by "Adviser Charging", there is very little difference in the way that most IFAs will charge.

0.5% to 1% pa - that's assuming you require a regular portfolio rebalancing and review service

What about money on the way in? And is rebalancing on top of the 0.5/1% annual charge?

[Grandfondo]

NatAsp said:

I echo the above, most won't levy initial charges on regular contributions and rebalancing should be included within the on-going adviser charge or 0.5 - 1 pa.

The fund charges will vary depending upon the risk profile of your portfolio and whether or not the adviser employs a passive (index tracking funds - cheap) or an active (actively managed funds) investment strategy.

It Looks to me that he wants to charge 4% on the way in and 1% annual and a rebalancing charge!
I may be doing him an injustice so will talk to him tomorrow.