Suppose you have a pension fund and you think you could do better by reinvesting it as a pension fund elsewhere. You go to an Independent Financial Adviser to ask about doing this. This adviser needs to have passed an additional examination usually known by its code number as G60, and hardly anybody has done this.
However, we are now into a new era of pensions deregulation where anyone can telephone you and persuade you to cash in your pension fund and reinvest it in a salt mine in North Korea, with a nice commission for themselves. We will just ask everybody to be aware how the pendulum has swung from one extreme to the other.
David Porthouse & Co is a forward-looking firm of accountants based in Carlisle with a keen interest in new technology with the aim of speeding up accounts production and making accountancy more affordable for our clients.