Funding for retirement in 20 years?

No, she's knows someone who will do them well for no fee!

"Peter Saxton" wrote

You can be, but also with the fallback of added safety if things go wrong. Is that not even better?

Time for a new IFA. How in heaven's name can he put forward an investment with over 3% pa charges?

I don't see why you think it's a good idea to let a bunch of crooks still your money so you can get the stolen money back.

and they're getting around the FSA's standard rates by making spurious predictions. Mis-selling; here we go again...... :-(

David should report them to the FSA - snipped-for-privacy@fsa.gov.uk

Daytona

"Peter Saxton" wrote

I don't, if that were the definite (only) outcome. *But* there's a chance that they *aren't* "a bunch of crooks".

If they aren't crooks, then you get what you wanted. If they are crooks, then you get your money back.

I don't see why you think it's a good idea to throw away the chance of having a guarantee!

At the same time, if you go into it with your eyes open and are not missold then the compensation going to those who were missold will affect your returns.

The first pension I started paying into wasn't missold to me but, at least partially, my returns have been hit because of all the misselling to other people.

My partners endowments weren't missold but the companies are now paying out to people who claim they didn't understand what they were getting into. This is affecting her potential returns.

Tim.

Why should I give money to someone to give me a 1% return with risk when I can do a lot better myself?

I wont be able to get compensration for that.