Fisher Investments UK - opinions?

masonic

Whereas a low cost global index tracking ETF like SWDA is up 23% YTD. Choosing an active manager is risky business and unnecessary.

incus432

gm0 said:
The issue finding a good IFA is that the directories of such have largely turned into lead generating paid advertising sites (charging the firms now established after a free period initially). So many IFAs are no longer on them as they don't regard the quantity and quality of leads generated as worth the fees now charged to be included.  The directories are (for the consumer) free but full of wealth managers and FAs and only a subset of independents but not *necessarily* the best, the more established, or the cheapest of those.  Quality is not really a selection criteria.  Directories have started a premium listings feature now based on review farming and astroturfing of reputation.  More time on digital marketing by the IFA/FA firm to get and stay up the list.  Effort and directory subscriptions needs paying for from somewhere.  i.e. from prices i.e. from your fees.

Hard agree with all this post but this in particular. Unbiased and VouchedFor are utterly useless and full of very expensive 'Wealth managers' who only want the high fees of advising on and ongoing management of large portfolios. FInancial advice seems to have become restricted to the very rich.  I eventually found an IFA just by searching locally

DragbertOLeary

Reading this thread I am now persuaded not to go with Fisher or similar (thanks for the advice) and I like the sound of picking a low cost global accumulation tracker fund to park my pension in (thanks again to masonic et al).  Any thoughts on how to make it happen? Do I need to move to a SIPP and choose a fund? Or can any pension provider do this if I ask? 

masonic

Most pensions will include low cost index tracking options, so you can probably keep the existing pension and just switch funds, unless you think you can save on costs by transferring the pension. If transferring, then you would apply to the new provider to arrange this (after checking you won't be losing any desirable benefits in switching, such as a protected retirement age).