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FCA: DB transfer advice shouldn't cost more than £3,500
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I can’t answer your question but those fees sound an absolute joke , find another IFAAn IFA has quoted fees of £22,500 + 0.75% per annum ongoing fees to transfer my 3 defined benefit pension pots into a SIPP (of their choosing, not mine). Transfer values amount to just over £500k for the 3 DB pensions.
How can I find a cheaper IFA?
I am so stunned at the astronomical costs that I am thinking it would be cheaper to take the IFA exams and advise myself. Does anybody know if this would be allowed or has anybody actually done it?0
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