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

[Deleted User]

I used Pensionhelp via a local IFA who referred me to them. The fee on £180k was £5k, Pensionhelp gave £2k to the refererring IFA, I am not using either's services one going. The process is long! You need an IFA before you get the CETV otherwise you will run out of time (the CETV has a 3 month limit

omelettesandeggs

Deleted_User said:

I used Pensionhelp via a local IFA who referred me to them. The fee on £180k was £5k, Pensionhelp gave £2k to the refererring IFA, I am not using either's services one going. The process is long! You need an IFA before you get the CETV otherwise you will run out of time (the CETV has a 3 month limit

Thanks for this, which IFA did you use?

[Deleted User]

omelettesandeggs said:

Deleted_User said:

I used Pensionhelp via a local IFA who referred me to them. The fee on £180k was £5k, Pensionhelp gave £2k to the refererring IFA, I am not using either's services one going. The process is long! You need an IFA before you get the CETV otherwise you will run out of time (the CETV has a 3 month limit

Thanks for this, which IFA did you use?

Just a local one that advertised saying they did DB transfers
Just search google 

[Deleted User]

Contact Pensionhelp directly first. 
You don’t want to waste £2000 on a referral if Pensionhelp will deal with you.

[Deleted User]

ZingPowZing said:

Contact Pensionhelp directly first. 
You don’t want to waste £2000 on a referral if Pensionhelp will deal with you.

The cost was £5k direct or £3k plus the referral of £2k. Whichever way you look at it - it's still £5k.
(It's based on 3%)

[Deleted User]

What involvement did the IFA have in the process, Deleted_User?

Joey_Soap

ZingPowZing said:

What involvement did the IFA have in the process, Deleted_User?

He paid £2000 into his account.

Tammer

Hello, did you have to transfer to a stakeholder in the end or could you transfer directly to your intended Sipp? 

RoadToRiches

Joey_Soap said:

ZingPowZing said:

What involvement did the IFA have in the process, Deleted_User?

He paid £2000 into his account.

That's what really bugs me, paying for something that is not necessary cause some regulator has to stick his nose in my business to get a transfer done when I know what is right for me.

[Deleted User]

ZingPowZing said:

What involvement did the IFA have in the process, Deleted_User?

None