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PEP Plan &Financial advisor charges
Irenejanine
Posts: 10 Forumite
Can anyone help me understand my position?. I have a stocks&shares former PEP arranged through Chase de Vere. It has been transferred into different funds through the years, but I have never paid them any money up front - they have had commission from the new company and I suppose got something through the annual management charges I pay.
They have just been in contact to say that the current fund they reccommended CF Miton Arcturus is under-performing and they want to suggest a move, the holding is small - £5000 approx , but they are talking about giving them a cheque for 3% of the fund and I am reluctant to pay. Am I able to move this fund to a new provider on my own and sever the connection with them ?
They have just been in contact to say that the current fund they reccommended CF Miton Arcturus is under-performing and they want to suggest a move, the holding is small - £5000 approx , but they are talking about giving them a cheque for 3% of the fund and I am reluctant to pay. Am I able to move this fund to a new provider on my own and sever the connection with them ?
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Comments
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Am I able to move this fund to a new provider on my own and sever the connection with them ?
yes you are.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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