Retirement - do I need an IFA?

feesarefare

Quentin wrote: »

So now you join in with the spammers!

Are you connected with them?

never heard of them.

Although here's one I rate very highly- also in the midlands

http://www.prestwood.info/index.shtml

Big "Truth" users

jem16

feesarefare wrote: »

Hardly - the last time (and probably only time)I mentioned it you saw the funny side - hey ho

Once was funny - more than once loses the appeal and becomes more like ridicule.

(and just in case you've forgotten you've used the school "joke" with your previous username)

as I thought you had a sense of humour. well you used to

Still have for things that are funny or even subtle.

feesarefare

Still have for things that are funny or even subtle

well thats good to know

Quentin

feesarefare wrote: »

never heard of them.

Although here's one I rate very highly- also in the midlands

www.xxxxxxx

Not just a rogue broker then, but prepared to come back here using an alterego!

What a disgraceful way for a supposedly "regulated" professional to behave.

feesarefare

Quentin wrote: »

Not just a rogue broker then, but prepared to come back here using an alterego!

What a disgraceful way for a supposedly "regulated" professional to behave.

Why do you have a problem with people that are honest?

Quentin

Nothing "honest" about IFAs coming here and dishonestly using these forums to blatantly advertise - often using cynical ploys (including multiple board names etc).

feesarefare

Quentin wrote: »

Nothing "honest" about IFAs coming here and dishonestly using these forums to blatantly advertise - often using cynical ploys (including multiple board names etc).

blantant- yes

multiple board names - no evidence at all to back that claim

Dishonest - whats dishonest? Im sure if someone is smart enough to be able to turn on a computer they are smart enough to spot an advert.

What most people cant spot is something that is alot more subtle and that is far more dangerous. That includes you unfortunatley.

smerch1468

bigfreddiel wrote: »

I'm fairly clued up on investing, I understand what funds are and discount brokers, charges, isa wrappers,diversification, etc. I know how to read perfomance reports and I read the financial papers - so what exactly will an ifa do for me?

Don't ge me wrong I fully respect professional advice, particularly in areas of taxation, inheritance, trust funds and so on, but with the internet anyone can research funds, work out a risk profile and formulate an investment strategy to meet ones income requirements (I know my pension, outgoings and so shortfall so I know what Iwouldlike out of my funds), and once i'm retired i will have more time to keep an eye on my investments.

Over to the forum.....

cheers

fj

I have started a new thread on the investment board - Rate Your IFA

I think its a question of where you can see an IFA adding value to your situation. You quite clearly can take responsibility for your investment decisions, however, its unlikely that you will have access to pension plans that have charges much lower than 1% per annum. If you deal with an IFA on a fee basis you will have access to much more competitively priced plans. You could instruct the IFA to find you a suitable pension with a good range of funds which invest in different asset classes(shares , bonds, property, cash etc).

I am in the process of setting up a 2 man GPP with a major pension provider, the annual management charge they are offering is 0.3%. As Employee Benefits Advisers we have been instructed not to offer investment advice to the employees but provide them with generic information about the pension plan we are recommending which will hopefully allow them to make an informed decision.

dunstonh

feesarefare wrote: »

multiple board names - no evidence at all to back that claim

No there isnt Whiteflag. I mean feesarefare or whatever name you are using at the moment

bigfreddiel

cashbackproblems wrote: »

It seems like if you want to start a personal pension for example an IFA can get discounts and know which products for you to buy.

Also as pointed out inheritance etc where you require knowledge of the laws they might be good.

However for funds/shares you probably can guess as well as them, if they are so clued up in this area theyd be trading/investing themselves!

I don't want to start a peronal pension, I have a civil service final salary pension.:rotfl:

As far as inheritance goes - no children only a wife and we have asolicitor who knows all about that aspect.

As far as funds go, the IFA I saw wanted 4% - I can pick just as well as their 'expert' and invest for free with any of the funds supermarket.

In fact the IFA I saw firts of claime they didn't charge a fee! So I said say I invest £50k would that be the tarting value of my funds - No was the answer, the finds people take their 4% and give it to the IFA - well what a con!

Just beware of IFA's and word your questions very very carefully to get the full picture.

fj