We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Beneficiaries of pension
LuckyTree
Posts: 22 Forumite
Does anybody have any experience of beneficiaries of a Collective Retirement Account pension?
The deceased set the pension up through a financial advisor. The financial advisor has been dealing with the company the account is with and suggests they set up new accounts for the beneficiaries as part of their service to the deceased but the beneficiaries will then incur ongoing advisor charges on what is not a lot of money. Is there a way to set up a beneficiary flexi withdrawal account that can be self managed to save financial advisor fees?
0
Comments
-
I think your question would be better off posting over on the pensions board.0
-
Ok thanks for your help I have now posted there. I just thought since it was related to inheritance this was the place for the question!0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.6K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.6K Work, Benefits & Business
- 601.6K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards