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Can I move away from my IFA

RootyTooty_2 · 2010-10-03 08:17:46

Hello I am not particularly happy with my IFA, I would like to end my relationship with him. Can I do this? If so, how? I have a Scottish widows pension with an extrnally managed portfolio (is that the right term?). this is managed by the IFA. I'm sorry, if I am being obtuse. Thanks for any guidance.

Comments

dunstonh Posts: 121,224 Forumite

7 October 2010 at 10:24AM

I do sometimes look at Defined Benefit transfers for other IFAs

For the benefit of non advisers, that is a very common model. i.e. where those with AF3 or G60 are utilised by other IFAs to do all the occupational pension transfers.

Even if you have AF3 or G60 yourself, it may not be cost effective to provide advice in that area unless you have sufficient volume to cover the increased costs of providing advice in that area (and the fact that most of the time you tell them to stay put). So, in these cases, using a specialist IFA makes perfect sense.

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.

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