I have been using an IFA to manage my financial affairs for the past 10 years or so and have a wide range of investments, building up hopefully a nice little nest egg for the kiddies.
I have never been comfortable with what I see as being pretty high charges from them, although have agreed that no trail commission will be taken for policies set up. However receving my last 6 month statement for a couple of these policies, I have noticed that trail commission is being taken. I have asked the IFA to explain why this is and no comeback yet.
I have for a while been looking at moving away from my IFA and go into self or managed fund selection and management / SIPP route. I have always been put off by this due to choice of funds to choose and time primarily, not that I move things around that often.
For those who do undertake self fund management, can you advise how easy you find this to do, anything that you need to particulary consider, pitfalls etc.
TIA.
I have never been comfortable with what I see as being pretty high charges from them, although have agreed that no trail commission will be taken for policies set up. However receving my last 6 month statement for a couple of these policies, I have noticed that trail commission is being taken. I have asked the IFA to explain why this is and no comeback yet.
I have for a while been looking at moving away from my IFA and go into self or managed fund selection and management / SIPP route. I have always been put off by this due to choice of funds to choose and time primarily, not that I move things around that often.
For those who do undertake self fund management, can you advise how easy you find this to do, anything that you need to particulary consider, pitfalls etc.
TIA.
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