Finding an IFA for pension sort out

[CuriousMariette]

Hi- new to the money board so apologies if this has been asked before. Where can I find an (good) IFA to give me Pension advise? I have a number of workplace pensions, some DB, and would like some advise on whether I should consolidate some of them. Also have issue of DH having no pension (not even state) due to not working as long term MH issues. I have tried Unbiased.com but no IFA made contact. I’m guessing there’s less interest in Pension questions. Will most now do this via Zoom etc so location does not matter? Any suggestions gratefully received. TIA.

Try the free govt advisor first.

www.moneyhelper.org.uk/en/pensions-and-retirement?source=tpas#

Many will do things by Zoom so location is not important.

You may not be of interest to IFAs who do not charge a fixed fee, so I would look at fixed fee providers. You may find that it costs £2k+ for a financial plan to be made for you and then you implement it or more costly if you have the financial planner implement it.

Are any of the pensions Defined Benefit schemes? It can be hard to find advisers who will discuss moving them.

Small defined contribution schemes you can easily move yourself. So you may want to learn more about pensions and then make your own decisions.

meaningfulmoney.tv/2021/03/16/uk-pensions-checklist/

Thank you for the advice and links I really appreciate it.

We're in the same boat. DH got access to an advisor through his work. They charge a £2000+ flat fee up front plus around 2% management fee.

They showed us the type of investments they would put the money into and it wasn't anything out of the ordinary.

And there's no guarantee they would do any better than anyone else.

We're probably just going to either go to interactive investor and use one of their suggested portfolios or maybe somewhere like Legal and general and one of their model portfolios.

As long as you're diversified and you keep an eye on charges you'll be fine. Your time horizon is important too and your risk appetite.

I like interactive investor as it's a fixed fee platform and if the whole family moves their investments there the charges are split between up to 5 people and work out much much cheaper than other percentage based platforms provided you don't trade very frequently which you shouldn't be doing with long term investments anyway.