Gaining control over my pension

xylophone

So you do not agree, xylophone.  For example, you think DeadlyD would be able to transfer on the back of a recommendation not to transfer. Is that correct?

From previous discussions, it would appear that there are options available.

Would you be so kind as to map out the route, xylophone?

Those options have been mentioned in earlier threads.

Indeed, it may be possible to find an IFA who will assist an insistent client (or  so DD has been told).

It is certainly not within my skills or remit to map out a route and even were I a financial adviser (which I am not and nor do I have any connection whatsoever with a financial adviser), it would not be permitted by forum rules.

DeadlyD

I will ask the independent IFA (or FA ??) appointed by UKPensionhelp (facilitator or such for finding the right advisor) how this is possible ie if I am an insistent client how will he transfer and to which fund would he recommend. Lets see if I get a straight answer. 

xylophone

And another thought, had it occurred to you that even if there were no advice requirement, there could be many providers who simply would not take on a DB transfer? 

Diplodicus

xylophone said:

So you do not agree, xylophone.  For example, you think DeadlyD would be able to transfer on the back of a recommendation not to transfer. Is that correct?

From previous discussions, it would appear that there are options available.

Firstly, the idea that an ordinary client would form a limited company and manufacture an SSAS, or pay £1500 for the service before engaging an IFA is unrealistic.
Secondly, the idea that an organisation like the Pru or Aviva would allow an individual to throw them £20 to open an a stakeholder pension, then crowbar in their DB pension as an insistent client, then fight the case in court is fantasy.
Is there a third option for clients about to be served a recommendation not to transfer?
As long as the idea of a viable route exists, do you actually care, xylophone? 

Would you be so kind as to map out the route, xylophone?

Those options have been mentioned in earlier threads.

Indeed, it may be possible to find an IFA who will assist an insistent client (or  so DD has been told).

Again, so long as it supports the existing DB transfer advice business model, no qualms?

Diplodicus

Well, it is to readers who may take reports of "available options" or "a bit of a faff" at face value.

xylophone

Again, so long as it supports the existing DB transfer advice business model, no qualms?

Qualms are not germane to the issue under discussion.

Diplodicus

xylophone said:

Again, so long as it supports the existing DB transfer advice business model, no qualms?

Qualms are not germane to the issue under discussion.

Really? The issue under discussion is the practicality of transferring a DB pension. Contingent charging has been banned, because financial advisers could not be relied upon to deliver an honest assessment with that inducement in front of them. Are you saying any other means of transferring  - regardless of ethics - is legitimate. Really?

xylophone

You said

Again, so long as it supports the existing DB transfer advice business model, no qualms?

Qualms about supporting the model?

I gave no opinion on whether or not I supported the model.

I gave the facts of the matter.

My opinion on the model is quite irrelevant.

xylophone

xylophone, do you really think anyone but your IFA groupie buddies can't see you for the shill that you are?

I believe that I have already stated that I am not an IFA/FA and that none of my relatives/friends/acquaintances are IFAs/FAs.

I have just looked up the word "shill".

Apparently it means

an accomplice of a confidence trickster or swindler who poses as a genuine customer to entice or encourage others.

That is abusive and I have reported your post.

Diplodicus

xylophone said:

You said

Again, so long as it supports the existing DB transfer advice business model, no qualms?

Qualms about supporting the model?

Good morning. Sorry I did not make that clear, xylophone, I meant qualms over using the reported IFA promise to DeadlyD to suggest a possible way forward for insistent clients.

I gave no opinion on whether or not I supported the model.

Since c 10% of your historical output advises “search for local Financial Adviser” and “tick Independent” I don’t think there is much doubt about where your natural sympathies lie.

I gave the facts of the matter.

From your perspective, as one sympathetic to IFAs, underplaying the difficulties facing anyone who wishes to navigate a transfer. Thanking others who describe the predicament as “a bit of a faff.” In concert with others, you counsel an easier course than circumstances allow. 

My opinion on the model is quite irrelevant.

Not altogether so. Because readers come to this board as potential customers in this business of DB pension transfers and it is important that those who post from a position of authority paint a realistic picture. 
You say that - in the main - insistent clients are able to transfer. I say, forewarned and forearmed their chances are slim and otherwise zero.