What qualifications - IFA pensions expert?

If someone wanted to see an IFA specifically for pensions advice, and forecasting advice on existing pensions - what qualifications should the IFA have to ensure expert knowledge of this difficult and boring subject?
If it sounds too good to be true, it probably is.

Replies

  • paylesspayless Forumite
    7K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    Its a called a G60 exam, part of the AFPC
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • PalPal Forumite
    2.1K Posts
    Boring!!!!!!?   >:(
  • paylesspayless Forumite
    7K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    Yes boring, but only slightly more boring than mortgages
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • paylesspayless Forumite
    7K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Forumite
    Although just because they have G60 does not mean they actually know what they are talking about.

    If want advice advice on existing pensions you may find paying a fee produces more impartial advice.
    Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.
  • icecoolbabeicecoolbabe Forumite
    1.4K Posts
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Forumite
    Fee paying is probably what I would need as I already have a final salary pension on the go.

    I just need a pensions expert to track down my forces pension and see if it's worth transferring it in to my existing pension or leaving it where it is.

    The last time I spoke to an IFA was some time ago about something else and I seem to recall him saying I would need an expert with certain qualifications if I was to go down this route of transferring etc..

    Watching the programme on ITV last night on pensions (Trevor McDonald) sort of made me think of this again.
    If it sounds too good to be true, it probably is.
  • PalPal Forumite
    2.1K Posts
    I don't think that Trevor Mcdonald has passed the G60 exam.

    Instead of paying an adviser, get a pension figure and a transfer value for your forces pension, the send it to your current provider and ask them if they will accept the transfer, and if so give you a quote.

    You might find the two quotes are directly comparable. If not, at least you have done some of the work for the adviser and saved some fees.
  • icecoolbabeicecoolbabe Forumite
    1.4K Posts
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Forumite
    Thanks.
    If it sounds too good to be true, it probably is.
  • If your fund is of any importance you really should consult an IFA. There is no way that the projections will be intelligible by a lay person and there is far more to pension transfers than just final figures. For example:
    * Death benefits on both schemes
    * Funding status of existing scheme (unlikely to be relevant for forces pension)
    * Transferring can occasionally RESTRICT the benefits you take (e.g. Post 97 benefits become protected rights)
This discussion has been closed.
Latest MSE News and Guides

The 'Ask An Expert' event

Last week's energy Q&A with MSE experts

MSE Forum

Ninja Kitchen air fryer & grill £175

Normally £250. Excl Northern Ireland

MSE Deals