Personal Review questions

Brambleberry

Hi everyone,

My teaching union regularly sends offers for no-obligation personal reviews from Wesleyan and I know a few colleagues who have taken this up and found it useful.
I'm thinking of doing so myself, I still have a good 30ish years to go, but I would like to be as prepared as possible so that I can make good use of the service, I have two general questions that I hope you can help me with:

1 What information /paperwork would they (or any FA) expect me to have to hand at the meeting?

2 What questions should I be asking them?

Thank you,

Bb

LHW99

Be aware that Wesleyan are not independent, but "offer you advice on a limited number of products provided either by one provider or a limited number of providers."
http://www.wesleyan.co.uk/pdf/73086/about_our_services_and_costs

badmemory

As posted by LHW you need an INDEPENDENT financial advisor not a financial advisor who can only sell you what they've got.

To put it another way - if they contact you - don't go there!

dunstonh

My teaching union regularly sends offers for no-obligation personal reviews from Wesleyan and I know a few colleagues who have taken this up and found it useful.

That is because the union gets a cut of any products and fees involved in the sale of products.

The problem with this sort of advice distribution method is that it attracts generally low skilled advisers who are relatively new to the industry and have a sales pressure on them. It generally involves driving long distances to do evening calls where you dont earn unless a sale of product takes place. Plus, they are not independent.

Brambleberry

Thanks for your replies and insights into their industry, might look for a decent IFA during the next few months instead.