Pension Query

[Flip]

Err thanks I think. I've had a quick shufti on Google and I think it's a compliment. Well I hope it is.

I had no idea what the fuck he meant either

 

[Ludwig]

HI - I have a few pensions which are dormant so I spoke to a financial advisor, however I want to check he isn't taking my eyes out as I'm a bit suspicious.

I want to consolidate two pensions into one worth ~£130K, he did various research and has come up with a recommendation with charges of 0.45% from the provider - so far so good.

Now the bit that I am querying - he then said in order to do this he would need a 3% one off charge up front ~£3,800 which I pulled a face at and he said he could do it for £3K and then on-going 0.5% charges to review pension on a six monthly basis, provide advice etc. Is this normal or is he pulling a flanker?

Just thought I'd ask your opinion, and can any recommend an IFA in the North East for this sort of thing so I can compare?

Cheers

Ask the question to your provider and I bet they'll help, you have to remember the financial advisor will want to make as much as possible from your pension pot, don't let him / them get away with it

 

[Absafc]

Err thanks I think. I've had a quick shufti on Google and I think it's a compliment. Well I hope it is.

I think he was referring to Brian's surname.

 

[ProfessionalMackem]

I think he was referring to Brian's surname.

Ahhh I get it now.

Thats not his surname btw, just what ive got him in my phone

 

[Deleted member 30053]

Ask the question to your provider and I bet they'll help, you have to remember the financial advisor will want to make as much as possible from your pension pot, don't let him / them get away with it

That's not true like. I don't think like that.