PM JUMBO1

Did you mean IFA rather than FCA? (Your message below!)
We stopped providing advice on DB pension schemes around 6 months ago as we rarely recommended clients change these types of pension, and the annual indemnity insurance premium for providing DB advice was frankly eye watering!
Sadly there are a lot of unscrupulous โ€œadviceโ€ firms who have milked this area of advice at the expense of being honest with clients, and this will undoubtedly become the next financial services mis-selling scandal.
There are firms who do still give advice in this sector, but most have exited for the same reasons as us.
I wish I could recommend a decent firm who still give advice in this area, sorry ๐Ÿ˜ž
Have you got many years until the pensionโ€™s standard retirement age?

Posted By: JoeyDeacon on January 21st 2021 at 16:02:43


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