scottish widows flexible option bond charges

feesarefare

dunstonh wrote: »

I am. Its not regulatory advice though.

If your comfortable with it then good luck.

dunstonh

feesarefare wrote: »

If your comfortable with it then good luck.

I am very comfortable with telling someone that paying around £1,000 on fee basis is better than paying over £10,000 on commission.

Rollinghome

cardeanlover wrote: »

I would definitely feel a certain degree of bad form to pull out.

The last thing you should feel is any embarrassment. Investment salesmen are trained in how to manipulate the natural decency of 'prospects' using techniques with names such as the 'Half Nelson' to close sales or overcome 'buyer's regret'. Don't have any of it.

You'd be better with proper advice on a genuine fee basis not only on grounds of cost but to ensure the advice is free of 'commission bias'. Beware that some of the dodgier former commission-based IFAs are now calling themselves fee-based ahead of the FSA ban on IFA commission in 2013 when they aren't in any real sense. A true fee-based adviser should charge either per transaction or per hour, not a percentage of the investment, and refund all initial and ongoing 'trail' commission.