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Beneficiaries of pension

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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? 

Comments

  • Keep_pedalling
    Keep_pedalling Posts: 20,993 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    I think your question would be better off posting over on the pensions board.
  • LuckyTree
    LuckyTree Posts: 22 Forumite
    10 Posts First Anniversary
    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!
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