Pensions advice
Discussion
Best bet is to search www.unbiased.co.uk and select an advisor from there.
janesmith1950 said:
Best bet is to search www.unbiased.co.uk and select an advisor from there.
Or VouchedForjanesmith1950 said:
Best bet is to search www.unbiased.co.uk and select an advisor from there.
Your company?No, neither Unbiased nor Vouched For are anything to do with me.
Both are lead generation sites for IFAs.
Unbiased is a not for profit that pretty much lists from the FCA register and allows advisors to be more prominent on the listings by paying a subscription. It is the directory recommended by the industry, such as product providers and the banks.
If you're a consumer using Unbiased, you can either select an advisor yourself from the listings or use their 'match' service. If you use the match service, you will choose some parameters and your enquiry will be broadcast to all the advisors who actively subscribe to the service, the 'fastest finger' winning your enquiry.
If, like the person above, you get a wrong kind of advisor, it's probably because the advisor in question has put the wrong details in their Unbiased profile.
Vouched For is very similar to the consumer, but is a wholly for profit business. They also have a guidance business called 'Hatch' which is often prominently advertised on the site. This works on a price per lead model for IFAs.
Your chances of finding a decent advisor on each are about the same.
My business is slightly different, in that we normally receive an enquiry and then pick up the phone and have a chat with you before recommending an advisor for the job. Lots of people (not necessarily those on this part of PH) don't necessarily know what an IFA is really there for or properly understand what they've got. They can find themselves bouncing between unsuitable IFAs who tell them they can't help or, worse, take an enquiry, promise to call back, and never do.
Edited to add- my regulated business uses Unbiased as a source of enquiries. We decline the vast majority of enquiries submitted by consumers as they either aren't suitable for our business or are unsuitable for an IFA altogether. The ones we do accept cost us £30 each and we pay about £60 a month to subscribe.
Both are lead generation sites for IFAs.
Unbiased is a not for profit that pretty much lists from the FCA register and allows advisors to be more prominent on the listings by paying a subscription. It is the directory recommended by the industry, such as product providers and the banks.
If you're a consumer using Unbiased, you can either select an advisor yourself from the listings or use their 'match' service. If you use the match service, you will choose some parameters and your enquiry will be broadcast to all the advisors who actively subscribe to the service, the 'fastest finger' winning your enquiry.
If, like the person above, you get a wrong kind of advisor, it's probably because the advisor in question has put the wrong details in their Unbiased profile.
Vouched For is very similar to the consumer, but is a wholly for profit business. They also have a guidance business called 'Hatch' which is often prominently advertised on the site. This works on a price per lead model for IFAs.
Your chances of finding a decent advisor on each are about the same.
My business is slightly different, in that we normally receive an enquiry and then pick up the phone and have a chat with you before recommending an advisor for the job. Lots of people (not necessarily those on this part of PH) don't necessarily know what an IFA is really there for or properly understand what they've got. They can find themselves bouncing between unsuitable IFAs who tell them they can't help or, worse, take an enquiry, promise to call back, and never do.
Edited to add- my regulated business uses Unbiased as a source of enquiries. We decline the vast majority of enquiries submitted by consumers as they either aren't suitable for our business or are unsuitable for an IFA altogether. The ones we do accept cost us £30 each and we pay about £60 a month to subscribe.
Edited by janesmith1950 on Wednesday 22 August 06:32
janesmith1950 said:
No, neither Unbiased nor Vouched For are anything to do with me.
Both are lead generation sites for IFAs.
Unbiased is a not for profit that pretty much lists from the FCA register and allows advisors to be more prominent on the listings by paying a subscription. It is the directory recommended by the industry, such as product providers and the banks.
If you're a consumer using Unbiased, you can either select an advisor yourself from the listings or use their 'match' service. If you use the match service, you will choose some parameters and your enquiry will be broadcast to all the advisors who actively subscribe to the service, the 'fastest finger' winning your enquiry.
If, like the person above, you get a wrong kind of advisor, it's probably because the advisor in question has put the wrong details in their Unbiased profile.
Vouched For is very similar to the consumer, but is a wholly for profit business. They also have a guidance business called 'Hatch' which is often prominently advertised on the site. This works on a price per lead model for IFAs.
Your chances of finding a decent advisor on each are about the same.
My business is slightly different, in that we normally receive an enquiry and then pick up the phone and have a chat with you before recommending an advisor for the job. Lots of people (not necessarily those on this part of PH) don't necessarily know what an IFA is really there for or properly understand what they've got. They can find themselves bouncing between unsuitable IFAs who tell them they can't help or, worse, take an enquiry, promise to call back, and never do.
Edited to add- my regulated business uses Unbiased as a source of enquiries. We decline the vast majority of enquiries submitted by consumers as they either aren't suitable for our business or are unsuitable for an IFA altogether. The ones we do accept cost us £30 each and we pay about £60 a month to subscribe.
Hi Jane, what's the best way to get in touch? Your emails aren't enabled on hereBoth are lead generation sites for IFAs.
Unbiased is a not for profit that pretty much lists from the FCA register and allows advisors to be more prominent on the listings by paying a subscription. It is the directory recommended by the industry, such as product providers and the banks.
If you're a consumer using Unbiased, you can either select an advisor yourself from the listings or use their 'match' service. If you use the match service, you will choose some parameters and your enquiry will be broadcast to all the advisors who actively subscribe to the service, the 'fastest finger' winning your enquiry.
