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Retirement Services Charges

We can help you enjoy a fantastic retirement. Our range of retirement planning services will allow you to retire when you want with the lifestyle you always dreamed of.

Retirement Services Charges

At NorthStar, we have a commitment to providing clear and simple charges for all our services.  When you plan for your retirement with us, you will always know how much you will be charged and can be confident that you will be paying some of the most competitive rates around.

We provide a full range of retirement planning services. Whether you need advice on starting a pension, reviewing existing pensions, taking an income when you reach retirement or managing your pension money into old age, we have a service for you.

Our main retirement services and charges are summarised below:
 
 

Starting a Pension

To provide a recommendation on starting a pension, we charge 2% of the amount to be invested (minimum charge £300). This provides you with information and advice on which pension provider to use, your optimal investment strategy and what you can expect your pension to provide you in retirement. We can then manage your pension investments in the same way as our investment management service and charge the same amount as for any other investment.
 
 

Retirement Planning

Retirement planning aims to answer the bigger questions about how you fund and plan for your retired years. Retirement planning falls under our financial planning service and is charged in the same way. You may either opt for an ongoing financial planning service paid monthly or by ad-hoc or one-off services which simply look at your retirement planning needs in isolation. You can see a full breakdown of our financial planning charges and choose the plan that is right for you.
 
 

Pension Review Service

To provide a full review ‘Pension Review Report’ which provides analysis and advice on whether to switch or consolidate your pensions, we typically charge £500 (currently free as a special offer). Should the report recommend that you transfer your pensions to a new provider, we charge 2% of the amount to be transferred (minimum charge £300).
 
 

Pension Investment Management

We manage the money you have in your pension in the same way as our investment management service and charge the same amount as for any other investment. This is typically 0.6% per annum where you are invested in a NorthStar portfolio, 1% per annum where your pension investment portfolio is with any other provider or 0.4% per annum where you invest in a simple pension product with a limited fund range (minimum charge £300). 
 

If we advise you make any ongoing contributions to your pensions, we charge 2% of each contribution to facilitate these payments. We don’t make a charge where you directly make ongoing pension contributions without seeking advice.
 
 

Retirement Strategy

To provide a ‘Retirement Strategy Report’, we typically charge £600. This sets out a specific retirement strategy to address your current needs. This maybe how best to take your retirement income, a strategy for releasing tax-free cash, a strategic review of the assets to fund your retirement or any other strategic retirement project. The report may recommend that you transfer your pension or purchase an annuity and/or drawdown directly from your pension. Should the report recommend that you transfer your pensions to a new provider, we charge 2% of the amount to be transferred (minimum charge £300).To facilitate your pension income, we charge 1% of any amount to be annuitised and/or 2% of any amount that we recommend moving to a new drawdown contract (minimum charge £300). 
 
 

Income Drawdown Investment Management

If you want to keep your pension invested after you retire, drawing the money as you wish, we manage your money in the same way as our investment management service and charge the same amount as for any other investment. This is typically 0.6% per annum where you are invested in a NorthStar portfolio, 1% per annum where your drawdown investment portfolio is with any other provider or 0.4% per annum where you invest in a simple drawdown product with a limited fund range (minimum charge £300).
 
 

All Other Retirement Services

For any other specialist retirement services, we will quote a price on enquiry. We are always clear on what you will pay for our services before you commence.

NorthStar clients get more but pay less

Our clients enjoy better returns, better advice and a better level of service.
We deliver all this at a lower price than many of our competitors.
Find out more about our commitment to drive down charges and how we’re going about it.

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Complete Flexibility 

Remember that you can start or stop our retirement services at any time. We never tie you into any form of contract with us. Don’t worry if you are unsure which of our retirement services would suit you best. You can discuss your requirements during your free introductory meeting where a NorthStar financial planner can help you work our which of our services are right for you. 
 
 
 

Find out More About Our Other Charges 

Our commitment to clear, fair and transparent charges means you will always know how much you will pay before agreeing to any of our services. Find out more about our charges for other services: 
  
The value of pension investments and the income from them can fluctuate and investors may not get back the full amount invested. Past performance is not necessarily a guide to future performance. Please contact us for more information on our range of pension portfolios.

Our commitment on charges

At NorthStar, we’re committed to providing clear and simple charges for all our services.
We believe in total transparency so you’ll always know what you will pay.
No hidden charges, no additional fees, no nasty surprises – that’s a promise.

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Retirement Services Charges ultima modifica: 2014-09-23T22:21:37+00:00 da NorthStar Admin