Link for ya baby girl.
m.bbc.co.uk/news/business-26178113
(DBT became a fruitarian on, Fri 14 Feb 2014, 7:10, 1 reply, 11 years ago)

yer already read it ta
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.
(dozers, do fuck off ur a nob m8, Fri 14 Feb 2014, 7:14, Reply)

I've already had a word with the boss about our company pension scheme
Advisers charge 5% for administering it - I've put him on to another local firm that charge 1.85%. We'll see what happens.
(Captain Placid 24/7 ball gags, brownie mix and clown porn, Fri 14 Feb 2014, 7:47, Reply)

5% of collective FUA, or individual pots?
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.
(dozers, do fuck off ur a nob m8, Fri 14 Feb 2014, 7:51, Reply)

As far as I can make out it's 5% of payments made (sorry, don't know the jargon)

(Captain Placid 24/7 ball gags, brownie mix and clown porn, Fri 14 Feb 2014, 7:58, Reply)

it's standard for that level of charge to be the initial rather than the ongoing.
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?
(dozers, do fuck off ur a nob m8, Fri 14 Feb 2014, 8:01, Reply)

I'll look into it - I'm eligible to join it so I've got the paperwork to wade through - it's just the 5% that stuck in my craw.

(Captain Placid 24/7 ball gags, brownie mix and clown porn, Fri 14 Feb 2014, 8:04, Reply)

it won't be the ongoing charge
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.
(dozers, do fuck off ur a nob m8, Fri 14 Feb 2014, 8:06, Reply)

Is it even worth joining at your age?

( Naked Ape call me Caitlyn, Fri 14 Feb 2014, 8:06, Reply)

Always is
Anyhow, the way the retirement age is going up it'll be 25 years before I get to retire.
(Captain Placid 24/7 ball gags, brownie mix and clown porn, Fri 14 Feb 2014, 8:08, Reply)

plus, joining it usually comes with death in service

(dozers, do fuck off ur a nob m8, Fri 14 Feb 2014, 8:10, Reply)

That bit's pretty good - 3.5x your actual earnings averaged over the past year
... so that includes bonuses/commission.
(Captain Placid 24/7 ball gags, brownie mix and clown porn, Fri 14 Feb 2014, 8:19, Reply)

oh yer, and triv comm should be raised to 5% or even 10% of the LTA.

(dozers, do fuck off ur a nob m8, Fri 14 Feb 2014, 8:07, Reply)

and tax relief should be a flat 30%, the current 'highest marginal rate' system is grossly unfair

(dozers, do fuck off ur a nob m8, Fri 14 Feb 2014, 8:30, Reply)