Date: December 31st, 2002 12:41 pm (UTC)From:(Anonymous)
See if you can get an IFA who doesn't take commission (they'll charge a fee instead). Commission means that if they advise you to buy a product from some company, that company pays them; in any other sphere of business, this is known as a 'kickback', and is illegal. You may end up paying more this way, because it's you paying the IFA rather than some company, but you'll get better, more impartial, advice ('who pays the piper' and all that).
You may find that you can't find a fee-based IFA; in that case, you might try an accountant instead. They'll be even more expensive, but correspondingly more hardcore.
Also, check out how private vs company pensions affect the employer's contribution - you want to hold on to that if you can. One of the few compensations of working in academia is that the employer's contribution is quite generous and the pension scheme (USS (http://www.usshq.co.uk/)) is well-run.
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chiming
IFA = villain
Date: December 31st, 2002 12:41 pm (UTC)From: (Anonymous)You may find that you can't find a fee-based IFA; in that case, you might try an accountant instead. They'll be even more expensive, but correspondingly more hardcore.
Also, check out how private vs company pensions affect the employer's contribution - you want to hold on to that if you can. One of the few compensations of working in academia is that the employer's contribution is quite generous and the pension scheme (USS (http://www.usshq.co.uk/)) is well-run.
-- Tom