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( , Sun 1 Apr 2001, 1:00)
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m.bbc.co.uk/news/business-26178113
( , Fri 14 Feb 2014, 7:10, 1 reply, 11 years ago)

All the FCA have to do is make financial advice at the point of crystallisation compulsory.
And set a blanket adviser charge of, say, 2%. It's pretty bad that annuities escaped the commission ban where sold via non-advised channels.
( , Fri 14 Feb 2014, 7:14, Reply)

Advisers charge 5% for administering it - I've put him on to another local firm that charge 1.85%. We'll see what happens.
( , Fri 14 Feb 2014, 7:47, Reply)

My firm wouldn't allow any of our IFAs to charge that much.
Are the advisers St James's Place? They're extortionately priced and not whole of market, plus vertically integrated. Lovely marketing though, which is why idiots use them.
( , Fri 14 Feb 2014, 7:51, Reply)

( , Fri 14 Feb 2014, 7:58, Reply)

And it would normally come out of the first year's contributions, after which the ongoing charge of 0.75% or so would kick in.
Is it a GPP?
( , Fri 14 Feb 2014, 8:01, Reply)

( , Fri 14 Feb 2014, 8:04, Reply)

And advice is always to join an employer scheme, assuming there's an employer contribution. You don't get tax relief on those, but it's free money.
( , Fri 14 Feb 2014, 8:06, Reply)

Anyhow, the way the retirement age is going up it'll be 25 years before I get to retire.
( , Fri 14 Feb 2014, 8:08, Reply)

... so that includes bonuses/commission.
( , Fri 14 Feb 2014, 8:19, Reply)

( , Fri 14 Feb 2014, 8:07, Reply)

( , Fri 14 Feb 2014, 8:30, Reply)
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