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Sterling Investment Bond question
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So, really when you look at it based on the limited information we have available, there is nothing that suggests that there is anything wrong with the recommendation.
So given that no new information has come to light, what was the point when you posted there were "plenty of reasons why it wouldnt" be suitable.
Things are confusing enough for posters on here, without IFAs appearing to question perfectly good advice from another IFA.
Why waste time taking about ISAs not being used when you cant put them in trust?
Had the OP (cause you ignored my question) not asked, other punters would be reading this thread and, quite rightly thinking there must be something wrong with Sterling because the resident MSE IFA says theres plenty of reasons for them not being suitable.
You can just agree sometimes you know.0 -
Things are confusing enough for posters on here, without IFAs appearing to question perfectly good advice from another IFA.
Good idea. I suggest you start following your own advice.Why waste time taking about ISAs not being used when you cant put them in trust?
Rather than saying ISA is no good, I gave the reason why it wouldnt be.Had the OP (cause you ignored my question) not asked, other punters would be reading this thread and, quite rightly thinking there must be something wrong with Sterling because the resident MSE IFA says theres plenty of reasons for them not being suitable.
Generically, investment bonds are not suitable for the majority of people. They are increasingly becoming less important. Yet the number of them still being recommended is not consistent with best advice. The reasons in this case appear ok based on the limited information available but it doesnt mean that is the case for others reading who have found this thread. Just as Philup found it and added to the OP.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Good idea. I suggest you start following your own advice.
please show the posts where I have questioned perfectly good adviceRather than saying ISA is no good, I gave the reason why it wouldnt be.
Who said they were no good, I said why waste time mentioning them.
.Generically, investment bonds are not suitable for the majority of people. They are increasingly becoming less important. Yet the number of them still being recommended is not consistent with best advice. The reasons in this case appear ok based on the limited information available but it doesnt mean that is the case for others reading who have found this thread. Just as Philup found it and added to the OP
Yes but didnt Philup want an answer to their query not a generalisation about investment bonds.
The opening line is "My Father in Law has £100K to invest which is in a Trust Fund including himself and three children as members"
The fact we were talking about money in trust from the outset, what applies to the "majority of people" didnt apply in this case.
And the query was also about Sterling not about investment bonds general !!!
If I sound annoyed I am, as I was when I read your "plenty of reasons not to" post last night.
Perhaps you should add the following to your signature to say "please beware sometimes I will answer a direct query but other times I'll be talking generically - work out when for yourself"0 -
Perhaps you should add the following to your signature to say "please beware sometimes I will answer a direct query but other times I'll be talking generically - work out when for yourself"
At least he has a signature that points out that he is an IFA - you do not. Why is that?
Personally I would rather know that there may be reasons for and against an investment bond, Sterling or otherwise. At least then I would be informed rather than just being told it's good for me.0 -
At least he has a signature that points out that he is an IFA - you do not. Why is that?
because im not interested in boosting my own business by using this website. the board rules say its not compulsory . Not everyone on here is looking to line their own pockets!Personally I would rather know that there may be reasons for and against an investment bond, Sterling or otherwise. At least then I would be informed rather than just being told it's good for me.
sorry Jem thought you were a bit more of a thinker than that ..........0 -
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because im not interested in boosting my own business by using this website.
With the rather abrupt answers you have been giving people of late I doubt there would be much chance of that happening anyway.the board rules say its not compulsory . Not everyone on here is looking to line their own pockets!
Rather harsh and unnecessary.sorry Jem thought you were a bit more of a thinker than that ..........
No I prefer to know I'm doing the right thing rather than just think! Reasons against are just as valid as reasons for and it seems that philup was also looking for informed opinions. You can only make an informed opinion if you have both for and against reasons.philup1000 wrote: »We are having a meeting with the ifa to discuss and ask questions, which is why I wanted some other more informed opinions on the product.
Whiteflag - what I do find sad is why you feel the need to attack another IFA. There is enough IFA bashing goes on on this board without IFAs attacking each other.
You both (normally) have very good points to make - leave it at that.0 -
No I prefer to know I'm doing the right thing rather than just think! Reasons against are just as valid as reasons for and it seems that philup was also looking for informed opinions. You can only make an informed opinion if you have both for and against reasons
Jem , I think you will find that despite Dh saying that there were plenty of reasons against using the Sterling bond, only when pressed did he the say "there is nothing that suggests that there is anything wrong with the recommendation"
So why didnt Dh just say that in the first place? What he posted originally was of no help to the OP or people like you trying to make and informed decision.
Whiteflag - what I do find sad is why you feel the need to attack another IFA. There is enough IFA bashing goes on on this board without IFAs attacking each other.
Why has disagreeing with Dh got to be seen as IFA bashing?
I agree with you that IFAs get enough of a bashing from others on the board, so when one gives perfectly good advice, it doesnt makes sense for the resident MSE IFA to knock the advice does it?
As someone who likes to make informed decisions, I would have thought it would be more useful to you and everyone on this forum if occassionally someone gave a different opinion to dunstonh.0 -
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