impossible to find FA for DB transfer

the question was about finding an IFA

I had a DB (I still have two more) and I transferred out of one of them.

I found an IFA they charged me 3% (the question was not the advisability of transferring that is the role of the IFA).

The advice from an IFA would identify the scheme and provide appropriate advice (that is why you pay the money).

Simples.

Anything else I can help you with?

'Anything else I can help you with?'

merely means would you like any more information.

Clearly I did not believe that 3% was a rip off because I went ahead and did it. I also offered in the posts above some perspective on the other rates I came across, also others joined into give examples of the rates they were charged so in lots of ways the contribution that I made carried the discussion forward on the issue of the availability of IFAs and the rates they charged ('rip off' or otherwise).

In addition someone contributed who said they wished to retire earlier than the scheme would normally allow, so did take a transfer value this was due to their own circumstances and their own judgement.

One IFA told me that he would happy to do the transfer if I could produce a letter stating that I would be 'dead in a year'. This type of personal information affects the decision and precisley why you should take advice.

I would advise everyone to take advice at the 'best' possible price/quality, 'discovering' a good price or a benchmark of a 'rip off' is presumably the purpose of MSE forums actually offering advice not so much.

I am absoulutely unabashed, unashamed and unapologetic about promoting greater transparency on the issue of the pricing of stautory IFA advice only by having greater transparency will consumers be able to make reasoned decisions.

Anything else I can help you with?

the approximate amount was just over 100k I do not think that 3% was a good price but it was the best price that I could reasonably find within the constraints (3 months) of the CETV letter.

There were other IFAs looking for up front fees but this fee came from the pot and I could be certain that it would go through. The IFA dealt with the matter efficiently and recieved the agreed fee so I am happy.

The list of IFAs specialising in pension transfers that I obtained appeared to include a number who did not do DB transfers but 'could facilitate' through an unamed third party. There appears to be a second wholesale market where IFAs send requests to other specialists who then sign off on the transfer at a wholesale price before charging the client a retail price.

The information could be much improved if IFAs made it clear whether they were qualified or not qualified to advise on a DB transfer. The IFA I choose was and it was clear within the professionalism of their report and their procedures that they completed in a timely way that they were.

Was it the 'best' price?

Probably not.

Was it the best obtainable price to complete the matter with certainty given my own circumstances?

Probably.

No idea what the issue is...

genuinely, is there anything else I can help you with?

My posting that I had found an IFA and the price they charged was arguably more relevant than the reference to Nigel Farage.

Anything else I can help you with?