Pension advisor and its costs
In the event of assuming a mandate, pension advisors calculate their services in a similar way to lawyers individually on the basis of the Lawyers' Remuneration Act (RVG) and the corresponding remuneration list (VV RVG). Special fee or remuneration agreements with a fixed amount can prove to be an advantage. In addition, the costs for the client can be planned even with lengthy procedures.
The Federal Lawyers' Fees Regulation, known under the abbreviation BRAGO, no longer exists since 2004. Rather, it has been replaced by the Lawyers' Remuneration Act (RVG). What pension advisors are allowed to invoice their clients and how can be found in the remuneration list.
Costs for advice from the pension advisor are regulated by the Lawyers' Remuneration Act
- The remuneration list for the RVG states that giving advice (verbally or in writing) or providing information as a so-called initial consultation fee may cost a maximum of 190 euros.
- Short consultations and simple information cost much less accordingly. The medium fee for a medium-difficult initial consultation is around 100 euros.
- A procedure commissioned with the pension advisor to clarify accounts or as a pension application will cost you between 40 and 500 euros. Preferably, you should contact a pension advisor who will enable you to make an initial contact free of charge or to offset other procedural fees.
Alternative - remuneration agreement based on a fixed or success fee
- In the RVG, those activities are listed individually for which a fee is provided and which must therefore be charged separately. In reality, the submission of an application to determine a degree of disability and the application for a Retirement pension at the same time, the incurrence of several fees and expenses.
- The billing can therefore contain different due dates depending on the completion of the order. Pension advisors must on the one hand adhere to the fees listed in the remuneration list, on the other hand, they can make remuneration agreements with clients outside of the RVG before taking on the mandate to lock.
- This proves to be beneficial in many cases. Clients already know a fixed amount when the order is placed. the costs can therefore not change due to particular difficulties to the disadvantage of the client. The risk lies solely with the pension advisor.
- In addition to the agreement of fixed fees, a profit-sharing option can also be considered. A contingency fee is only due if the pension advisor achieves the application goal.
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Tip: You can claim all fees that arise in connection with the commissioning of registered pension advisors as income-related expenses with your tax return.
