Pensions we can help with that the client can self manage
Mjordan
Member
We've a new client who needs help setting up a pension (to accept a pension share) but doesn't need ongoing advice currently (she's in the accumulation phase and needs to maximise growth). Does anybody know of providers who will allow us to set up a pension but then step away? She will want to add one off contributions, maybe regulars etc. She might need advice in the future and wants to retain the option for an adviser to be paid for this from the pension, hence the reason not going D2C.
I think Royal London might be able to do this. Any others?
Comments
Not sure if it is quite the same scenario, but we were able to take agency over a client's existing Fidelity pension which was self managed, advised on some transfers to it, provided investment instructions, got paid from the pension, and have since stepped down again. Might be worth a try? Alternatively I guess there is always the £500 advice allowance which could be facilitated by some D2C contracts?
Transact does this but there is an additional fee.
Paraplanner. F1, Apple, Nutella, ice cream. No trite motivational quotes. Turning a bit northern.
I don't think Royal London does. Scottish Widows does this but the D2C application process is easy to get wrong if you're not helping with the implementation i.e. you can end up with the wrong pension account!
With the regulars in the case I did these were employer contributions from her own company, and Scottish Widows was the only provider that could offer adviser/non-adviser and employer contributions from a standalone pension.
Transact, as Richard says, but an extra fee.