If, like the person above, you get a wrong kind of advisor, it's probably because the advisor in question has put the wrong details in their Unbiased profile.
Vouched For is very similar to the consumer, but is a wholly for profit business. They also have a guidance business called 'Hatch' which is often prominently advertised on the site. This works on a price per lead model for IFAs.
Your chances of finding a decent advisor on each are about the same.
My business is slightly different, in that we normally receive an enquiry and then pick up the phone and have a chat with you before recommending an advisor for the job. Lots of people (not necessarily those on this part of PH) don't necessarily know what an IFA is really there for or properly understand what they've got. They can find themselves bouncing between unsuitable IFAs who tell them they can't help or, worse, take an enquiry, promise to call back, and never do.
Edited to add- my regulated business uses Unbiased as a source of enquiries. We decline the vast majority of enquiries submitted by consumers as they either aren't suitable for our business or are unsuitable for an IFA altogether. The ones we do accept cost us £30 each and we pay about £60 a month to subscribe.
Edited by janesmith1950 on Wednesday 22 August 06:32
well the guy did indeed sound about 18, and has made an appointment to come to my house. He mentioned something about doing an investment risk assessment and telling me what the market product alternatives are. The idea that i am wanting to consolidate into my current employer's scheme and therefore there is no concept of 'alternatives' seemed to be a bit lost on him. Does he sounds like a dufus?
Blown2CV said:
well the guy did indeed sound about 18, and has made an appointment to come to my house. He mentioned something about doing an investment risk assessment and telling me what the market product alternatives are. The idea that i am wanting to consolidate into my current employer's scheme and therefore there is no concept of 'alternatives' seemed to be a bit lost on him. Does he sounds like a dufus?
Your employer may well have an advisor who can talk you through the basics.Have you decided what you want to do and just want some assistance with the process or do you want some advice as to what to do?
desolate said:
Blown2CV said:
well the guy did indeed sound about 18, and has made an appointment to come to my house. He mentioned something about doing an investment risk assessment and telling me what the market product alternatives are. The idea that i am wanting to consolidate into my current employer's scheme and therefore there is no concept of 'alternatives' seemed to be a bit lost on him. Does he sounds like a dufus?
Your employer may well have an advisor who can talk you through the basics.Have you decided what you want to do and just want some assistance with the process or do you want some advice as to what to do?
Blown2CV said:
well i did think i had decided to just consolidate my older dormant pension into the current work one, as from what i can gather it is cheaper to manage that way. It's also slightly simpler to have one instead of two, and i can use the target scheme's planning tools etc. I didn't think it was that complicated... however the transfer in process does strongly recommend i seek advice based upon the size of the pot. I didn't really think I needed the advice i guess... maybe i am missing something, that's the only reason it might be useful.
At the meeting he should make his charging structure very clear in absolute black and white.desolate said:
Blown2CV said:
well i did think i had decided to just consolidate my older dormant pension into the current work one, as from what i can gather it is cheaper to manage that way. It's also slightly simpler to have one instead of two, and i can use the target scheme's planning tools etc. I didn't think it was that complicated... however the transfer in process does strongly recommend i seek advice based upon the size of the pot. I didn't really think I needed the advice i guess... maybe i am missing something, that's the only reason it might be useful.
At the meeting he should make his charging structure very clear in absolute black and white.Blown2CV said:
well the guy did indeed sound about 18, and has made an appointment to come to my house. He mentioned something about doing an investment risk assessment and telling me what the market product alternatives are. The idea that i am wanting to consolidate into my current employer's scheme and therefore there is no concept of 'alternatives' seemed to be a bit lost on him. Does he sounds like a dufus?
He sounds like your typical, not very bright, IFA to me.I really dislike it when I've booked in time to speak to an expert who struggles to listen to what I would like or can't take on board the circumstances of what I am explaining. They just want to run through their "process".
It's so disappointing, especially when you have a particularly problem, as in your case, that you just want to get fixed.
Blown2CV said:
well the guy did indeed sound about 18, and has made an appointment to come to my house. He mentioned something about doing an investment risk assessment and telling me what the market product alternatives are. The idea that i am wanting to consolidate into my current employer's scheme and therefore there is no concept of 'alternatives' seemed to be a bit lost on him. Does he sounds like a dufus?
An IFA who can't take a brief and only follows his own agenda is infuriating. But they are obliged to start with the Janet and John 'How much do you spend on milk each week?' stuff or else their butt can be on the line.Campagnolo12speed said:
What sort of % charge would an IFA take on contributions?
Not on the contributions I think, but on the fund. Allow 1%pa.Edited by Simpo Two on Wednesday 22 August 22:13
I’m doing similar & coincidentally was looking at local financial advisers on Vouchedfor yesterday.
Have an old final salary scheme which I was in for 6 years in the 90s
The transfer value is over 40x the pension @60 in 3 years (half pension to better half if I keel over)
Looks a no brainer to me to transfer out to my HL account. Wonder if adviser would agree?
Have an old final salary scheme which I was in for 6 years in the 90s
The transfer value is over 40x the pension @60 in 3 years (half pension to better half if I keel over)
Looks a no brainer to me to transfer out to my HL account. Wonder if adviser would agree?
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