Financial Advice

[JackSomething]

I'm looking to speak to an IFA about investing, pension advice, etc. Could anyone offer any recommendations based on personal experience please? I'm in Penllergaer, so Swansea based would be preferred. TIA.

(I know we had a thread about this at one point, but can't remember if it was this incarnation of JA or not. Even if it is, it may be out of date by this point.)

 

[Cooperman]

Pick a few names off of www, go and take your free 30 mins advice and follow someone you feel comfortable with.

Go in with an idea of what you’d like to discuss, as pensions is very different to a stocks and shares ISA. If you’re interested in S&S then have a think about whether you want income through dividends or have your income reinvested. Have a watch of a few YouTube vids before you go and meet them.

 

[Dan_Swan]

I'm looking to speak to an IFA about investing, pension advice, etc. Could anyone offer any recommendations based on personal experience please? I'm in Penllergaer, so Swansea based would be preferred. TIA.

(I know we had a thread about this at one point, but can't remember if it was this incarnation of JA or not. Even if it is, it may be out of date by this point.)

Here's a link to a previous thread on Pensions...

Thread 'Pensions Planning'

Jan 29, 2025

I remember several PS chums commenting that they didn’t pay enough attention to the topic of pensions.

Martin Lewis did a good piece on it (ITV at 8pm), go back and watch it if you missed it and are interested to learn more. The link below is also worth a read, but the programme covers this in much more detail. It’s never too late to plan for retirement and the right decisions now can make your money work harder for you. I like the way Martin presents the topic, his jargon busting approach strips away the cloudiness that sometimes comes with other pensions related material...

• Cooperman
• Replies: 36
• Forum: The Blaze Non-Football Board

• 

 

[Cooperman]

Martin Lewis is an excellent source of learning material, all broken down in easy to understand explanations.

 

[Niigata Jack]

Pick a few names off of www, go and take your free 30 mins advice and follow someone you feel comfortable with.

Go in with an idea of what you’d like to discuss, as pensions is very different to a stocks and shares ISA. If you’re interested in S&S then have a think about whether you want income through dividends or have your income reinvested. Have a watch of a few YouTube vids before you go and meet them.

There's lots of stuff on FB, about S&S's, Bond and investing in property and building a portfolio, with adverts saying about earnings over 10k 28k a month as your portfolio grows and even 100k if it sounds to good to be true it usually is especially when it comes to FB
I stuck to the usually tried and tested companies myself, around 4% interest is common place, always on lookout for better though, S&S's seems like a minefield to me so I've just played safe.

 

[Niigata Jack]

Martin Lewis is an excellent source of learning material, all broken down in easy to understand explanations.

He talks to fast for me and I find him hard work to keep a track of.

 

[MajorR]

Cooperman’s advice in the second post of this thread is the way to go unless someone you know really well can recommend a 100% legit advisor.

Many years ago I worked in the banking industry and I worked with a guy who went on to become an Independent Financial Advisor, he was rock solid, totally trustworthy and not at all pushy with potential customers. I put quite a few people his way and I used him myself.
He retired about 15 years ago, but only after selling his business to a guy in the Neath/Swansea area who he completely trusted - he wanted to make sure all his current an ex clients were in safe hands - and they were.

Unfortunately that guy has now retired and sold the business on - my mate believes the new owners are very tidy he can’t recommend them as he’s not had any personal dealings with them. When I was recently looking for someone he couldn’t recommend anyone.

There are plenty of dodgy people out there as some of the steel workers in Port Talbot found out. I once worked with a guy ( in a completely different industry not financial services) who became a financial advisor and he was implicated in all sorts of skullduggery and dodgy dealings.

Take your time, speak to a few, compare the services and products you’re being offered and the commission rates and any charges. Paying more isn’t always bad, if you want quality advice it may cost more but it will pay for itself, same goes for commissions paid to the agent, but some advisors could push a poorer product just because it pays them a higher commission so be careful. Defo look for an Independent Advisor - don’t use one tied up to one company.