Pension pot

[Deleted User]

DairyQueen wrote: »

An IFA is unlikely to recommend because in 90% of cases it is a bad idea.

Two blithe assumptions.

It very much matters what the IFA recommends. Would you consider it 'a simple courtesy' if a solicitor or accountant signed a form saying that you had received their advice but had chosen to ignore it?

Yes. We employ them, not the other way round.

Which suggests that you have zero understanding of the time and expertise required to provide this type of independent professional advice, nor of the nature of indemnity insurance.

"Isn’t it a cool system that the customer gets to pay extra because the adviser might be incompetent?"
Originally posted by Mordko
I suggest the OP, if certain of his course, finds an adviser who will charge reasonably (less than £1k) contingent on a positive recommendation.

You have yet to learn that hubris is the biggest danger in financial decisions.

Guilty.
But I give humble thanks every day that I saw through and did not accept the original negative recommendation because I would already have foregone £XXXXX in subsequent gains to the value of my pension.
However, I am still coming to terms with what appears to be a fairly indigestible mixture of self-interest, conceit and sanctimony dished up by financial advisers and their apologists.

atush

Ken-b wrote: »

Hi, thanks again..
Transfer value £47k
Lump sum £6.5k and a yearly pension of £971 per year.
Full pension of £1521 per year.
Not large sums I know but that’s life.

Are you both planning on working til you drop? If you cash in both, what will you live on?

The SP is quite small, have you both done a pension forecast? Is she still working?