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One has to say that those reasons do not really sound a lot like current specific individual experience ... rather it sounds like it might be the marketing literature ... perhaps I'm just cynical.
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I guess if you want to have flexibility to invest your pension pot on a regular basis then maybe someone like abrdn might be a good bet. But if it's a case of putting it in and leaving it then I'm not sure why you would want to pay anything more than the bare minimum.
@cjr thanks for the heads up on the II fee structure, am on Vanguard and also very happy but could see in the future that I would save a bit of money going to a monthly charge, will DM
tertius
onyerbike
@hazzelfrazzel
@Matt101 @Arvy. @cjr thank you so much for the advice. I have set up a meeting with the IFA in a couple of weeks and will be curious to see what they say about why they've recommended that. I suspect they get a kickback from it, but if so that makes me wonder how independent they really are.
@cjr I will find out more and if I decide to go that way I will definitely get in touch with you beforehand.
FWIW in their written consultation the IFA said they recommended abrdn for the following reasons:
That all sounds great, until some light research on the internet as a non expert proves 2 and 4 to be apparently incorrect. I'm starting to lose some trust ...
Edit: I realise I forgot to add amount and what the fees are on abrdn. Amount will be £104k, and yep, platform fees are 0.30%. Advisor fees are 1%.