Pension planning

[Re-sign Carl Dale]

Every time I have taken financial advice it has ended it tears. Pensions, AVC's and endowment mortgage.
I have no doubt that many people enjoy great benefits from consulting financial advisers but my fingers have been burned numerous times.

You're not alone - before joining financial services 20 years ago I myself was mis-sold an endowment mortgage!

Things are infinitely better now than 20 years ago; standards of qualification and professionalism are far higher. However the British Steel pension situation a year or two ago sadly shows that poor advice and mis-selling haven't completely disappeared.

[CCFCC3PO]

You're not alone - before joining financial services 20 years ago I myself was mis-sold an endowment mortgage!

Things are infinitely better now than 20 years ago; standards of qualification and professionalism are far higher. However the British Steel pension situation a year or two ago sadly shows that poor advice and mis-selling haven't completely disappeared.

On something like pensions, though, you don't really want to get it wrong. So, when it comes to my time I'll be getting advice. Is is possible to get advice from more than one FA, and how likely is it that they will give the same overall advice?

[Re-sign Carl Dale]

On something like pensions, though, you don't really want to get it wrong. So, when it comes to my time I'll be getting advice. Is is possible to get advice from more than one FA, and how likely is it that they will give the same overall advice?

Spot on. If your sitauion is really complex, or you are looking at investing a really large sum of money, I often recommend chatting to a couple of IFAs and make sure that you find someone that you're comfortable with and can work with.

The overall advice should be similar - there will be nuances, and no two advisers are likely to recommend the same specific investment - however whatever is recommended should be suitable for you.

[CCFCC3PO]

Spot on. If your sitauion is really complex, or you are looking at investing a really large sum of money, I often recommend chatting to a couple of IFAs and make sure that you find someone that you're comfortable with and can work with.

The overall advice should be similar - there will be nuances, and no two advisers are likely to recommend the same specific investment - however whatever is recommended should be suitable for you.

I am going to avoid the bloke that effed up our mortgage when we were buying a house. Deal nearly collapsed and we had already moved out from the other place. Saying that, he'll be retired by then anyway, unless he follows his own advice in which case he will still have to work