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A question of charges

It is hard to argue with Nick Bamford’s position that a combination of experience, higher qualifications and applied skill is, or at least should be, what makes a premier league IFA.

Most GP IFAs operate on the basis of a combination of experience, low to middle-range qualifications and applied skill. These IFAs know what they are competent to do and on the rare occasions that something out of their competence zone comes their way, they refer it on to a specialist.

As a result, their businesses are clean, healthy and stable. They have satisfied client banks and few if any complaints (the FSA’s own statistics tell us that).

This is a model which, one might reasonably suppose, the FSA would be content to leave well alone and concentrate instead on the big sinners.

So, tell us, Nick, what does your firm, with all its highly qualified advisers, charge for its services?

Just so we know what we should be asking all our clients to cough up for our services once we have achieved QCA level four, foresworn commission and are steaming on towards QCA level six?

Julian Stevens
Harvest FM



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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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