At 58 I have a pension pot of E120k that I need to move from a SSAS.
Full picture. I hope that both my wife and I will have a contributory state pension, that I will have a small public service pension (13 years service low wages), I hope to have a full UK state pension and I have a residential investment property.
A month ago my broker was advising that I put the money in a PRB now he is recommending a PRSA from Aviva, as follows
I have no idea how much my broker is getting paid for this or on an on-going basis.
Despite fancying myself as financially well informed, I am all at sea. Any advice welcome.
Full picture. I hope that both my wife and I will have a contributory state pension, that I will have a small public service pension (13 years service low wages), I hope to have a full UK state pension and I have a residential investment property.
A month ago my broker was advising that I put the money in a PRB now he is recommending a PRSA from Aviva, as follows
The range of funds in a PRSA is not as wide as a Buy Out Bond, this is a minor inconvenience when you consider the ease of opening and retiring the PRSA. Also, with these new range of PRSA’s I was able to select one with an Annual Management Charge (AMC) of 1% compared to 1.25% on the Buy Out Bond. You still get 100% allocation.
I have no idea how much my broker is getting paid for this or on an on-going basis.
Despite fancying myself as financially well informed, I am all at sea. Any advice welcome.