Stay with SJP or move to Prudential or somewhere else...

Malthusian · 1 March 2019 at 1:39PM

fjh wrote: »

Also have found it difficult to follow the 'value' of the Pru funds as other holdings e.g vanguard update daily Pru don't .

The whole raison d'etre of the PruFund With Profits funds is that the true value is hidden from you so you don't have to worry your pretty little head about market movements.

fjh · 1 March 2019 at 3:53PM

dunstonh wrote: »

All of which was predictable. Indeed, I mentioned it in a reply to one of your posts back in 2017 that Pru is not a great option.

Fair point- but that was the recommendation of the IFA who did the TF and indeed the 2nd IFA the regulator insisted second checked the TF and proposed the portfolio .
I will be reviewing .

dunstonh · 1 March 2019 at 4:12PM

but that was the recommendation of the IFA who did the TF

You can see my views (and others) without the need for me to repeat.

It would easily tick a "suitable" box but it doesnt make it best.

and indeed the 2nd IFA the regulator insisted second checked the TF and proposed the portfolio .

How was the regulator involved? That is worrying as they tend to only get involved in cases they have concern about or where a trend has been potentially identified.

fjh · 1 March 2019 at 4:17PM

I was told that the regulator was reviewing such TF's - I have letters from 2 IFA's the one that did TF and the 2nd who was asked to overview - whilst I am grateful for protecting my interests it delayed the TF .
The 'regulator' review was around March 2018.

JonathanBFS · 1 March 2019 at 8:42PM

We’ve just helped a client with getting the exit charges removed. Speak to a reputable local independent ifa. With the correct letter SJP will remove the exit charges, they have set a precedent.

fred246 · 1 March 2019 at 10:30PM

Sunmax - most people are actually happy whether they use SJP or and IFA. That's because the stockmarket on averages performs better than it has in the last couple of years. So SJP or the IFA always gets their cut and then you get what's left. That amount whether with SJP or an IFA is normally enough to keep you happy. You are unhappy with the stockmarket and are taking it out on SJP. SJP are a FTSE 100 company so they like a lot of profit. IFAs are spivs that also like a lot of profit. IFAs often charge more than SJP if they can get away with it. So you either go with SJP or an IFA and negotiate their fees as low as possible. The other option is DIY where you keep all the profits but you then have to manage your own funds. Your questions have demonstrated that at the moment you don't have the knowledge to handle £800K.