Typical pension set-up charges

What is the typical charge (made to a company by an independent pensions advisor) for setting the pension for an employee? How is it typically calculated?
Thanks,
Daniele
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On 17/11/14 13:13, D.M. Procida wrote:

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Although I haven't seen this from the company side, I think the answer is £0.00. I think they will typically make their money from commission taken from the money paid into the pension.
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On Monday, November 17, 2014 1:57:19 PM UTC, David Woolley wrote:

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Commission cannot now be paid on investment products, only on life assuranc e. So an advisor would have to charge a fee if he wanted remuneration.
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I suspect there is no "typical" - at least not without a great deal more about the employee's circumstances - age, income, existing pension plans if any, property, other savings and investments, mortgage and other liabilities, family, and so on. But as I suspect you know, it ain't free or cheap since IFAs were (broadly speaking) barred from commission where they act as intermediaries. Eg I know someone coming up retirement who paid ?1,500 for advice (ie without actual management). But he was (by my standards) well-heeled and sleek.
IIRC there was a Which? report on this last year which should have more reliable figures. I don't subscribe any longer but you may be able to access it at a library.
--
Robin
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Further investigation confirms what you say, and also that a figure of £1000-£1200 is "about average" for this kind of thing.
Daniele
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