CUK Pension Poll

[lukemg]

Agreed, this is definitely one way to go at it ! Trouble is, most people have a tendency to piss it up the wall on tulip they don't need to compensate for the tulip they have to do to earn it - rinse and repeat with the illusion of freedom.
Used to do the same but now I want my money earning money and giving me the choice to work if/when and where I like - THAT is a proper luxury.

[DimPrawn]

Hungary-Poland: Private pension funds seized | Presseurop.eu: European news, cartoons and press reviews

[d000hg]

Nowt wrong with using a FSA as long as you aren't the one paying them.

[eek]

Nowt wrong with using a FSA as long as you aren't the one paying them.

They have to earn their money somehow. And one way or another you are paying for the advice.

[EternalOptimist]

They have to earn their money somehow. And one way or another you are paying for the advice.

Loads of FSA lost their jobs this year. Some new rules came in to stop the banks dodging tax which has meant they let all their FSA's go

I was talking to one about it, he's training to become a plumber right now

[DimPrawn]

Nowt wrong with using a FSA as long as you aren't the one paying them.

Probably the most idiotic thing I've ever read on CUK.

[Bunk]

Loads of FSA lost their jobs this year. Some new rules came in to stop the banks dodging tax which has meant they let all their FSA's go

I was talking to one about it, he's training to become a plumber right now

It was the Retail Distribution Review, and yes, a lot of financial advisers lost their jobs as banks are erring on the side of caution now, terrified of mis-selling anything.

Edit: Oh, and it was nothing to do with the banks dodging tax, it was because they weren't evaluating customers needs properly when advising them on investments.

[d000hg]

They have to earn their money somehow.

Yes, providing a valuable service. I've better things to do with my time than scour every single pension, mortgage, etc, on the market.

DP is either very stupid or has a very empty life.

[DimPrawn]

Yes, providing a valuable service. I've better things to do with my time than scour every single pension, mortgage, etc, on the market.

DP is either very stupid or has a very empty life.

It has to be an or?

[lukemg]

What DP said x100...
IF you haven't got a clue I guess there are certain times an IFA (no idea what an FSA is - thought they had disbanded it ?) might be considered but I can't think of any, it's just not worth the cost (no matter how well it's hidden)
Specialist contractor money people did sort my mortgage, that was justified and they were 'paid' by the provider - fine.
Here is a quick test - If you go to an IFA/FSA and you are interested in a Shares/funds ISA/investment and they don't advise that the vast majority (>80%) goes into v.low-cost index funds using PCA (less than 0.5%/yr cost) then don't walk out RUN AWAY.
They never will because these funds pay chuff all in commission even though they are definitely the best way for novice investors to get exposure.
GLA, I know the money comes in easy but try not to give it away just as easy after you get it. A fool and his money....