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How much are advisers charging for pension transfers?

Advisers and networks are charging wildly different prices for advising on defined benefit to defined contribution pension transfers, Money Marketing research suggests. As well as a split between charging on a time cost or percentage basis, some firms appear to be charging as much as two times more than others. Firms that offer pension transfer […]

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

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Comments

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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