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Useless Financial advisor

BigDarren · 2022-07-17 23:49:14

I was in two minds whether to write this post or not, I believe I have been mislead by a Financial Advisor and there has been many redflags. I set up an investment which i was told was very low risk 4 years ago and the advisor in the room on the day said it's a very low risk investment It shouldn't lose you any money and…

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Albermarle Posts: 27,469 Forumite

19 July 2022 at 2:19PM

My company pension is down 5% worst it's performed since inception.
The large majority of pension funds are down 10% to 15% in 2022, sometimes more. Unless you mean over the last 12 months, then a 5% drop would be a bit higher than average.
Also presumably it has grown a lot more than 5% in the last few years ,as we have been through relatively boom times ( with the odd blip)

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Useless Financial advisor

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