fiancial adviser

2007 my husband had to move his pension pot out of the company as he was retiring. He employed an IFA, we kept him for one year, he did not know that I had had dealings in th financial markets and knew about hedge funds etc.

At the end of that year my husband and I decided that I would take over managing his pension pot and would also at the right stage, vest his pension. The IFA would have had a yearly on-going financial trail, ooos taken from that pot every year

We politely told him that we were cutting ties with him. Me handling that pension pot was a very great success. I looked that IFA up on google a few weeks ago. He was jailed a couple of years later, along with others, as part of a big financial scam.

thank you thinking the same,sent her an email this morning said was back in bed ill, not up to looking through large boxes of paperwork,was going to get few bits done at home and see what i had left, will get back to her when i feel better ,not heard from her since, bet she thought i was an easy touch,thank you all

busybee6969

We only used an independent financial adviser once years ago and it was not something I'd recommend.
Someone else we know took advice from one attached to a bank and it was disastrous. She was advised to put all her money into stockmarket investments which, at her age, was the wrong thing.

Do some research yourself; government bonds and a cash ISA might be better rather than stockmarket based investments.
It depends on your age, your expectations and what return you want.
Inflation is a problem as interest on savings might not keep up but savings with variable interest rates are available.

Give her the heave ho best advice yet!

Give her the heave ho.

They usually don’t belong to the bank. They are independent and are paid commission by Companies to sell their products. They will try to sell you as much as possible hence the queries about Insurance etc.

I’ve twice tried a Financial Advisor. The first time I went with her advice and it was alright but no better than I could have worked out for myself.

The second time I knew it was bad advice and didn’t take it.

I do not like the sound of yours at all🤔