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Plus Selestia charges an annual fee on top of the fund charges, that's no good.
But the fund charges can be cheaper.
Scot EQ and Winterthur are likely to want it transacted through an authorised firm as well.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 -
I've no objection to going through an authorised firm provided they're charges are reasonable, and that ultimately the fund will perform better.
I only object when i'm paying over the the top to invest in the funds that i've already picked. thanks0 -
Have just spoken to zurich as i thought i'd better find out their charges for comparison.
The anual management charge of 1/12 is reinvested so that's ok.
There is a monthly charge of £1.26, i don't know how this compares.0 -
SD
It may be worth giving Standard Life a call and seeing what they can offer.They must be doing loads and loads of these PR drawdown plans because they have sold so many SIPP plans for people's main pensions.They are ahead of the other insurers in this business.
SL are usually competitive on charges and their pension plans certainly have a good choice of funds.Trying to keep it simple...
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Will do ED, it transpires that it's all been a waste of time,
The widows will only accept a fund of 100k for drawdown, i doubt if there's many P'Rights funds in that league. thanks.0 -
No luck, it looks like going through an IFA and see if it works out reasonably or waiting till they change the rules?0
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tell the IFA you want to go execution only and you will be picking provider and funds. This involves 30 minutes of work for that IFA. Most IFAs will discount on execution only so its not hard. Remember most of these online discount brokers are IFAs. They just have a website to do what the rest of us do by email, post or face to face.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
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Thanks DUNSTONH
Will the charges from the provider still be economic in view of the small fund.
I did wonder if there was any milage in adding money to the fund from my pocket to the required amount,thanks.0 -
I think the problem is they won't take an execution-only sale for drawdown.If they would, HL would be the place to go.Trying to keep it simple...0
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Incidently i have spoken to the widows who will accept if i add another 50k to it, (all i've got to do is find 50k)hmm.0
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