****** and ******** - is shooting too good for them?
Oct 8th 2009, 6:50 pm
#16
BE Enthusiast
Joined: Jun 2009
Location: Joobuy
Posts: 304
Re: ****** and Partners - is shooting too good for them?
Really?? Tailored in that they picked a few funds. 
That company never put together decent portfolio. I have had to fix far too many. 
Hardly anyone out here should have a plan that is long term as offshore schemes are not suitable when you return to the UK. The longer the plan term the more the commission to the salesperson.
I'll make another guess. They told you you could cancel it after 18 months. (That's nonsense by the way.)
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That company never put together decent portfolio. I have had to fix far too many. Hardly anyone out here should have a plan that is long term as offshore schemes are not suitable when you return to the UK. The longer the plan term the more the commission to the salesperson.
I'll make another guess. They told you you could cancel it after 18 months. (That's nonsense by the way.)
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Seriously they're not bad. Savings plan with higher yield than a regular deposit account.
Plus... remebering that the debate we're having is about annoying salesman; people also complain about car, fitted kitchen or double glazing salesman, but they still buy all those products.
LOL
Oct 8th 2009, 6:51 pm
#17
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: ****** and Partners - is shooting too good for them?
Utterly duped.
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Oct 8th 2009, 6:52 pm
#18
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: ****** and Partners - is shooting too good for them?
Really?? Tailored in that they picked a few funds. That company never put together decent portfolio. I have had to fix far too many.
Hardly anyone out here should have a plan that is long term as offshore schemes are not suitable when you return to the UK. The longer the plan term the more the commission to the salesperson.
I'll make another guess. They told you you could cancel it after 18 months. (That's nonsense by the way.)
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That company never put together decent portfolio. I have had to fix far too many. Hardly anyone out here should have a plan that is long term as offshore schemes are not suitable when you return to the UK. The longer the plan term the more the commission to the salesperson.
I'll make another guess. They told you you could cancel it after 18 months. (That's nonsense by the way.)
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Royal Skandia are, I heard, taking legal action against DVAP based on misrepresentation, namely '...but my broker said I would be able to...' (you prob know more about that than I do).
Oct 8th 2009, 7:05 pm
#22
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: ****** and Partners - is shooting too good for them?
My final guess - it's a Friends Provident International plan. These have zero surender value for the first 18 months. No regular premium savings plan offer a money back guarantee.
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Oct 8th 2009, 8:11 pm
#23
Lost in BE Cyberspace
Joined: Dec 2006
Posts: 23,434
Re: ****** and Partners - is shooting too good for them?
Many years ago, I had a Royal Skandia savings plan arranged by a seemingly genuine broker........ but the broker sold out to DVAP.
Royal Skandia are, I heard, taking legal action against DVAP based on misrepresentation, namely '...but my broker said I would be able to...' (you prob know more about that than I do).
Royal Skandia are, I heard, taking legal action against DVAP based on misrepresentation, namely '...but my broker said I would be able to...' (you prob know more about that than I do).
Anyone know these guys (Sundial)are good? Been with them since 2004...
Oct 9th 2009, 5:06 am
#25
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: ****** and Partners - is shooting too good for them?
Only if you cancel.
And the other problem is that if you come back on shore you cannot fund them from your gross salary, hence at that point a regular onshore pension is probably better.
You will also find that the first 18 months of contributions will probably just cover the fees to your new friend. No long term plans really work in that sense but it just seems that it's the long term plans that are peddled by most finanical planners (as it gives them a regular income) when really the client needs something else (especially in a transient envirnoment like this)
But if you run it to term, then they probably do the job...
And the other problem is that if you come back on shore you cannot fund them from your gross salary, hence at that point a regular onshore pension is probably better.
You will also find that the first 18 months of contributions will probably just cover the fees to your new friend. No long term plans really work in that sense but it just seems that it's the long term plans that are peddled by most finanical planners (as it gives them a regular income) when really the client needs something else (especially in a transient envirnoment like this)
But if you run it to term, then they probably do the job...
Oct 9th 2009, 5:18 am
#26
BE Enthusiast
Joined: Jun 2009
Location: Joobuy
Posts: 304
Re: ****** and Partners - is shooting too good for them?
Only if you cancel.
And the other problem is that if you come back on shore you cannot fund them from your gross salary, hence at that point a regular onshore pension is probably better.
You will also find that the first 18 months of contributions will probably just cover the fees to your new friend. No long term plans really work in that sense but it just seems that it's the long term plans that are peddled by most finanical planners (as it gives them a regular income) when really the client needs something else (especially in a transient envirnoment like this)
But if you run it to term, then they probably do the job...
And the other problem is that if you come back on shore you cannot fund them from your gross salary, hence at that point a regular onshore pension is probably better.
You will also find that the first 18 months of contributions will probably just cover the fees to your new friend. No long term plans really work in that sense but it just seems that it's the long term plans that are peddled by most finanical planners (as it gives them a regular income) when really the client needs something else (especially in a transient envirnoment like this)
But if you run it to term, then they probably do the job...
onshore pension is 'probably' better
first 18 months of contributions will 'probably' just cover the fees...
if you run it to term, then they 'probably' do the job
Probably you dont actually know about any of this stuff
Oct 9th 2009, 7:14 am
#27
banned
Joined: Oct 2008
Posts: 7,611
Re: ****** and Partners - is shooting too good for them?
this topic has been going and going on here for around 4 years now.
We have a few policies through deshits and whilst i wish we never bothered, i gotta say that we have no issues.
i have had another IFA who posts on here look at what we were sold and the feedback was that they are good for our circumstances..
in retrospect, i wouldnt go near them, we did and so far its not been too bad
We have a few policies through deshits and whilst i wish we never bothered, i gotta say that we have no issues.
i have had another IFA who posts on here look at what we were sold and the feedback was that they are good for our circumstances..
in retrospect, i wouldnt go near them, we did and so far its not been too bad
Oct 9th 2009, 9:29 am
#28
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: ****** and Partners - is shooting too good for them?
[QUOTE=Timmy Molloy - London Boy;8002376
Probably you dont actually know about any of this stuff[/QUOTE]
Attack is the best form of defense eh Timmy?
More likely that I know nothing about your situation, nor want to.
Probably you dont actually know about any of this stuff[/QUOTE]
Attack is the best form of defense eh Timmy?
More likely that I know nothing about your situation, nor want to.
Oct 9th 2009, 5:33 pm
#30
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: ****** and Partners - is shooting too good for them?
Well, as no one can predict what the actual investment returns will it is impossible to say how good an investment it will turn out to be. I very much doubt your adviser/salesperson a) has any decent qualifications b) the experience & knowledge to construct a proper portfolio and c) any knowledge of the likely tax implications on your return to the UK.
If you plan to remain in the UAE for just a few years a plan with a term that exceed that is NOT suitable and anywhere else would be a case for mis-selling.
Oh, and as an Independent Financial Adviser with many qualifications and 20 years experience and who puts her head well above the parapet, I am very well qualified to comment on this.
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