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taking back control from IFA

Stepatatime
Stepatatime Posts: 1 Newbie
in Savings & investments
I have money invested in an investment bond on the advice of an IFA. I would like to take back control of it, but the company it is invested in doesn't deal with individuals, just with IFAs. How would I go about transferring my money?

Thanks in advance,
Stepatatime

Comments

  • jem16
    jem16 Posts: 19,704 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Stepatatime wrote: »
    I have money invested in an investment bond on the advice of an IFA. I would like to take back control of it, but the company it is invested in doesn't deal with individuals, just with IFAs. How would I go about transferring my money?

    Thanks in advance,
    Stepatatime

    Can you give some more detail on the Investment Bond?

    Who is it with? When was it taken out? Are there any exit charges?

    What would you plan to do with the money instead?
  • dunstonh
    dunstonh Posts: 120,033 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    How would I go about transferring my money?

    You cant just transfer investment bonds. It would require surrender which could create charges and a tax liability.
    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.
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    What sort of transfer do you want to do?

    Within an investment bond there are often lots of investment choices, so changing investments inside a bond is often quite easy.
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