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 “advice” 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 😞
Have you got many years until the pension’s standard retirement age?
Posted By: JoeyDeacon on January 21st 2021 at 16:02:43
Message Thread
- PM JUMBO1 (General Chat) - JoeyDeacon, Jan 21, 16:02:43
- Hello Joey (General Chat) - Jumbo1, Jan 21, 18:12:46
- Some thoughts (too many) from someone who has been there done that (General Chat) - biffbro, Jan 21, 19:21:06
- Understand your reasons (General Chat) - JoeyDeacon, Jan 21, 18:35:37
- A bit of advice (General Chat) - Larry Hagman, Jan 21, 16:35:43
- There is a value called a CETV (General Chat) - JoeyDeacon, Jan 21, 16:46:23
- Hello Joey (General Chat) - Jumbo1, Jan 21, 18:12:46
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