Adviser Fee Agreements: How They Work

Many Alltrust members use a financial adviser to help manage their SIPP. Adviser fee agreements allow fees to be paid directly from the pension, rather than personally.

What is an adviser fee agreement?

An adviser fee agreement is an arrangement that allows:

• Agreed adviser fees to be deducted from your SIPP
• Payments to be made directly to your adviser
• Clear documentation and transparency

Types of adviser fees

Fees can be structured as:

• Initial fees – for setting up or transferring a SIPP
• Ongoing fees – typically a percentage of the fund value
• Ad-hoc fees – for specific advice or transactions

All fees must be:

• Agreed by you in advance
• Clearly documented
• Permitted under pension regulations

What are the benefits?

• No need to pay fees personally
• Fees are paid from pre-tax pension funds
• Clear audit trail and transparency

Things to be aware of

• Adviser fees reduce the value of your pension
• You should regularly review whether the advice remains good value
• Fees must relate to pension advice, not non-pension services

Your SIPP provider will only pay adviser fees where valid authority is in place.