Virgin money

whitepaper

I see you are an IFA, dunstonh.

Sadly my past experience has not been good. You seem to think you have all the answers (like the other IFA assured me he had, but failed to deliver on)

Well let me propose a deal with you:

You find me a product that will outperform the Virgin pension fund.
In return, I will allow you 50% of any annual growth over and above that which the Virgin fund would produce.

What I want in return, is a cast iron guarantee from you in the form of independent insurance that you must provide at your cost that will guarantee any loss of growth in the year in your proposed product compared to that I could have earned with Virgin.

Do we have a deal?

whitepaper

Come on

DEAL or NO DEAL???

dunstonh

I see you are an IFA, dunstonh.

Sadly my past experience has not been good.

25,000 IFAs today. More than double that in the 90s. You have experienced one yet there doesnt appear to have been anything wrong with the advice you were given other than the products recommended showing their age years after purchase.

You seem to think you have all the answers (like the other IFA assured me he had, but failed to deliver on)

You are not listening to the answers though.

You find me a product that will outperform the Virgin pension fund.
In return, I will allow you 50% of any annual growth over and above that which the Virgin fund would produce.

Thats easy given how poor the virgin tracker is.

Do we have a deal?

No. Because it would be bad investing and I am not risking compliance with such poor advice.

whitepaper

dunstonh wrote: »

...No. Because it would be bad investing ...

I agree, it probably would be, hence the requirement for insurance to avoid any loss compared to the Virgin pension.

All mouth and no trousers springs to mind

xylophone

Could I get advise from a high street bank maybe ?

But you already have an appointment booked with an independent financial adviser qualified to advise on pensions?

Incidentally, does your employer offer a pension scheme?
https://www.moneyadviceservice.org.uk/en/categories/pensions-and-retirement

atush

Whitepaper, give it up.

I am not an IFA (but a former scientist) and agree with Dunston Completely.

And to suggest, he should perform a paid serivce to you for free, or recompense thru this forum is not only absurd, but illegal. And the extra taunting post was just, well, childish.


you did well to get out of your oldest pension,but Virgin was probably not a good choice- you could have done much better with others.

And yes, you might have done well to consult a different IFA.

As long as you are happy, please do stay where you are. but if you recommend to newbies to go with an expensive, low choice operator, you will get many who disagree with you and shoot your comments down.

And please calm down and read up and stop insulting people.

dunstonh

whitepaper wrote: »

I agree, it probably would be, hence the requirement for insurance to avoid any loss compared to the Virgin pension.

All mouth and no trousers springs to mind

So you agree it is bad investing yet you continue to stand by it. Why?

whitepaper

atush wrote: »

Whitepaper, give it up.

I am not an IFA (but a former scientist) and agree with Dunston Completely.

And to suggest, he should perform a paid serivce to you for free, or recompense thru this forum is not only absurd, but illegal. And the extra taunting post was just, well, childish.


you did well to get out of your oldest pension,but Virgin was probably not a good choice- you could have done much better with others.

And yes, you might have done well to consult a different IFA.

As long as you are happy, please do stay where you are. but if you recommend to newbies to go with an expensive, low choice operator, you will get many who disagree with you and shoot your comments down.

And please calm down and read up and stop insulting people.

Well, I would probably be happy to open up the deal to you too, but I'm not sure you could get any suitable indemnity, not having any suitable financial qualifications.

If you can, and you are interested, do let me know.

whitepaper

dunstonh wrote: »

So you agree it is bad investing yet you continue to stand by it. Why?

No, you turned the deal down I thought.

I'll let you change your mind if you like

I'm happy to stand by what I consider a good investment ... but if you genuinely think there is a better alternative, there could be money in it for both of us
(but you can see why I would require some form of indemnity)

atush

Paulie29 wrote: »

Cheers for advise guys.
Can anyone recommend a good pension provider then ?

Could I get advise from a high street bank maybe ? And would there be a charge for that ?

Cheers

The last place you should look for financial advice is your bank (or any high street one).

Here, an IFA, and other sources (such as your employer) could all be better. There are some great low cost internet alternatives, but those might be better for those able to choose their own investments.

If you feel you cannot do this, and your employer doesn't have a pension scheme (although they will have to very soon) then payng for advice thru an IFA (not an FA from your bank) could be the way to go.

The very best pension, is one that your employer pays into for you. And even better, is Salary Sacrifice where they (and you ) save NI as well as tax.