This was suggested to me by a Financial Adviser.. Is anyone on this pension scheme? Any good? Cheers
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Wouldn't this be better posed at financialadvisoruk.com not a contractor site?'CUK forum personality of 2011 - Winner - Yes really!!!!
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Only the adviser will gain from that. Put the money into a SIPP where you don't pay large amounts to an IFA for doing very little.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Hello,Originally posted by northernladuk View Post
the financialadvisoruk.com does not seem to work..Comment
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Anything recommended by a financial advisor is likely to be good, for the advisor.
Investing is a field of expertise unlike most others. It's one where paying an "expert" (by which I mean both advisors and fund managers) is likely to make you worse off than if you did things yourself. This isn't some surmountable quirk, it is a hard economic fact, economic theory says it ought to be true and independent studies show it is true.
The only reason I say "likely" rather than "certain" to make you worse off is that luck/volatility always plays a role in investment returns, at any given time there will be lots of "lucky fools" outperforming those who had a more sensible strategy.
Investments have expected returns correlated with amount of non-diversifiable risk you take. The middlemen you pay to stand between you and the returns reduce your expected return by exactly the amount you pay them.
If you don't understand what I've said or why it should be true, I suggest reading investment books until you do.
Ditch the advisor and open a SIPP account with Sippdeal or Alliance Trust Savings. Sippdeal is marginally better if you only invest in shares and ETFs, Alliance Trust Savings is better if you want to invest in funds. In their recommended role, both are better (i.e. cheaper) than Hargreaves Lansdown, who are popular with many on this board.Comment
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All I can tell you is that it was about the best rate when I got my annuity.bloggoth
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)Comment
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I have a stakeholder with them, carried forward from previous employment, which my new employer (my co) now pays into.
I have no complaints.Comment
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Am with them, recommended."His fame rested on solid personal achievements...."Comment
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