I can't find an IFA to help me

Thrugelmir

ITman2 wrote: »

You're right, it's assumptive. Out of interest, what return do ppl here assume when forecasting their pensions?

Don't assume anything. My old frozen DB schemes will provide me with a secure base income. Whether I draw them for 2 years or 30 years. Likewise my partner will continue to receive something from them should she outlive me. My other investments, such as the SIPP are the icing. If they perform well. I'll travel more and experience life while I can. If they don't. Then I'll have no regrets. As having lots of money isn't essential to a happy life in my personal opinion. As one gets older. One learns through experience that other things are far more important.

Albermarle

Be prepared to cough up £4/5k for the advice, which might be not to transfer

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From other threads on here , I understand that even if the IFA recommends not to transfer , the OP could then still go ahead and do it , as he has taken the mandatory advice . Although again might find it then more difficult to find someone to do the actual transfer and find a pension provider who will accept the money
By the way I was offered 31 times but did not progress it . To be fair the DB conditions are good ( RPI /max 5% and 7 0% spouses pension ) but even without that 22 is a poor offer in my opinion

Chickereeeee

What I also like about DB pensions, even small ones, is that, together with the state pension, they can give you a firm base from which to base other investment decisions, possibly replacing a bond allocation, either partly or wholly.


K