Should I take new pension advice

gadgetmind

dunstonh wrote: »

It should be noted that your fees do not include adviser charge.

How many thousands a year would it cost for someone to get this servicing on a fee rather than percentage charging system?

That said, if you are paying for ongoing servicing, you dont expect to be hit for an initial charge at the same time. Its typically one or the other.

Ahem, initial *charges* plural in this case!

Cybermush

Once again a big thanks to all. It's interesting reading the comments. I really wasn't keen on the proposed changes from the outset and reading the comments here has only proved that.

Perhaps I should have had my suspicions when he greeted me by picking me up and shaking me to see if I rattled! :rotfl:

Just kidding, but in all fairness I'm not going to name and shame him, his advice might be right to some people, and perhaps if I hadn't paid to do this 4 years ago I wouldn't have minded.

I'm disappointed I didn't get any kind on pension forcast or any kind of paperwork from the meeting and I guess we'll never know whether he would have admitted exactly who's pocket this 3% charge would have ended up in as I was on the ball!

I'm just not sure about the DIY route yet. I have 20-odd years left and I plenty of chance for me to muck it up as I don't really know what I'm doing!

Perhaps when we get in the last few years I'll give it a go... what could possibly go wrong then!

I've decided to keep things as they are, seems like 1.37% isn't too far off the mark, and that will only drop as the pension increases. I'll be swapping advisor's though as I don't think there is any point in keeping the same one and then not following his advice.

Big thanks to everyone who's helped :T