Understand your reasons
The flexibility is more important than the fixed income for you.
Sanlam are a sizeable outfit, I forgot to mention that AVIVA also provide DB pension advice.
The problem is they will charge you for the advice irrespective of whether they recommend you switch the pension....so you could shell out hundreds/thousands and still not be able to move it!!
This strictly speaking is how all DB advice should be given as it reduces conflict of interest.
We always gave people an initial idea of whether it was likely we would recommend they should switch as it meant people didn’t commit to paying for advice without the desired outcome.
If you are desperate to move it I would suggest you phone round local IFAs, I’m certain there will be the odd one who still gives this advice.
Make sure you ask how they charge and whether they will give you an initial view of whether it’s likely they would suggest a switch - saves wasting time and money.
Always happy to assist!
Posted By: JoeyDeacon on January 21st 2021 at 18:35:37
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
Reply to Message
In order to add a post to the WotB Message Board you must be a registered WotB user.
If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.