Transferring old DB scheme into a Sipp without a positive IFA recommendation

anselld

Dale72 said:

There you go, i've ammended.

It is still incorrect...  "without a positive recommendation" is not the same as "with a negative recommendation", not least due  to the cost involved.

Dale72

This is good, its keeping it high up the board without me having to post spurious updates, good thinking.

Thrugelmir

Diplodicus said:

jamesd said:

There are at least two other transfer against advice routes:

1. Standard Life provided the adviser is willing to do the transfer.
2. Setting up a small self-administered scheme, there are businesses which do the grunt ant managing work for you.

1. And there’s the rub, given that the adviser is likely to have been motivated to provide a recommendation not to transfer by fear of incurring a claim liability, 

Why bother to undertake the line of business at all if there's concerns over potential liability. Plenty of better ways of spending time more productively. Motivation is to generate profits not to pander to clients demands.  

Dale72

Hmm, interesting.