Different organisations have different ways of charging fees for pension advice, and you should always be told what the fees are and how they are structured before you sign on the dotted line.
Financial advisers, like Alan Boswell Group, charge fees separately to any product, so there is no bias when selecting pension and investment schemes.
There are generally three ways financial advisers charge their clients:
Fixed fees: a flat fee that considers the complexity of the work and the likely time required to adequately research and make recommendations, as well as process the work afterwards.
Time-costed charges: an hourly rate, with the amount charged depending on the seniority of the adviser who does the work.
A percentage of the amount invested: you pay a percentage of the value of your portfolio, typically between 0.5% and 1%. This is generally used for ongoing work, perhaps where there are funds invested which are being managed.