We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Self Invested Pension
Comments
-
There are so many different types of occupational scheme and each has different pros and cons that it would be inappropriate to give anything beyond general comments or clarification. A safer approach would be to get the advice first and then clarify things here if desired. Rather than the other way round.Of course, not all IFAs will do pension transfers, not because of the risk, but because they don't have good enough exam qualifications.Only senior IFAs are allowed to advise in this area
I did over 200 pension transfers last year. An IFA 500 yards down the road from me with the same qualifications wont touch them because of the impact it would have on his PI cover. He wouldn't do enough of them to justify the significant increase in cost for dealing in that class of business.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards