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How much does a IFA cost for a pension scheme transfer, in the UK?

I've just changed job. I'd like to transfer my previous pension ccheme to my new company's pension scheme. I am required to contact a Independent Financial Advisor (IFA). How much does it cost to me? Can I do it without his advice?

Asked By: Andrea Geogr - 10/18/2008
Best Answer - Chosen by Asker
Most of them either work for a fee or they get a commission from the companies they recommend. A fee is likely to be in the region of £100/hour... More
Answered By: stepthrough - 10/18/2008
Additional Answers (1)
Probably, but the cost of an IFA is probably worth saving the cost of poor financial decisions.
Answered By: MakingADifferenceDaily - 10/18/2008
 
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