Pension freedom?

[55palfers]

http://www.telegraph.co.uk/finance/personalfinance...

Why am I not surprised that once again, the Financial Services Industry is shown to be a law unto itself?

Isn't it a bit odd that they all have £30K as the trigger for needing "advice"

The last financial advice I took left me with an endowment mortgage!

It's our money so why are we allowing them to rip us off.

Anyone from the pensions companies like to enlighten me please?

[PurpleMoonlight]

Blame the Government.

They legislated that advice must be obtained if the transfer value from a 'guaranteed' arrangement is for more than £30,000.

[55palfers]

Thanks.

By "guaranteed" do you mean like a final salary scheme or the sort of deal that got Equitable Life into trouble?

My pots are all just vanilla money purchase schemes from previous employers