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Must I use an IFA?

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Comments

  • Catweasel_2
    Catweasel_2 Posts: 6 Forumite
    I don't want to sound like a know-all because I am not and I am grateful for the feedback I have received as a newcomer to this forum but I am not in need of financial advice (not in this respect anyway) I just want the company to do what I am asking them.

    I have decided that it will probably be best to change my provider to one who will deal with me directly.
  • cheerfulcat
    cheerfulcat Posts: 3,412 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Catweasel, you might get a better response on TMF's Pensions board ( LINK ).
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Catweasel wrote: »
    I have decided that it will probably be best to change my provider to one who will deal with me directly.


    Sounds sensible to me. Who's the current one?

    Are you in a SIPP?
    Trying to keep it simple...;)
  • JoeK_3
    JoeK_3 Posts: 1,374 Forumite
    Catweasel wrote: »
    I don't want to sound like a know-all because I am not and I am grateful for the feedback I have received as a newcomer to this forum but I am not in need of financial advice (not in this respect anyway) I just want the company to do what I am asking them.

    I have decided that it will probably be best to change my provider to one who will deal with me directly.

    Well the good news is that we have identified that the company being used for the drawdown only deals with Independent Financial Advisers and they are protecting their position, both now and in the future.

    From your feedback it would appear that you need an execution only arrangement, one that allows you to tell the company what you want to do. Do be careful that you do not incur any exit penalties when you move the money in the drawdown.

    All the best and send some sun over here please.

    JoeK
    I am an Independent Financial Adviser.
    Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.
  • Catweasel_2
    Catweasel_2 Posts: 6 Forumite
    The company is Aegon/Scottish Equitable. I am not in a SIPP.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    Ah so.

    Have you got a load of protected rights (contracted out of SERPS) money in the pension?
    Trying to keep it simple...;)
This discussion has been closed.
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