Flexible Drawdown: How to choose the right provider

Last month we asked “How can Flexible Drawdown help you?” This month we offer some tips on choosing the right Flexible Drawdown provider. In our experience most people wanting Flexible Drawdown require the wider investment powers of a SIPP (Self Invested Personal Pension) so in many ways the question should be: “How do I choose the right SIPP provider for Flexible Drawdown?” We’ve previously written about the things you should consider when choosing a SIPP so what else should you think about if you plan to use Flexible Drawdown in your SIPP? Flexible Drawdown charges Clearly when you choose a SIPP ...

Can you trust your bank? Lessons from BBC’s Panorama program

Monday night’s Panorama program looked at whether the consumer can trust their bank. In particular it focused on the quality of financial advice offered by some of the major high street banks. Mystery shoppers looking to invest a lump sum of money were sent in to a range of banks; the results were mixed to say the least. Some banks such as the Co-Operative were praised by the program; others however did not fare so well. A number of advisers came in for particular criticism especially when assessing a customer’s attitude to risk and explaining charges. Others were accused of putting undue ...