Who will accept a DB to SIPP transfer from "insistent client"

Diplodicus

Ah right, thank you both, I stand corrected. Things have changed in that respect - quite rightly.

stardust23

RoadToRiches said:

PensionBee will want to see that you have taken full regulated financial advice.  They don't care what the decision is, your responsible for your own actions at the end of the day.  They will want to see the IFAs report though.  And your DB pension scheme would most likely require confirmation from the IFA you have taken advice too.

Great, thanks.

stardust23

Malthusian said: Ignoring the fact that inflation is low, taxes are about the same as they have been for decades, and our massive debt is perfectly workable which is why countries are still willing to lend money to our Government almost for free: none of that explains why you want to invest in shiny metal and not other real assets with a yield.

Keep burying your head in the sand.

"Our massive debt [two trillion] is perfectly workable" LOL

If you don't want to see that the fiat currency system in the west is being destroyed, so then so be it.

Pablo7474

Have you got experience of investing and also investing in metals? I think you are going to struggle to get positive advice to transfer. 

DaveT55

Pension Bee are no longer accepting DB transfers against transfer advice. I'm just off the phone to them. They claim they made this decision in the last few days according to the lady I spoke to. 

HappyHarry

DaveT55 said:

Pension Bee are no longer accepting DB transfers against transfer advice. I'm just off the phone to them. They claim they made this decision in the last few days according to the lady I spoke to. 

Now in their FAQ:

Can I transfer a defined benefit pension to PensionBee?

If your old pension has guarantees, such as guaranteed annuity rates or a final salary promise, we will send you the full paperwork to review before we transfer it.

If you have a pension with guaranteed benefits over £30,000, you are required to take financial advice from an independent financial adviser (IFA) before you transfer it. Where you are required to receive advice, PensionBee will only be able to accept the transfer if the IFA has advised that the transfer should proceed. We will require evidence of this positive advice before proceeding with the transfer. PensionBee does not provide financial advice and you will need to find an adviser.

Prism

Well, at least stardust has been deterred from making a silly mistake.

Pablo7474

Poor stardust, all that fancy silverware he could have bought. 

stardust23

Pablo7474 said:

Poor stardust, all that fancy silverware he could have bought. 

Rather that (and crypto) than fiat money, which will be worthless soon.

Malthusian

stardust23 said:

Pablo7474 said:

Poor stardust, all that fancy silverware he could have bought. 

Rather that (and crypto) than fiat money, which will be worthless soon.

The people you plan to hand over your worthless DB pension to in exchange for shiny metal and crypto don't seem to think so. Suckers lol.