Choosing a Pensions Adviser

If you are thinking of starting a new pension scheme, transferring an existing scheme or taking out an additional scheme, then it is always a good idea to make sure that you consult with an independent financial advisor before you make any decisions. An advisor will be able to explain the pros and cons of various pension plans, look at your individual requirements and circumstances and recommend a suitable pension product to meet them.

In order to advise on financial products, a financial advisor must be authorised by the Financial Services Authority (FSA). They may only advertise that they offer independent advice if they recommend from the whole market and offer you the option to pay a fee rather than commission.

You can find a financial advisor through the investment pages in major newspapers, in specialist investment publications, or though various trade bodies such as IFA Promotion or the Personal Finance Society.