Common use of Advice Stage Clause in Contracts

Advice Stage. If you agree to proceed to the advice stage, for Safeguarded / Defined Benefits you will start to incur fees once you have confirmed that you accept our charges. These will be sent to you beforehand in our document ‘Your Personalised Charges’. If we provide you with an ‘Abridged Advice’ Report there will be no charge for the report. For ‘full’ advice in respect of Safeguarded / Defined Benefit Pensions there will usually be a non-contingent fee (ie a fee that is chargeable irrespective of the advice provided or whether or not you follow the advice). The fee chargeable varies upon the size of the pension plans under review. There is a minimum charge of £3,000 for ‘full’ advice. If you qualify for a ‘contingent fee’ on the basis of your health or financial circumstances, we will advise you of this. If you qualify for this there is a minimum fee of £3,000 but any fee due above this amount is only payable if a transfer is recommended and transacted. For defined contribution plans, our fees would only become payable if you transact our advice, although the minimum fee of £3,000 would remain.

Advice Stage. If you agree to proceed to the advice stage, for Safeguarded / Defined Benefits you will start to incur fees once you have confirmed that you accept our charges. These will be sent to you beforehand in our document ‘Your Personalised Charges’. If we provide you with an ‘Abridged Advice’ Report there will be no charge for the report. For ‘full’ advice in respect of Safeguarded / Defined Benefit Pensions there will usually be a non-contingent fee (ie a fee that is chargeable irrespective of the advice provided or whether or not you follow the advice). The fee chargeable varies upon the size of the pension plans under review. There is a minimum charge of £3,000 4,000 for ‘full’ advice. If you qualify for a ‘contingent fee’ on the basis of your health or financial circumstances, we will advise you of this. If you qualify for this there is a minimum fee of £3,000 4,000 but any fee due above this amount is only payable if a transfer is recommended and transacted. For defined contribution plans, our fees would only become payable if you transact our advice, although the minimum fee of £3,000 4,000 would remain.