35 yrs old and no pension, advice

carolineclair

Thanks again for all the advise.

I have been to an IFA today and hoping to meet with another next week. But I have been sent the Cavendishonline link (above) by a few people now and I just have a few questions as I would like to omit the large fee to the IFA company, however I dont want to be hasty and make a decision based just on not paying a fee if an IFA will be a better option.

Why is this so popular as opposed to other companies or going via Aviva direct?

Is it essentially the same as allowing a FA to invest on my behalf but without the additional large set up fee to the company?

Again im sure there are very simple answers to these questions but as a novice to financial decisions I just prefer to ask than guess and assume!

dunstonh

Why is this so popular as opposed to other companies or going via Aviva direct?

Going direct to Aviva (or most other insurers) does not get you the cheapest version of the product. The IFA version is the cheapest. Cavendish make that version available to you. Not that many IFAs use the products that Cavendish retails any more as they are starting to get long in the tooth.

Is it essentially the same as allowing a FA to invest on my behalf but without the additional large set up fee to the company?

Not quite. The IFA will do the investments as well. Cavendish will not. You must select investments. This is why it is cheaper. You are DIYing.