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, Jan 21, 16:02:43