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Annuities - Open Market Option
Comments
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Google it - but you need a weird sense of humour and an understanding of GermanTelegraph_Sam wrote: »What is a chill-out coach??
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The Money Advice Service figures are not binding, so should be treated with caution, particularly where a lot of manual information is put in.
And notoriously inaccurate. Although that is mainly as they are priced without economies of scale that an IFA would have.Some may (for all I know) be more unbiased than others and/or impose hidden charges.
The DIY versions include commissions and have no haggling.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 -
Says who? The OP in this thread did some DIY haggling: https://forums.moneysavingexpert.com/discussion/4846538The DIY versions include commissions and have no haggling.0 -
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Telegraph_Sam wrote: »I don't think what you say is agin my own point. If I can approach an (unknown possibly) IFA armed with my own preliminary online research such as from plutomoney (yet to investigate this one), I have a benchmark against which to judge his recommendations. If I don't, and I happen to be unlucky in my choice of IFA, then I'm up the creek. Conversely if the IFA can come up with a genuinely better deal, charges included, then I have the satisfaction of knowing that this was the correct course - or of course the option of walking away if I'm not satisfied.
What is a chill-out coach??
Money Advice Service is what you're asking for.
But as I was trying to explain, the IFA will let you know what shape of Annuity suits you best.
So the IFA comes first > then Money Advice Service > then back to the IFA when you see their quotes are best (!)0 -
Reveal my ignorance: Is Money Advice Service part of MSE or if not where does it live?Telegraph Sam
There are also unknown unknowns - the one's we don't know we don't know0 -
Don't reply - for MAS read Pluto!Telegraph Sam
There are also unknown unknowns - the one's we don't know we don't know0 -
Says who? The OP in this thread did some DIY haggling: https://forums.moneysavingexpert.com/discussion/4846538
So, this person got an extra £45. Nice but not a lot on that pot size. When I say haggling, we are talking 5-10% as the typical increase. Also, we dont know who the person used or how they bought it. If it was direct to provider then chances are it would not benefit from economy of scale pricing. So, the provider may have just moved from in-house pricing to a different level.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 -
See the other thread. It probably was 5-10%, he only had a small pot.So, this person got an extra £45. Nice but not a lot on that pot size. When I say haggling, we are talking 5-10% as the typical increase. Also, we dont know who the person used or how they bought it. If it was direct to provider then chances are it would not benefit from economy of scale pricing. So, the provider may have just moved from in-house pricing to a different level.0
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