Our fees

Initial meeting

An initial meeting (of up to an hour) is offered at our cost with no obligation on you to use us, or go ahead with anything.

Advice Fees

Our standard fees are set out below - a set fee may be agreed, depending on your specific circumstances, and the complexity of the work involved.

We will always tell you exactly how much you will pay before you agree to proceed with our services. The agreed fee may be paid by invoice or provided by an adviser charge from your investment or pension and paid by the product provider, if a product is implemented for you.

Cashflow planning

We offer a lifetime income and expenditure cashflow service for both pre and post-retirement scenarios.

Set Pension Analysis fees

We offer set fees to analyse different types of pension, produce a report and make a recommendation on the options available to you.

Initial analysis of Defined Benefit pension (Final Salary, Safe Guarded Benefits or similarly complex pension e.g. Section 32) - £2,500

Initial analysis of Defined Contribution pension (Personal Pension Plan, Stakeholder Pension) - £1,500

Pension Implementation fees

If following our pension analysis you request our assistance in implementing the advice which would include:

Pension Transfer/Switch – Defined Benefit and Defined Contribution

1% of the (Cash Equivalent) Transfer Value

Subject to a minimum of £1,000 per pension - a set fee may be agreed, depending on your specific circumstances, and the complexity of the work involved.

(E.g. for a transfer value of £50,000, the fee would be £1,000 OR for a transfer value of £300,000, the fee would be £3,000)

Specialist pension work implementation fees

(Please note: These are charged on top of the pension implementation fees listed above.)

Implementation fees (non-pension switch/transfer)

To implement any other financial product solution we charge fixed fees as detailed below.

2% up to £100,000, 1% over £100,000 (subject to minimum fee of £500)

E.g. For an amount of £200,000, the fee would be £3,000 (2% of £100,000 = £2,000, 1% of £100,000 = £1,000)

2.5% of investment amount (subject to minimum of £500 per plan)

E.g. for an amount of £20,000, the fee would be £500; for an amount of £50,000 the fee would be £1,250

Our ongoing services

At Niche we do not believe that ‘one size fits all’ and therefore we offer three ongoing service propositions to choose from:

Active service

Typically £1,500 per annum (we may agree a higher fee subject to the number of plans we manage for you and the complexity of the ongoing service required)

This is a more involved service, with more contact from your adviser

This service involves:

Annual service

Typically £750 per annum (we may agree a higher fee subject to the number of plans we manage for you and the complexity of the ongoing service required)

This is a light touch service, with low-level contact from your adviser

This service includes:

Ad-hoc service - nil ongoing fees

The Ad-Hoc service is for those clients who do not want to opt for the Active or Annual services detailed above. Any future work carried out will be charged as and when the work is requested, in line with our published charges applicable at that time.