Transparency and honesty as standard

The majority of IFAs do not disclose their fees online, but when you come to Macbeth Scott & Co Life and Pension Services for financial advice, you can be sure there will be no hidden charges. We pride ourselves on clarity and transparency throughout our service, including all charges associated with the management of your assets.

Our administration, investment and advice costs are ‘unbundled’ so you know exactly how much you are paying.

Our standard fees are provided below for your information, however actual costs will depend on your circumstances and requirements and will be agreed with you at the start of the process.

 

Financial review & recommendations

We will carry out an extensive assessment of your circumstances at the outset to establish your financial planning requirements.

This will include:

  • Gathering information about existing financial and personal circumstances
  • Understanding your experience and knowledge of financial products, including your attitude towards investment risk
  • Recommending products or asset allocation models that match your risk profile
  • Preparing our recommendations
  • Arranging a second appointment to explain and discuss our recommendations in detail.

Our charge for this service is based on an hourly rate as detailed below subject to a minimum fee of £250 which is payable upfront.
Any further fees are payable on implementation or provision of the report containing our recommendations to you.

Hourly rates

Independant financial adviser

£175 per hour

Experienced administrator

£55 per hour

General administrator

£40 per hour

Arrangement & implementation

Should you instruct us to proceed with any of our recommendations we will act for you in the following ways:

  • handle all transactions and administration on your behalf;
  • provide regular updates to keep you informed of progress;
  • ensure all your documents are issued in line with your expectations;
  • provide confirmation of all actions taken on your behalf in writing.

Charging Option 1: Hourly rates

Independent financial adviser

£175 per hour

Experienced administrator

£55 per hour

General administrator

£40 per hour

Our charge for this service is based on an hourly rate as above, or if agreed in advance, a percentage of the amount you invest. Charges are applied as follows

Charging Option 2: Percentage of amount invested

Investments up to £250,000

3% of investment subject to a minimum £250

Investments from £250,001 to £1,000,000

2% of investment

Investments above £1,000,000

1% of investment

We will issue an invoice within 7 days of your investment going live, which can be either paid directly by you or deducted from your investment. We must receive full payment of the invoice amount within 30 days of issue unless you have elected for our fee to be deducted from your investment.

On going reviews

We will carry out an extensive assessment of your financial circumstances at the outset to establish your financial planning requirements.  Once your accounts are up and running, we offer an ongoing service to ensure your needs are met by any changing circumstances.

Our review service provides:

  • An at least annual review of your investments, including a statement of current values and analysis of investment performance
  • A face to face meeting to discuss any changes in your circumstances or objectives
  • A recommendation to continue or amend the strategy and products held
  • Implementation of any changes

Our charge for this service is based on a percentage of your invested assets, no higher than 1% per annum.  Subject to a minimum fee of £250.
We will only proceed with the provision of a review once we have an ongoing service agreement, tailored to your requirements, in place.

Client stories

See how our transparent pricing works in these examples from real client stories.

A growing family looking for financial protection

We’re having baby!

When new parents Sarah and Paul welcomed their little bundle of joy to the world, they realised (through a sleep-deprived haze) that it was time to refocus their priorities.

They came to Macbeth Scott & Co Life and Pension Services to discuss how they could really make their savings work and to put life assurance in place – crucial steps to ensure the brightest of futures for their little star.

Planning fees

Following the initial consultation, which is free of charge, we assessed Paul and Sarah’s financial circumstances. We prepared a savings investment plan and proposed a suitable life assurance policy.

Arrangement and implementation

Arranging the life cover policy and setting up the investment took 1.5 hours of adviser time, and 2. 5 hours of general administration.

Total costs

We helped this family to achieve peace of mind by implementing a secure investment plan and life cover at a total cost of just £362.50.

Operating on this basis reduces the cost of the products, as the industry otherwise loads the premiums to account for payments of commission

Planning for retirement with multiple pension schemes

Are you a crisp box client?

When Julia came to us to ask for advice on her pension, we realised she was a classic crisp box client.  All the information from her five different pensions schemes was dumped in a cardboard box and hidden at the back of her cupboard.

Julia wanted to convert her £280k pension pot into drawdown, but did not know where to start and she thought financial advice would be too expensive.

Planning fees

We invited Julia for a no-fee consultation meeting to ascertain her needs.

Research and recommendation

We investigated Julia’s different pension plans and sorted out a realistic Drawdown plan.  It took approximately five hours of guidance from an experienced financial adviser, plus three hours of expert administration.

Total cost

For just £1,040, Julia got rid of her headache (and her crisp box!) and is now enjoying the money she worked so hard to save.

The standard market charge for handling such a sum can be up to 3% of total investment, so Macbeth Scott & Co Life and Pension Services saved Julia over £7,300!

Our people

High performance is not just for funds, we expect the same from our people, too.

Meet the team

Our process

Keeping it simple: here is what will happen if you choose Macbeth Scott & Co Life and Pension Services.

How we work

Macbeth Scott & Co Life and Pension Services Limited is authorised and regulated by the Financial Conduct Authority.   You can find Macbeth Scott & Co Life and Pension Services Limited on the FCA register at https://register.fca.org.uk/

The guidance and/or advice contained in this website is subject to the UK regulatory regime and is therefore restricted to consumers based in the UK.  The FCA does not regulate tax or estate planning.  Please note that the value of investments may go down as well as up and investors may get back less than they invest.  Where these pages refer to investment performance it should be remembered that past performance is not a reliable indicator of future performance.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients.  Full details can be found at https://www.financial-ombudsman.org.uk/

Macbeth Scott & Co Life and Pension Services Limited is registered in England & Wales. Company number: 01144365. Registered Office: 3 New Road, Kendal, Cumbria, LA9 4AY.