LGPS pensions

[User]

 

[Paulus]

You may well need to seek advice from a financial advisor.

 

[furball]

It may be that from time to time your employers pension providers will do advisory sessions (really a way for them to sell the benefits of AVCs). Check with HR if your authority has any sessions planned.

 

[Mr Celine]

Whatever decision you make will turn out with hindsight to be the wrong one.

 

[cisamcgu]

You really need to take advice - does your employer have a pension officer ? I depends on your previous salary, you new salary, how long you worked and your current age

 

[Bonefish Blues]

Independent Financial Adviser. It's too important a subject for your future to ask on here IMHO.

 

[Bonefish Blues]

[QUOTE 5107393, member: 259"]I had the worst financial advice I have ever received from an IFA.[/QUOTE]
Does that mean the OP would be ill-advised to consult one, or are you "just saying", as it were?

 

[Bonefish Blues]

[QUOTE 5107431, member: 259"]Well, both. In my experience the IFA wasn't really independent, and her advice was very bad indeed. I'm very suspicious about them in general, I'm afraid.[/QUOTE]
We're in agreement that not all are created equal, and that OP should do their homework to find one who comes with recommendation.

 

[PK99]

[QUOTE 5107393, member: 259"]I had the worst financial advice I have ever received from an IFA.[/QUOTE]

Care to expand on that? what was the advice and in what way was it the worst?

 

[PK99]

We're in agreement that not all are created equal, and that OP should do their homework to find one who comes with recommendation.

I've only ever used Fee-Based IFA - investing through an IFA on a commission basis is prone to conflicts of interest.

 

[cisamcgu]

Ask the question here, loads of very clever, very knowledgeable and very helpful people, plus of course, a whole heap of fools

http://forums.moneysavingexpert.com/forumdisplay.php?f=19

 

[Salad Dodger]

You really need to take advice - does your employer have a pension officer ? I depends on your previous salary, you new salary, how long you worked and your current age

+1 for trying to get advice through your employer. Alternatively, do you belong to a trade union? Can they advise?

 

[midlife]

You should have an IRO (industrial relations officer) who might be able to point you in the right direction.

 

[furball]

Have you explored this site?
https://www.yourpensionservice.org.uk/

 

[screenman]

You should have an IRO (industrial relations officer) who might be able to point you in the right direction.

Never heard of one of those in any trade I have been involved with.