AVIVA's MVR ate my profit

dunstonh

darkpool wrote: »

ohhh sorry i thought it was YOU that compared the WP to the FTSE100.

Hold on a second, i done a check and it was definetely you that compared the WP in question to the FTSE100.

No I havent. Ellen compared it in post #1. You continued to compare it in your posts. I have stated that you cannot compare it but it has outperformed it (it did until late this week). In as little as post #2 I indicated that you cannot compare it to FTSE100 due to risk differences.

darkpool

dunstonh wrote: »

.
What bit of independent do you not understand? This fund is one of around 50,000 I can use. If you think I am going to say all 50,000 odd are good then the accusation of bias stands firmly at your door.

i suppose the bit i dont get with IFAs is that they get commission from certain product providers and not others. how often do you recomend a product that doesn't pay commission?

magpiecottage

darkpool wrote: »

how come a few days ago you thought the OP would be wasting everyone's time? now you agree wth her complaint?

As DunstonH has noted, you do not seem to read the posts properly. I said that a complaint against Aviva was a waste of time, because it is.

So I disagree with her about that.

What I am now saying is she seems to have ground for complaint against her IFA - but she has consistently disagreed with me about that.

darkpool

dunstonh wrote: »

What about the fact that it has outperformed the FTSE100?

ehhhmmm i think you did compare the WP in question against the FTSE100

magpiecottage

darkpool wrote: »

i suppose the bit i dont get with IFAs is that they get commission from certain product providers and not others. how often do you recomend a product that doesn't pay commission?

I would hazard a guess at every time he's paid a fee for his advice which, I seem to remember, is every time he advises.

darkpool

magpiecottage wrote: »

What I am now saying is she seems to have ground for complaint against her IFA - but she has consistently disagreed with me about that.

you didn't say that at the start of the thread.

jem16

magpiecottage wrote: »

[*]She claims to been given documentation but, apparently, not a Key Features document

Actually in one of her posts she acknowledged the KFD and talked about scanning it and attaching it here but she couldn't.

EDIT : If you look back at Post 1 which she has now edited, she is quite clear about having a KFD.

[*]She wanted the money out within five years.

She said to us about 5 years - who knows what she said to her IFA.

It also assumes that I would be coming to the case without the benefit of this thread and that I would not have read the series of comments made by EllenGB which caused me to question the reliability of her testimony.

This I most definitely agree with.

I just get the feeling that the IFA is probably blameless.

So it is not, by any means, a foregone conclusion - simply that what she has said would lean me in her favour in the absence of other evidence.

Which she is further trying to delete as she is on here right now deleting posts. The post numbers you refer to earlier do not now match up.

EllenGB - remember what I said about saving this thread and copying its content?

darkpool

jem16 wrote: »

Actually in one of her posts she acknowledged the KFD and talked about scanning it and attaching it here but she couldn't.



She said to us about 5 years - who knows what she said to her IFA.



This I most definitely agree with.

I just get the feeling that the IFA is probably blameless.




Which she is further trying to delete as she is on here right now deleting posts. The post numbers you refer to earlier do not now match up.

EllenGB - remember what I said about saving this thread and copying its content?

some nice research there magpie mini me.

dunstonh

darkpool wrote: »

i suppose the bit i dont get with IFAs is that they get commission from certain product providers and not others. how often do you recomend a product that doesn't pay commission?

Every day. I, like many IFAs, work on an agreed fee basis. It doesnt matter if I use a FTSE tracker, a with profits fund, or whatever fund you like to pick. I get paid the same. As you say, you don't get it and that is obvious to see.

This thread is not about commission though. Its about a fund. As has been said on this thread already and ignored by you, even if the adviser worked on commission, he would have earned the same whether he recommended JPM natural resources, Aviva Index Tracking or the WP fund.

jem16

darkpool wrote: »

some nice research there

If someone believes their posts are accurate, they don't go back later and remove them or change them to something completely different. They stand by them.

magpie mini me.

I'll take that as a complement. He/she has been fair throughout this thread and has tried to help the OP.