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Retirement Services Fees

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 Fees

At NorthStar, we are committed to providing clear and simple fees 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 fees are summarised below:
 
 

Starting a Pension

To provide a ‘Pension Report’ with recommendations to start a pension, the fee is 1% of the amount to be invested (minimum fee £800). This is an implementation fee and is only payable should you wish to proceed with the advice given. A ‘Pension Report’ will provide information and advice on which pension provider to use, recommended contribution levels, your optimal investment strategy and what you can expect your pension to provide you in retirement
 
 

Pension Review

To provide a ‘Pension Review Report’ covering analysis and advice on whether to switch or consolidate your pensions, the fee is 1% of the amount to be transferred (minimum fee £800). This is an implementation fee and is only payable should you wish to proceed with the advice given. A ‘Pension Review Report’ will provide a full analysis of your existing pensions covering charges, performance and features, advice on whether to switch or consolidate your pensions, recommended contribution levels, your optimal investment strategy and what you can expect your pension to provide you in retirement.
 
 

Pension Review (‘Defined Benefit’ Pensions)

To provide a report covering analysis and advice on whether to transfer a ‘defined benefit’ (also known as ‘final salary’) pension, the fee is 1% of the amount to be transferred, capped at £3,000.
 
 

Retirement Strategy & Pension Review

To provide a ‘Retirement Strategy Report’ including a full pension review, the fee is £600 plus an implementation fee of 1% of any amount to be transferred or annuitised (minimum fee £800). This is an implementation fee and is only payable should you wish to proceed with the advice given. A ‘Retirement Strategy Report’ sets out a strategic overview of your retirement strategy and will typically include an overview of your retirement assets, analysis showing the earliest time you can afford to retire, whether you can meet your retirement income requirements and how a financial disaster could impact your retirement. It may also cover how best to take your retirement income, a strategy for releasing tax-free cash and/or a strategic review of the assets to fund your retirement. It will also provide a full analysis of your existing pensions covering charges, performance and features, advice on whether to switch or consolidate your pensions, recommended contribution levels, your optimal investment strategy and what you can expect your pension to provide you in retirement.
 
 

Retirement Strategy

To provide a ‘Retirement Strategy Report’ where no pension review is required, the fee is £800. A ‘Retirement Strategy Report’ sets out a strategic overview of your retirement strategy and will typically include an overview of your retirement assets, analysis showing the earliest time you can afford to retire, whether you can meet your retirement income requirements and how a financial disaster could impact your retirement. It may also cover how best to take your retirement income, a strategy for releasing tax-free cash and/or a strategic review of the assets to fund your retirement.
 
 

Ongoing Pension Investment Management

To provide ongoing pension investment management, advice and recommendations, fees are based on the type of pension product held and service required. Pension investments in the NorthStar portfolio range have an annual investment management fee of 0.9%. Pension investments in simple investment products with a limited fund range have an annual investment management fee of 0.6% and pension investments with any other provider have an annual investment management fee of 1%. A fee of 1% is payable on any ongoing regular contributions to your pensions. Pensions in ‘drawdown’ are charged in the same way.

 

All Other Retirement Services

For any other specialist retirement services, we will quote a price on enquiry.


 
 

Defined benefit transfer advice provided by selected third-parties. This service is not provided by NorthStar directly.

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 fees and how we’re going about it.

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 introductory phone call where a NorthStar financial planner can help you work out which of our services are right for you.
 
 
 

Find out More About Our Other Fees

Our commitment to clear, fair and transparent fees means you will always know how much you will pay before agreeing to any of our services. Find out more about our fees 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 fees

At NorthStar, we’re committed to providing clear and simple fees 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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Awards, Accreditations & Trade Associations

NorthStar is proud to be members of the leading financial planning trade associations. Through a continued commitment to work to the highest professional standards and deliver real value to all clients, our work has been recognised with a number of awards and professional accreditations.

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