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How much are advisers charging for pension transfers?

Defined benefit pension transfer charges are being put under the microscope again as the regulator turns over more potential conflicts of interest. With the British Steel Pension Scheme the latest to dominate headlines and the FCA ready to interrogate further as it extends its review to include all firms authorised to give pension transfer advice, […]

2016 Global Survey of Individual Investors: How is investor behaviour rewriting the job description for financial professionals?

Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]


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There are 3 comments at the moment, we would love to hear your opinion too.

  1. Shouldn’t the question be “Should advisers have limited discretionary powers” to enable switching and selling of funds for withdrawal purposes easier?

  2. Only if they satisfy the very strenuous qualifications and satisfy the protocols required for discretionary management then yes. If not – certainly not.

    • I’ve got the qualifications and so has my locum, but neither of us have applied for the permissions.
      For me, the question is wrong as it should be more a matter of do advisers NEED discretionary permissions and I would argue in this day and age, on the whole, NO as with many WRAP platforms, you can advise a change to a client or a group of clients, which they either accept the advice or they do not and no discretionary permissions are then required.
      Phil Melville has been using it as a method (when Jean actuallY) for nearly 2 decades I believe and we followed his example.

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