The main problem with this thread is that, two pages in, we're all still largely trying to guess the details of the advice given and the reasons for any changes that were made.
Thank you all. It’s helpful to learn that 9 is at the upper rather than the lower level. I did not find the qqi link on my searches so this is much appreciated.
And they subsequently implied that they had concerns about the advice given so questions about the nature of that advice are perfectly on topic.I think that's a bit unfair to the OP if you are suggesting they should be providing more detail. The thread quickly moved off topic from the original query posed. The OP was looking for information on whether the adviser was adequately qualified or not. That has been answered and acknowledged by the OP.
Just a call and she got him to switch his investments. I need to find out more but I’ve always been respectful of his autonomy. Something feels off about this though.
The main problem with this thread is that, two pages in, we're all still largely trying to guess the details of the advice given and the reasons for any changes that were made.
At this point the OP hasn't looked for analysis of that advice, that's why you're trying to guess what it was.
An absolutely minor charge. I think it's €50 for a switch...if you go over 12 in a month, which I have never had a client do.Probably minor in the greater scheme of things but there may be fund switching fees charged by SL.
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SL do not charge for any switches - it's a claus in the T&C to protect if they wanted to implement it in the future.An absolutely minor charge. I think it's €50 for a switch...if you go over 12 in a month, which I have never had a client do.
I posted this as people seemed to intimate that this information was required to discuss the qualifications of the advisor. I wasn’t looking for guidance on the advice given to Dad. Just wanted to understand what the jargon in the qualifications meant. That being said, as always this forum is kindly going above and beyond. Which is appreciated.In post numbers 8, 12 and 14 the OP gives details of what their father had and what advice was given, in as much as they know. Why do you think they posted that?
No, there is no charging and no restrictions.@Sarah Ryan Always thought that there were 12 free switches in any 12 month period. Then €60 per switch.
Do they differentiate between switching 'assets' and switching funds?
Thank you.Because they were asked by posters and were courteous in their responses.
My original comment on this thread was in response to Clubman's post, which I thought was unfair to the OP. I'm not having a go at anyone who was helpful in providing advice regarding the father's investments, just pointing out that it isn't what the OP had looked for.
I am not a financial advisor but property funds are liable to suspensions so, if you get locked in you are waiting to get your funds back until the fund becomes liquid again. That can take years in some cases.Thanks all. My mind has been put at ease. The instructions he gave were to move all funds in two funds currently invested in Standard life UK property to Standard Life Managed funds and to move all funds in both policies currently invested in Retirement with profits to Standard Life Managed funds.
Thanks Sarah. Not sure if this is relevant to him. I will mention it. I had this experience myself when I tried to move money a few years ago. It struck me as an unfair rule, and I feel it should be mentioned to people allocating pension funds to property in bright lights!I am not a financial advisor but property funds are liable to suspensions so, if you get locked in you are waiting to get your funds back until the fund becomes liquid again.
I think that's a bit unfair to the OP if you are suggesting they should be providing more detail. The thread quickly moved off topic from the original query posed. The OP was looking for information on whether the adviser was adequately qualified or not. That has been answered and acknowledged by the OP.
Well meaning posters have sought information about the advice and changes but the OP hasn't looked for opinions on this, probably because they have very limited knowledge of what this was.
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