final salary pension scheme

coyrls

Brogden wrote: »

I'm sorry....I know that you know what you are talking about. From the point of view of pure £'s value throughout the years (if you live :eek:) the DB scheme is probably never going to be beaten.

It's just typical of internet forum discussions that nothing ever seems to be said 'in the round' if you know what I mean. This is a huge and emotive subject and a few pointed little posts just don't really cut it and we can all be guilty of that.

We are living in a contrived framework where advisers are personally afraid (or precluded from) advising on certain matters. It is one of the many modern contradictions of life and there are others springing from the consumerist / nanny-state / politically correct brigade too.

Seemingly nobody can think for themselves.

Well in this instance it seems that the IFAs are thinking for themselves and not getting involved.

dunstonh

coyrls wrote: »

Well in this instance it seems that the IFAs are thinking for themselves and not getting involved.

And on the evidence of the information given on this thread, you cannot blame them.

Brogden

coyrls wrote: »

Well in this instance it seems that the IFAs are thinking for themselves and not getting involved.

Well that little snippet has certainly perked up the thread.

If I may correct you.......thankfully some are involved........admittedly many are not.

I have empathised as much as I can so it beats me why a snipe like that is required...............

mgdavid

Brogden wrote: »

Well that little snippet has certainly perked up the thread.

If I may correct you.......thankfully some are involved........admittedly many are not.

I have empathised as much as I can so it beats me why a snipe like that is required...............

Brog why did you take that as a snipe?
Coyrls is just quoting the OP from post #1:-
"I have been to 4 IFAs and they all say they will not touch it with a barge pole."

mccarthy1

Hi
thanks to all who have contributed to this thread
I have decided to take a tax free lump sum and have my pension paid monthly and invest that money where I think it will benefit me most. My next dilemma will be where to invest.? Perhaps that can be my next thread??????
Stick it in Santander 123, get 3% , put some in Nationwide, get 5% and some in M&S get upto 6% and have a little dabble in shares. That should keep me quiet for a while.

Thanks again

dunstonh

I have decided to take a tax free lump sum and have my pension paid monthly and invest that money where I think it will benefit me most. My next dilemma will be where to invest.? Perhaps that can be my next thread??????

Have you considered a pension. Perhaps like the one you have as that seems to be the best option.

Brogden

dunstonh wrote: »

Have you considered a pension. Perhaps like the one you have as that seems to be the best option.

Behave :mad::mad::mad::mad::mad:!

mccarthy1

Yes, behave. LOL

Going to buy a boat and car, go on holiday and probably waste the rest..........

xylophone

The IFA presumably (hopefully) charged a significant fee for doing a transfer value analysis and providing a formal recommendation.

The client would at least have the right to a receipt for the fee paid for financial advice in respect of the pension?

One assumes that this would be on the IFA's business writing paper.


The client is then able to demonstrate that he has taken advice - that is all he has to demonstrate to the Trustees?

Does giving a receipt make him liable?

cheesetoast

How is it making the IFA liable if they write a letter saying:

"Dear Mr Customer,

You asked us about transferring your DB pension out to a DC one. We really don't think it's a good idea, but obviously it's your choice.

Sincerely,

Mr I.F. Advisor"