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Need a fixed fee IFA for sipp drawdown advice

TheSecretLemonadeDrinker · 2026-04-22 19:44:49

Hi, I’m in the fortunate position of having a sipp which will provide the 25% tax free max LTA amount. I would like to pay a fix fee to an IFA, who can give me the pros and cons of how manage a drawdown strategy ,taking into account my specific circumstances. Can anyone recommend an IFA they have used ? I spoke to a couple…

Comments

dunstonh Posts: 121,297 Forumite

24 April at 12:54PM

https://forums.moneysavingexpert.com/discussion/comment/81975675#Comment_81975675

Probably not as targeted advice is about matching ready-made products. Without a full suitability assessment. E.g., given you're age 55 to 60, still working, and have X pounds in your pension, here are some suggested actions.
There is also simplified advice currently under consultation. However, that doesn't appear to fit either, as that allows simplified advice where the product held and investments held fit the target market assessment.

I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.

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