Pension has finally landed - As an insistent client acting against advice -*DOORS CLOSED 03/09/2021*

xylophone

I don't think it is the case. I've started a new thread so information doesn't get buried in the bickering from some parties on this very long thread! 

https://forums.moneysavingexpert.com/discussion/comment/78653298/#Comment_78653298

xylophone

Still some doubt?

https://forums.moneysavingexpert.com/discussion/6301726/confirmed-stakeholder-pension-which-accepts-insistent-clients-and-offers-drawdown#latest

Diplodicus

Marcon said:

DeadlyD said:

Diplodicus said:

In the main, without a recommendation to transfer, clients currently are unable to transfer.

Do you agree with that, xylophone? 

That appears to be the case and back to my original point unless I can obtain the recommendation and an IFA won’t give me a guarantee of that prior to spending £6k. It’s just wrong. 

Question do I absolutely need an IFA to agree for the transfer as an insistent client into the Stakeholder? 

I don't think it is the case. I've started a new thread so information doesn't get buried in the bickering from some parties on this very long thread! 

See my post of a few minutes ago: 
https://forums.moneysavingexpert.com/discussion/6301726/confirmed-stakeholder-pension-which-accepts-insistent-clients-and-offers-drawdown/p1?new=1

Prudential no longer offer individual Stakeholder Pension Plans. 

Marcon

Marcon said:

DeadlyD said:

Diplodicus said:

In the main, without a recommendation to transfer, clients currently are unable to transfer.

Do you agree with that, xylophone? 

That appears to be the case and back to my original point unless I can obtain the recommendation and an IFA won’t give me a guarantee of that prior to spending £6k. It’s just wrong. 

Question do I absolutely need an IFA to agree for the transfer as an insistent client into the Stakeholder? 

I don't think it is the case. I've started a new thread so information doesn't get buried in the bickering from some parties on this very long thread! 

See my post of a few minutes ago: 
https://forums.moneysavingexpert.com/discussion/6301726/confirmed-stakeholder-pension-which-accepts-insistent-clients-and-offers-drawdown/p1?new=1

Apologies - I was wrong and have amended my previous thread. The Pru is not open to new stakeholder business, but will accept transfers in from DB schemes where someone already has a Pru stakeholder. That's no help to anyone who hasn't, and I'm sorry if I raised false hopes.

xylophone

If i was looking now, I'd used PensionBee I think

Not if you were an "insistent client".

https://forums.moneysavingexpert.com/discussion/comment/78582408/#Comment_78582408

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. 

DaveT55

Pleased to report that the transfer of our DB pension on an insistent client basis has completed and funds transferred. Went right down to the wire on 3 month CETV deadline. Ended up having to pay for two lots of DB transfer advice, as the UK IFA willing to facilitate the transfer needed to use his own Pension Transfer Specialist to satisfy his companies professional indemnity insurance. Also involved an overseas FA to find us the UK contact in the first place.

In summary - Horrific, drawn out and expensive process. Must have made in excess of 150 phone calls to find someone that could help, but didn't give up and got what we wanted in the end. 

Thankful that both of our DB pensions are now transferred and will never need to go through this again.

holty_40

Dave t55 can you provide the name and tel no of the ifa pls