FabSwingers.com forum: Pension Advice

By (user no longer on site) OP
over a year ago

The Pensions Advisory Service offers independent advice about both private and company pension schemes.

It is grant-funded by the DWP with paid pension specialists

The chair of the Pensions Advisory Service (Museji Takolia) has stood down from his position after being declared bankrupt

Just shows, you need to be very careful on where you seek advice, would you feel confident taking advice from a company who's chairman cannot handle his own financial matters?

By (user no longer on site) OP
over a year ago

"In fact declaring himself bankrupt probably make an idea person to be a pensions advisor because it shows he knows the in and outs of financial matters."

best giving him a google first check how he ran his business

By *atietvsheffTV/TS
over a year ago

Sheffield

Dreadful thread with totally ignorant points raised. The person concerned was appointed head of the organization for his previous business skills and track record, you have no idea how he came to the stage of declaring bankruptcy, for example it could be the likes of a major customer going bust on his business that has brought his business down as many in the supply chain to the likes of BHS, Blockbuster, woolworths, etc etc would know. He would not be the one giving "advice" at the pensions advisory service anyway that is done by professional advisors holding the correct qualifications. Any professional finance adviser has to hold the correct qualifications and be licenced in that area of advice by the regulators the are also checked at least annually if not every 6 months by a criminal records search and also a credit search to check that their finances are in order and if not they are put under special review until they are back in order or they are removed from a client facing function. I would strongly advise anyone seeking professional advice to ensure their adviser has the qualifications as in any parts of life today there are fraudsters, however the financial services industry has moved mountains in recent years to ensure client facing advisers are the best qualified in the world so clients can have the trust in the people they take advice from, I am deeply passionate about this as I am a Chartered financial adviser myself and I hold the highest level of pension qualifications you can, what we don't want is silly people using a broad brush to tarnish an industry and scare the people who may need that professional advice either now or in the future from seeking it out and doing the stupid things instead like listening to "blokes down the pub" spouting such stupid vies as the one in this thread without having full knowledge of the whole situation. Rant over,OP no need to respond as I know you would not appreciate a professional view point anyway