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Do I need a Financial Advisor
tfoz3113
Posts: 1 Newbie
I have 2 pension pot's one of £11,253.54 and one of £14,300.00 and want to combine them together do i need a fincial advisor to do this as i have phoned one company up and said i do.
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Comments
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You dont need a financial adviser unless the company you are choosing to transfer to only retails their product via advisers.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
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No need. It's the sort of money that you might want to transfer yourself to Hargreaves Lansdown, or Cavendish Online, or one of their competitors. Just visit their websites.
To see who you can expect to be good value for you visit the monevator blog and find their most recent comparison post.Free the dunston one next time too.0 -
and don't forget the advisor will be skimming off a good 5% for the privilege of doing this for youYou dont need a financial adviser unless the company you are choosing to transfer to only retails their product via advisers.
Do it yourself - if you can post a message here you can ope a sipp yourself and invest it
Cheers fj0 -
No need but you should check each of them to find out whether it has a guaranteed annuity rate attached. Those are typically available only on pensions started before the year 2000 and can pay far more income than an annuity available on the open market today, sometimes even more than deferring the state pension would pay.0
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and don't forget the advisor will be skimming off a good 5% for the privilege of doing this for you
What is this 5% you talk of?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
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