Sacking IFA and replacing with Intelligent Money????

"Jonathan" wrote

Have you passed the exams to be authorised by FSA for investment business?

who will become your financial advisor and will receive and refund to you all commission. So why don't want to do that ?

Daytona

Why do you want to sack your IFA? If you have a genuine complaint about his conduct, just take a case against him with the Financial Ombudsman Service and get all of your money back plus interest.

B.T.W. You don't have to have passed any exams to be your own F.A. Many advisers who have passed such exams have been found guilty of having dispensed the most outrageously bad financial advice.

I wouldn't trust any of the baskets, I put my pension money on the dogs (at least the dogs don't receive financial incentive to rip me off) I can watch a race with my own eyes and I don't pay hefty commissions to anyone (even when I win). The financial services crooks take their commission even when they lose your money.

Gordon Brown needs to have a real rethink about the financial services industry and its pathetic sham regulator if he wants the public to start saving.

"Mr.Bydis" wrote

Maybe so - but you wouldn't get authorised by the FSA for investment advice and hence the OP, trying this, would *not* "benefit from the on going commission"...