We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Drop in well paid using IFA's
Comments
-
2010, you have lost all credibility. You just look like a troll now.
By all means, keep it up and everyone can keep laughing at you.
The is a typical retort from an IFA, when something`s posted you don`t like it`s an unreliable source, etc., or when all else fails you resort to ridicule, insults or you`re a "troll".
Pretty pathetic for a so called "professional". :rotfl:0 -
Yes, I can see that.Thank you,Opinions4u, but if you look closely it says commission/fees
But you were talking specifically about payments from the product provider to the IFA.
Not payments made directly from the client to the IFA (where commission would usually be rebated to the investment for the benefit of the client).
Your multiple posts on multiple threads about something you haven't even tried to understand is an extraordinary campaign to wage.
You keep contradicting yourself when presenting facts about your own situation. You keep repeating your inaccuracies when commenting on the world of the IFA. It's tiresome. I'm out. I urge others to stop feeding it too.0 -
I`ve given you the link to the WP bond with the sell price I got and the lastest price.
What you want to believe is now down to you.(the proceeds are safely tucked away)
What I do know is that you were paying an annual management charge to Aviva during years 5 to 10.
I can also safely assume you don't know the answers to any of the other questions I posed as you have completely ignored them.
It really does show the depth of your knowledge.0 -
Professionals are entitled to defend themselves just like anyone else.The is a typical retort from an IFA, when something`s posted you don`t like it`s an unreliable source, etc., or when all else fails you resort to ridicule, insults or you`re a "troll".
Pretty pathetic for a so called "professional". :rotfl:
Oh, and the very definition of a troll is "someone who posts inflammatory,[2] extraneous, or off-topic messages in an online community, such as an online discussion forum, chat room, or blog, with the primary intent of provoking readers into an emotional response[3] or of otherwise disrupting normal on-topic discussion".
What you and others are doing is trolling, pure and simple. Just look at how many threads are currently open with the express purpose of bashing IFAs, that's something any professional in a community would look to defend themselves against.
The simple way to avoid the label is to stop posting attacks at every opportunity you have and actually engage in reasoned dialogue.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Oh, and the very definition of a troll is "someone who posts inflammatory,[2] extraneous, or off-topic messages in an online community, such as an online discussion forum, chat room, or blog, with the primary intent of provoking readers into an
Well there`s certainly been plenty of off topic posts on this thread which is supposed to be about "the drop in the well paid using IFA`s".
Some people who obviously have more time on their hands than me, sit trawling back over posts from yesteryear to try to catch others out.
The least little typo is ceased on and inflated but this is not about the topic being discussed but something that happened/was said many moons ago.
I think it`s only right that everyone should be able to post / seek information about any subject anywhere and not have just the one-sided view.0 -
What I do know is that you were paying an annual management charge to Aviva during years 5 to 10.
Well, well Jem 16, a few posts back I thought I was at least getting a bit of sense from you.
You now disappoint me greatly by this extremely silly sentence.
You cannot possibly know the above because you never saw the T&C of this particular bond.
You know the name of it, when it was taken out, and with all the time you have on your hands to trawl backwards, PROVE there was a management charge after year five up to year 10.
Oh by the way, don`t try to swing things around, it`s up to YOU to prove it, which shouldn`t be very hard as you say, and I quote.
"What I do know is that you were paying an annual management charge to Aviva during years 5 to 10".
0 -
You cannot possibly know the above because you never saw the T&C of this particular bond.
Doesn't sound like you did either given the number of times you have changed your story on this subject. What is today's version going to be?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 -
Doesn't sound like you did either given the number of times you have changed your story on this subject. What is today's version going to be?
Well there`s one thing that`s certain, savings did out perform WP bonds exactly as I said they did.
With-profits bonds sold to pensioners have paid less than 2pc for TEN years
Over the past ten years, some investors have earned less than 2 per cent a year. This is less than half the returns they could have got by taking out risk-free, fixed-rate bonds with banks and building societies over the same period.
Savers who had put their money in two consecutive five-year bank or building society fixed-rate savings bonds could have earned an average 4.2 per cent a year after tax over the same ten years, turning each £10,000 into £15,089 after tax.
A five-year, fixed-rate bond with NatWest, on sale ten years ago, paid 4.4 per cent after tax. Those on sale five years ago from Birmingham Midshires paid 4 per cent after tax for the five years.
Read more: http://www.thisismoney.co.uk/money/article-1361925/With-profits-bonds-sold-pensioners-paid-2pc-TEN-years.html#ixzz1mkZxDGH40 -
You cannot possibly know the above because you never saw the T&C of this particular bond.
Actually I have. I have the same Portfolio Bond, albeit not in With-Profits. However the T&C cover all types of funds.
Current literature on the Portfolio Bond. ( mine is the same but I don't have an easy way of uploading them to the site)
Aviva Portfolio Bond.
Do read the Annual Management Charges section.
Also;
Aviva Portfolio Features
Click on the tab for Figures.
Now I'm sure you would like to PROVE that you had a Portfolio Bond that Aviva (CGNU) chose not to deduct any annual management charge from for 5 years.0 -
With-profits bonds sold to pensioners have paid less than 2pc for TEN years
Yes, history has proven them to be a pretty rubbish investment. I'm glad that I never touched them, and ditched the closest I came (mortgage endowment) at the first whiff of trouble.
You come across as someone who's crashed their car but is now insisting that professional drivers are rubbish simply because a few of them have left the road at the same bend.
At risk of stretching the analogy beyond its elastic limit, my view is that professional drivers will on average get around the bend more safely than us amateurs, but I'm not going to stump up for a chauffeur, so I'd better brush up my driving skills and learn to control my right foot.
See, you can make anything into a car analogy if you try hard enough!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards